Mastercraft Boat Holdings Inc SEC Filings

MasterCraft Boat Holdings has agreed to combine with Marine Products Corporation in a cash-and-stock transaction, creating a broader portfolio of marine brands including MasterCraft, Crest, Balise, Chaparral and Robalo. Marine Products adds a global dealer network of more than 300 partners focused on recreational and sport‑fishing powerboats.

The closing is expected in the second calendar quarter of 2026, subject to approval by both companies’ shareholders and customary closing conditions. Until then, MasterCraft and Marine Products will operate as separate companies, with no immediate changes to employees’ teams, roles or responsibilities.

The message emphasizes continued focus on serving customers and dealers while a dedicated integration planning team is formed. It also highlights that formal transaction details will be provided in a planned Form S-4 registration statement and joint proxy statement/prospectus to be filed with the SEC, along with standard forward‑looking statement cautions.

MasterCraft Boat Holdings agreed to combine with Marine Products Corporation in a stock-and-cash merger. Each Marine Products share will convert into 0.232 shares of MasterCraft common stock plus $2.43 in cash.

The transaction uses a two-step merger structure and requires approvals from both companies’ stockholders, effectiveness of a Form S‑4, Nasdaq listing of new MasterCraft shares, HSR clearance and no material adverse effect. A voting agreement commits specified Marine Products stockholders holding about 69.1% of voting power to support the deal, subject to a 35% cap after any recommendation change.

The MasterCraft board will expand from seven to ten directors, adding three Marine Products–related designees. Mutual termination fees of $11.6 million apply in certain circumstances, and the outside date is August 5, 2026, extendable to November 5, 2026.

MasterCraft Boat Holdings agreed to combine with Marine Products Corporation in a stock-and-cash merger. Each Marine Products share will convert into 0.232 shares of MasterCraft common stock plus $2.43 in cash.

The transaction uses a two-step merger structure and requires approvals from both companies’ stockholders, effectiveness of a Form S‑4, Nasdaq listing of new MasterCraft shares, HSR clearance and no material adverse effect. A voting agreement commits specified Marine Products stockholders holding about 69.1% of voting power to support the deal, subject to a 35% cap after any recommendation change.

The MasterCraft board will expand from seven to ten directors, adding three Marine Products–related designees. Mutual termination fees of $11.6 million apply in certain circumstances, and the outside date is August 5, 2026, extendable to November 5, 2026.

MasterCraft Boat Holdings plans to acquire Marine Products Corporation in a stock-and-cash merger. Each Marine Products share will convert into 0.232 shares of MasterCraft common stock plus $2.43 in cash at closing.

Marine Products will merge into MasterCraft subsidiaries in a two-step structure, becoming an indirect wholly owned unit. Marine Products equity awards will vest or convert under specified terms, with certain restricted stock rolling into MasterCraft awards that add change-in-control protections.

Governance and ownership will shift as MasterCraft expands its board from seven to ten directors and adds three Marine Products–affiliated members. A voting agreement locks in support from Marine Products stockholders controlling about 69.1% of voting power, subject to caps, while a stockholders agreement imposes staged lock-ups and grants board nomination and standstill rights tied to ownership thresholds.

MasterCraft also signed a registration rights agreement allowing affiliated holders to demand resale registrations and underwritten shelf takedowns, with a company option to buy all offered shares at a five-day volume-weighted average price. Separately, MasterCraft amended its credit facility, setting a $75 million revolver maturing in 2031, adding up to $100 million of accordion capacity, revising covenants, and expressly permitting the transaction. An executive severance plan was adopted, providing enhanced cash, equity vesting, and benefits for senior leaders upon certain terminations, particularly around a change in control.

MasterCraft Boat Holdings plans to acquire Marine Products Corporation in a stock-and-cash merger. Each Marine Products share will convert into 0.232 shares of MasterCraft common stock plus $2.43 in cash at closing.

Marine Products will merge into MasterCraft subsidiaries in a two-step structure, becoming an indirect wholly owned unit. Marine Products equity awards will vest or convert under specified terms, with certain restricted stock rolling into MasterCraft awards that add change-in-control protections.

Governance and ownership will shift as MasterCraft expands its board from seven to ten directors and adds three Marine Products–affiliated members. A voting agreement locks in support from Marine Products stockholders controlling about 69.1% of voting power, subject to caps, while a stockholders agreement imposes staged lock-ups and grants board nomination and standstill rights tied to ownership thresholds.

MasterCraft also signed a registration rights agreement allowing affiliated holders to demand resale registrations and underwritten shelf takedowns, with a company option to buy all offered shares at a five-day volume-weighted average price. Separately, MasterCraft amended its credit facility, setting a $75 million revolver maturing in 2031, adding up to $100 million of accordion capacity, revising covenants, and expressly permitting the transaction. An executive severance plan was adopted, providing enhanced cash, equity vesting, and benefits for senior leaders upon certain terminations, particularly around a change in control.

MasterCraft Boat Holdings reported stronger results for the quarter ended December 28, 2025, with net sales rising to $71,759 (dollars in thousands) from $63,368. Gross margin improved to 21.6% from 17.2%, helped by favorable model mix, higher option content, increased unit volumes, and pricing.

