The invention relates to a mounting assembly for a pole, such as a pole light conventionally carried by a stern of boat hulls. The mounting assembly provides for the use of a ratchet mechanism having a pair of cooperating members, with the pole being secured to one of the ratchet members. A bracket secures the ratchet mechanism to a stable body, such as the hull of a ship, or the housing of a motor. The pole can be positioned in any of a plurality of selected positions by rotating the pole against the engagement of the ratchet teeth between the two members. A spring continuously pulls one ratchet member against the second ratchet member, preventing disengagement thereof, while allowing a limited lateral movement between the ratchet members.