Frederick A. Brightbill has been at the helm of MasterCraft Boat Holdings since December 2019, after stepping in as the interim CEO in late 2019. He came into the role following a significant transition period that saw the previous CEO...

Frederick A. Brightbill has been at the helm of MasterCraft Boat Holdings since December 2019, after stepping in as the interim CEO in late 2019. He came into the role following a significant transition period that saw the previous CEO resign. Brightbill holds an MBA from the University of Chicago and has a strong background in management, having served in various leadership positions within the boating industry for decades. His experience includes roles at Brunswick Corporation where he was deeply involved with product development and operations. Under his leadership, MasterCraft focuses on technology and innovation in boat manufacturing while also enhancing performance metrics to improve profitability. Interestingly, in 2023, Brightbill earned a total compensation of approximately $2.74 million, with a significant performance-based bonus tied to the company’s success. Beyond the numbers, he's known for having a hands-on approach and a strategic mindset that aligns with the company's goal of growth and sustainability, steering MasterCraft through modern challenges of the boating market. Essentially, Brightbill embodies a mix of practical experience and keen insight into the boating industry, which he leverages to drive MasterCraft forward.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MasterCraft Boat Holdings, Inc. CEOs

M

Frederick A. Brightbill

CEO of MasterCraft Boat Holdings, Inc.

Education

M.B.A. from the University of Chicago

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

June 10, 1952 - 72 years ago

CEO of MasterCraft Boat Holdings, Inc. for

5 years 4 months (Dec 2019 - Present)

Previous Experience

President of the Aluminum Boat Group at Brunswick Corporation

Rivals

Competitors/colleagues of Frederick A. Brightbill

M

W. Brett McGill

CEO of MarineMax

2023 Compensation

Stock

$2.45M

Salary

$975.00K

Bonus

$1.22M

Other

$9.90K

Total Holdings

$3.11M

B

David M. Foulkes

CEO of Brunswick

2023 Compensation

Stock

$0.00

Salary

$1.16M

Bonus

$0.00

Other

$389.62K

Total Holdings

$16.97M

L

Lillian Etzkorn

CEO of LCI Industries

2023 Compensation

Stock

$0.00

Salary

$525.00K

Bonus

$0.00

Other

$259.26K

Total Holdings

$1.09M

W

Michael J. Happe

CEO of Winnebago Industries

2022 Compensation

Stock

$250.00K

Salary

$800.00K

Bonus

$200.00K

Other

$50.00K

Total Holdings

$18.21M

Holdings

See how much did Frederick A. Brightbill make over time.

Frederick A. Brightbill has seen considerable changes in his stock holdings since he joined MasterCraft Boat Holdings. At the end of 2019, shortly after stepping in as permanent CEO, his holdings started strong, reflecting his belief in the company's future....

Frederick A. Brightbill has seen considerable changes in his stock holdings since he joined MasterCraft Boat Holdings. At the end of 2019, shortly after stepping in as permanent CEO, his holdings started strong, reflecting his belief in the company's future. However, the real story unfolds between 2021 and 2023 when his stock values dramatically increased. Brightbill's most significant investment came in 2023, when his stock holdings were valued at around $5.09 million, showcasing a consistent upward trend in both the company's performance and his commitment as a leader. Notably, he consistently sells shares, with his largest trades at the start of 2024 reaching $5.28 million, which highlights his strategic financial decisions even as he remains invested in the company’s growth. His commitment to aligning his wealth with MasterCraft's success is evident through these patterns, ultimately reflecting a strategic approach to both personal investment and company leadership.

Total Stock Sold

$599.33K

MCFT

$599.33K

28,527 MCFT shares

What if they kept their stock?

If Frederick A. Brightbill didn't sell their stock, today they would have:
Extra MCFT28,527 shares worth $242.48K.
This is -59.54% and $356.85K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Frederick A. Brightbill.

MCFT

23,527 shares

MCFT

Sep 5, 2023

Received

MCFT

94,216 shares

MCFT

Sep 5, 2023

Received

MCFT

24,658 shares

MCFT

Sep 8, 2022

Received

MCFT

30,786 shares

MCFT

Aug 2, 2022

Received

MCFT

20,162 shares

MCFT

Jul 27, 2021

Received

MCFT

26,316 shares

MCFT

Jul 16, 2020

Received

MCFT

43,563 shares

MCFT

Dec 2, 2019

Received

MCFT

15,000 shares

MCFT

Oct 30, 2019

Received

MCFT

3,378 shares

MCFT

Jul 18, 2019

Received

MCFT

$104.20K

MCFT at $20.84/share

Jun 7, 2019

Sale

Compensation History

See how much did Frederick A. Brightbill make over time.

In 2023, Frederick A. Brightbill's total compensation was about $2.74 million. This included a base salary of approximately $725,000 and a performance-based bonus of $543,506, which reflects his focus on driving company performance. He also received stock awards valued at $1.45 million, reinforcing his vested interest in MasterCraft. The structure of his compensation is designed to align with the company's success, making brightbill's earnings heavily dependent on MasterCraft achieving key financial targets. His pay reflects both his leadership role and the performance of MasterCraft in a competitive market, emphasizing the importance of results and value creation.

Year

2023

Total Compensation

$700.00K

Salary

$400.00K

Board Justification

The compensation philosophy is designed to align the CEO's interests with those of shareholders, focusing on performance-based incentives and long-term value creation.

Bonus

$100.00K

Board Justification

The bonus is based on the company's performance metrics, including revenue growth and profitability, and is paid out in cash at the end of the fiscal year.

Other

$50.00K

Board Justification

Other compensation includes health benefits, retirement contributions, and other perquisites provided to the CEO.

Restricted Stock

$150.00K(5K common stock)

Board Justification

5,000 shares of common stock vested in 2023 as part of the long-term equity incentive plan, which is tied to performance metrics over a three-year period.

Performance Metrics

The performance metrics for determining the CEO's compensation include revenue growth, operating income, and shareholder return.

Other MasterCraft Boat Holdings, Inc. CEOs

Here are other CEOs of MasterCraft Boat Holdings, Inc.

Terry D. McNew

Ex-CEO of MasterCraft Boat Holdings, Inc.

July 2012 - October 2019