Marine Products deal gives MasterCraft (MCFT) director new share stake
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc. director and reported ten percent owner Timothy Curtis Rollins filed an initial ownership report showing his equity position following the company’s acquisition of Marine Products Corporation. He holds 15,737 shares of common stock directly and 65 shares indirectly through his spouse.
According to the disclosure, these shares were received upon completion of the Marine Products acquisition under an Agreement and Plan of Merger dated as of February 5, 2026. Each share of Marine Products common stock was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock. Rollins disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rollins Timothy Curtis
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,737 shares (Direct);
Common Stock — 65 shares (Indirect, By spouse)
Footnotes (2)
- F1. Consists of 15,737 direct shares and 65 indirect shares of common stock received upon completion of the Issuer's acquisition of Marine Products Corporation ("Marine Products"), pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among the Issuer, Marine Products, Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of the Issuer, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of the Issuer. Upon effectiveness of such merger, each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of the Issuer's common stock, par value $0.01 per share.
- F2. The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.
Key Figures
Direct common shares: 15,737 shares
Indirect common shares: 65 shares
Cash per Marine Products share: $2.43 per share
+1 more
4 metrics
Direct common shares
15,737 shares
Direct MasterCraft common stock holdings reported on Form 3
Indirect common shares
65 shares
Indirect MasterCraft common stock held by spouse
Cash per Marine Products share
$2.43 per share
Cash portion of Marine Products merger consideration
Share exchange ratio
0.232 shares
MasterCraft shares per Marine Products share in merger
Key Terms
Agreement and Plan of Merger, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, indirect shares
4 terms
Agreement and Plan of Merger financial
"received upon completion of the Issuer's acquisition of Marine Products Corporation ("Marine Products"), pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
pecuniary interest financial
"disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Timothy Curtis Rollins report owning in MasterCraft (MCFT)?
Timothy Curtis Rollins reports owning 15,737 shares of MasterCraft common stock directly and 65 shares indirectly through his spouse. These positions reflect equity received in the Marine Products Corporation acquisition rather than open-market trading activity.
Does the Form 3 for MasterCraft (MCFT) show any insider buying or selling?
The Form 3 does not show open-market buying or selling. It reports Rollins’ initial ownership, consisting of shares received in the Marine Products merger, and classifies the entries as holdings rather than purchase or sale transactions.
What is the merger consideration structure tied to Rollins’ MasterCraft (MCFT) holdings?
Each share of Marine Products common stock converted into the right to receive $2.43 in cash, without interest, plus 0.232 shares of MasterCraft common stock. Rollins’ reported MasterCraft holdings stem from this merger consideration formula.