MALIBU BOATS, INC. current report, 18 September 2015

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Business Context and Reporting Period

This Form 8-K Current Report was filed by Malibu Boats, Inc. on September 18, 2015, regarding events that occurred on September 14, 2015. The filing addresses a change in the Company's independent registered public accounting firm.

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of auditors.

Material Changes

  • Dismissal of Accountant: The Company dismissed McGladrey LLP as its principal independent registered public accounting firm, effective September 14, 2015.
  • Appointment of New Accountant: The Company appointed KPMG LLP as its new independent registered public accounting firm, effective September 14, 2015, to perform audit services beginning with the fiscal year ending June 30, 2016.
  • Audit History: McGladrey's reports for fiscal years ended June 30, 2015, and 2014 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements or "reportable events" between the Company and McGladrey during their tenure or the interim period up to dismissal.
  • Consultation with New Accountant: No consultations were held with KPMG regarding accounting principles or reportable events prior to their engagement.

Guidance, Outlook, and Risks

The filing does not provide financial guidance, outlook, or management commentary on business operations. The primary contingency noted is that stockholders will be asked to ratify the selection of KPMG at the Annual Meeting of Stockholders to be held in October 2015.

Investor Verification Checklist

  • Verify the ratification of KPMG LLP at the upcoming Annual Meeting of Stockholders in October 2015.
  • Review the attached letter from McGladrey LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
  • Monitor future filings for the first audited financial statements prepared under KPMG's supervision for the fiscal year ending June 30, 2016.