The story
MTD is a successor to Tobias Guitars, established in Orlando, Florida, in April 1977 and sold to Gibson Guitar Corporation in 1990. Following the sale, Tobias moved to Kingston, New York, where he began building basses under the Eclipse name before settling on "MTD" (Michael Tobias Design) for the company name and trademark.
From Wikipedia’s article on Michael Tobias Design, shared under CC BY-SA 4.0.4