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Malibu Boats, Inc. Announces Secondary Public Offering of 3,475,005 Shares by Selling Stockholders

LOUDON, Tenn., May 18, 2015 (GLOBE NEWSWIRE) -- Malibu Boats, Inc., (Nasdaq:MBUU) ("Malibu Boats" or the "Company"), a leading designer, manufacturer and marketer of performance sport boats, today announced that, subject to market and other conditions, certain selling stockholders of the Company (the "Selling Stockholders") intend to offer 3,475,005 shares of the Company's Class A Common Stock.

The Selling Stockholders intend to grant the underwriters an option for a period of 30 days to purchase up to an additional 521,250 shares of Class A Common Stock to cover over-allotments. If exercised, all additional shares will be offered at the public offering price per share of Class A Common Stock in this offering.

The Company will not sell any shares of Class A Common Stock in the offering and will not receive any of the net proceeds from this offering.

Raymond James, Wells Fargo Securities and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering.

A shelf registration statement relating to the Company's Class A Common Stock was previously filed by the Company with the Securities and Exchange Commission (the "SEC") (as amended, the "Registration Statement") and has been declared effective.

This offering may only be made by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting: Raymond James, Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863 or via email at prospectus@raymondjames.com, Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, telephone: (800) 326-5897 or via email at cmclientsupport@wellsfargo.com or SunTrust Robinson Humphrey, Attention: Prospectus Department, 3333 Peachtree Road, 11th Floor, Atlanta, Georgia 30326, telephone: (404) 926-5744, or via email at strh.prospectus@suntrust.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Malibu Boats, Inc.

Malibu Boats is a leading designer, manufacturer and marketer of performance sport boats. The Company has two brands of performance sport boats - Malibu and Axis Wake Research. Since inception in 1982, the Company has been a consistent innovator in the powerboat industry, designing products that appeal to an expanding range of recreational boaters and water sports enthusiasts whose passion for boating and water sports is a key aspect of their lifestyle.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "may," "might," "will," "would," "could" or "intend." These forward-looking statements include, without limitation, statements related to the anticipated public offering of shares. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company's filings with the SEC.

CONTACT: Malibu Boats, Inc. Wayne Wilson Chief Financial Officer (865) 458-5478 ICR John Rouleau/Rachel Schacter (203) 682-8200 John.Rouleau@icrinc.com Rachel.Schacter@icrinc.comSource:Malibu Boats