April 20, 2026
Matthew M. Googe
1204 Forest Brook Road
Knoxville, TN 37919
Dear Matthew:
At this exciting time for the company, I am pleased to offer you the position of General Counsel for MasterCraft Boat Holdings, Inc. This role reports directly to Brad Nelson, and, upon appointment by the Board of Directors, you will serve as an officer of the Company and as Corporate Secretary. You will play an important role across the enterprise as a key member of the Senior Leadership Team (SLT), serving as the Company’s chief legal advisor and leading all legal, governance, compliance, and risk management activities. In this role, you will provide strategic legal counsel to the CEO, Board of Directors, and senior leadership team; oversee corporate governance, securities, M&A, compliance, and litigation matters; and support the Company’s growth and business objectives while ensuring strong legal and ethical standards.
The terms are as follows:
Job Title: General Counsel
Effective Date: May 11, 2026, or as negotiated.
Salary/Bonus: Your base annual salary will be $370,000.
Bonus/STIP: You will be eligible for the management short-term incentive/bonus plan (STIP). Your target bonus will be 50% of your base salary based on Company and business unit performance and leadership objectives as determined by the Board of Directors. Your bonus eligibility will be prorated (minimum of $40,000) the first year based on hire date.
LTIP: You will be eligible for the Company’s annual Long-Term Incentive Plan (LTIP). This Plan will allow you to earn a target of 60% of your base salary subject to the terms set by the Board.
Signing Bonus: As a signing incentive, you will receive $50,000 and a special one-time RSU grant equal to $75,000 with 3-year vesting subject to continued employment through each vesting date.
Severance: If your employment is terminated without cause, you will be eligible to receive 12 months of your base salary, prorated target bonus, and COBRA reimbursement for up to 12 months.