Peter Murphy
MALIBU BOATSAbout Peter E. Murphy
Independent director since February 2014; age 62. Founder and CEO of Wentworth Capital Management; prior roles include President of Strategy & Development at Caesars Entertainment (2009–2011), Operating Partner at Apollo Global Management (2007–2008), and 18 years in senior executive roles at The Walt Disney Company, including Chief Strategic Officer of Disney and CFO of ABC, Inc. MBA from Wharton; BA magna cum laude, Phi Beta Kappa from Dartmouth College .
Past Roles
| Organization | Role | Tenure | Notes/Impact |
|---|---|---|---|
| The Walt Disney Company | Senior executive; Chief Strategic Officer of Disney; CFO of ABC, Inc. | 18 years | Strategy and finance leadership at global media company |
| Caesars Entertainment | President, Strategy & Development | 2009–2011 | Led corporate strategy, growth, M&A, corporate and real estate development |
| Apollo Global Management | Operating Partner | 2007–2008 | Private equity operating partner |
| Wentworth Capital Management | Founder & CEO | — | Private investment/venture capital focused on media, technology, branded consumer |
External Roles
| Organization | Type | Role | Dates/Committees |
|---|---|---|---|
| Tribune Media (NYSE: TRCO) | Public company | Director; Audit Committee Chair | Until 2019; chaired audit |
| The Stars Group, Inc. | Public company | Director | Prior service; committee not disclosed |
| Dial Global | Public company | Director | Prior service; committee not disclosed |
| Fisher Communications | Public company | Director | Prior service; committee not disclosed |
| Revel Entertainment | Private company | Chairman of the Board | Prior role |
| DECA TV | Private company | Board Advisor | Prior role |
| Other current public boards | — | None | As of Aug 29, 2025 |
Board Governance
- Committee assignments: Compensation Committee (member) and Nominating & Governance Committee (member) .
- Independence: Board affirmatively determined Murphy is independent under Nasdaq rules; all standing committees are comprised entirely of independent directors .
- Attendance and engagement: Board met 8 times; Compensation Committee met 2 times; Nominating & Governance Committee met 5 times. Each director attended at least 75% of Board and committee meetings; independent directors meet regularly in executive session; all directors attended the 2024 annual meeting .
- Committee leadership context: Compensation Committee chaired by Mark W. Lanigan; Audit Committee chaired by Ivar S. Chhina (audit committee financial expert); Nominating & Governance Committee chaired by Michael J. Connolly .
Fixed Compensation
| Component (Fiscal 2025) | Fiscal 2025 |
|---|---|
| Annual Board cash retainer | $65,000 |
| Committee member cash retainers (per committee) | Compensation: $5,000; Nominating & Governance: $2,000 |
| Fees earned by Peter Murphy (cash) | $72,000 |
Notes:
- Employee directors receive no additional pay; non-employee director compensation set via Directors’ Compensation Policy and Board approval on Compensation Committee recommendation .
Performance Compensation
| Element | Fiscal 2025 |
|---|---|
| Annual director equity retainer (policy) | $110,000, granted as fully vested stock units or Class A shares, valued on grant-date price |
| Peter Murphy stock awards (grant-date fair value) | $109,969; granted November 5, 2024; award valued using $38.64 closing price |
| Vesting & form | Fully vested on grant; directors may elect stock units or shares; stock units accrue dividend equivalents reinvested into additional units |
| Distribution elections (stock units) | Payable upon change-in-control (409A), separation from service, or in-service date elected; payable lump-sum or installments over 5 or 10 years |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None |
| Prior public boards and roles | Tribune Media (Audit Chair); The Stars Group, Dial Global, Fisher Communications |
| Private boards/advisory | Revel Entertainment (Chairman); DECA TV (Board Advisor) |
| Disclosed interlocks/conflicts with MBUU stakeholders | None disclosed for Murphy; Audit Committee oversees and approves related party transactions under written policy |
Expertise & Qualifications
- Strategic, financial, and M&A expertise from Disney (Chief Strategic Officer) and ABC (CFO); private equity and corporate development experience (Apollo, Caesars) .
- Education: MBA Wharton; BA Dartmouth (magna cum laude; Phi Beta Kappa) .
- Board qualification rationale: experience as executive/director of national/international companies; facilitating international growth/strategy .
Equity Ownership
| Metric | Fiscal 2025 |
|---|---|
| Class A common shares held directly | 5,972 |
| Vested stock units (deferred) | 28,185 |
| Total beneficial ownership (Class A + vested units) | 34,157 |
| Ownership % of outstanding shares | Less than 1% |
| Unvested director equity (as of June 30, 2025) | None; no director held unvested stock units or unvested shares |
| Hedging/pledging | Company policy prohibits hedging; prohibits pledging/margin accounts except limited non-margin pledge exception with CFO approval |
Governance Assessment
- Strengths: Independent status; active committee membership (Compensation; Nominating & Governance); at least 75% meeting attendance; equity-heavy director pay structure; deferred stock unit framework that aligns long-term interests; robust policies on related-party transactions and hedging/pledging; committees entirely independent; use of independent compensation consultant (Exequity) with no conflicts noted .
- Pay and alignment: Fiscal 2025 compensation mix $72,000 cash and $109,969 equity with fully vested annual grant; policy equity retainer set at $110,000, reinforcing equity alignment. Directors may elect to receive retainers in stock units or shares, further increasing ownership alignment through deferral and dividend equivalents .
- Potential conflicts/red flags: No related-party transactions disclosed for Murphy; Section 16 filings were timely; company prohibits hedging and generally prohibits pledging; no outstanding stock options company-wide as of June 30, 2025 (reduces option repricing risk). Perquisite of boat use is offered to all independent directors with directors bearing operating costs; not a cash perk and modest from a shareholder perspective .
- Watch items: Absolute personal ownership is <1% (typical for outside directors but still limited “skin-in-the-game” in absolute terms); continued monitoring of Compensation Committee decisions and peer group use (Exequity engaged, with oversight by committee) advisable for pay-for-performance alignment at the executive level .
Overall signal: Governance practices and Murphy’s background support board effectiveness and investor confidence; no specific conflicts or attendance issues disclosed for Murphy in FY2025 .