A movable cleat assembly is provided. The movable cleat includes a support base, a face plate positioned adjacent the support base and a retractable cleat. The retractable cleat includes a handle portion and at least one leg extending through the support base and the face plate. The face plate further includes an edge that is adapted to deform or otherwise embed a portion of itself into a boat when installed. At least one of the support base and face plate includes at least one tube to receive the leg therein. The at least one tube is composed of a corrosion-proof material.