Income from continuing operations grew to $2,488 (vs. $426), or $0.15 per diluted share versus $0.03. Adjusted EBITDA increased to $7,454 (dollars in thousands), a 10.4% margin. Six‑month net sales reached $140,761 with income from continuing operations of $6,144.

The company ended the quarter with cash and cash equivalents of $56,229 and short‑term investments of $25,152 (both in thousands), and no long‑term debt, while still repurchasing $2.3 million of stock year‑to‑date. MasterCraft also agreed to acquire Marine Products in a cash‑and‑stock deal expected to close in the first half of calendar 2026 and amended its credit facility, extending revolver maturity to February 5, 2031 with $75.0 million in commitments and up to $100.0 million of accordion capacity.

MasterCraft Boat Holdings reported stronger results for the quarter ended December 28, 2025, with net sales rising to $71,759 (dollars in thousands) from $63,368. Gross margin improved to 21.6% from 17.2%, helped by favorable model mix, higher option content, increased unit volumes, and pricing.

Income from continuing operations grew to $2,488 (vs. $426), or $0.15 per diluted share versus $0.03. Adjusted EBITDA increased to $7,454 (dollars in thousands), a 10.4% margin. Six‑month net sales reached $140,761 with income from continuing operations of $6,144.

The company ended the quarter with cash and cash equivalents of $56,229 and short‑term investments of $25,152 (both in thousands), and no long‑term debt, while still repurchasing $2.3 million of stock year‑to‑date. MasterCraft also agreed to acquire Marine Products in a cash‑and‑stock deal expected to close in the first half of calendar 2026 and amended its credit facility, extending revolver maturity to February 5, 2031 with $75.0 million in commitments and up to $100.0 million of accordion capacity.

MasterCraft Boat Holdings, Inc. filed a current report describing two key developments. First, the company announced financial results for its fiscal 2026 quarter ended December 28, 2025, with details furnished via a press release. Second, MasterCraft and Marine Products Corporation signed an Agreement and Plan of Merger under which MasterCraft will acquire Marine Products through two wholly owned merger subsidiaries. The filing notes a joint press release and an investor presentation explaining the proposed transactions, and explains that a Form S-4 registration statement and a joint proxy statement/prospectus will be prepared for stockholder consideration.

MasterCraft Boat Holdings, Inc. filed a current report describing two key developments. First, the company announced financial results for its fiscal 2026 quarter ended December 28, 2025, with details furnished via a press release. Second, MasterCraft and Marine Products Corporation signed an Agreement and Plan of Merger under which MasterCraft will acquire Marine Products through two wholly owned merger subsidiaries. The filing notes a joint press release and an investor presentation explaining the proposed transactions, and explains that a Form S-4 registration statement and a joint proxy statement/prospectus will be prepared for stockholder consideration.

MasterCraft Boat Holdings (MCFT): insider share sales reported. Forager Fund, L.P., reported open-market sales of MasterCraft common stock coded “S.” On 11/06/2025, it sold 44,981 shares at a weighted average price of $20.50 (transactions ranged from $20.30 to $21.12). On 11/07/2025, it sold 58,066 shares at a weighted average price of $20.37 (range $20.30 to $20.40). On 11/10/2025, it sold 810 shares at a weighted average price of $20.33 (range $20.30 to $20.37).

Following these transactions, the filing shows 1,699,118 shares beneficially owned. The shares are directly held by Forager Fund, L.P.; Forager Capital Management, LLC is its general partner, and Edward Kissel and Robert MacArthur are principals with shared voting and dispositive authority, each disclaiming beneficial ownership beyond any pecuniary interest.

MasterCraft Boat Holdings (MCFT) reported stronger quarterly results. Net sales were $69,002,000, up 5.6% year over year, and gross margin improved to 22.3%, a 420 bps increase. Operating income rose to $3,778,000 from $1,004,000. Income from continuing operations was $3,656,000, or diluted EPS of $0.22, versus $0.06 a year ago. Discontinued operations were a minor loss.

The MasterCraft segment delivered $58.1 million of sales and higher operating income, while the Pontoon segment grew sales to $10.9 million and reduced its operating loss. Cash and cash equivalents were $31.8 million, with $35.6 million in short‑term investments and no long‑term debt; the $100.0 million revolver remained fully available. Free cash flow from continuing operations was negative $10,127,000 as working capital increased. The company repurchased 116,370 shares for $2.3 million, leaving $23.5 million authorized.

MasterCraft Boat Holdings, Inc. furnished an 8‑K announcing financial results for its fiscal 2026 year ended September 28, 2025. The detailed results are provided in a press release furnished as Exhibit 99.1.

The disclosure was made under Item 2.02 (Results of Operations and Financial Condition) and is being furnished, not filed, which limits its treatment under Section 18 of the Exchange Act.

MasterCraft Boat Holdings (MCFT) reported the results of its October 28, 2025 annual meeting. Shareholders elected all seven director nominees to one‑year terms.

Shareholders also ratified Deloitte & Touche LLP as independent auditor for fiscal 2026 with 14,475,417 votes for, 97,569 against, and 7,760 withheld. On an advisory basis, shareholders approved executive compensation with 12,842,607 votes for, 614,197 against, and 16,431 withheld.

MasterCraft Boat Holdings, Inc. discloses board and governance matters, executive compensation design, director nominations and certain corporate practices in its definitive proxy statement. The filing describes eight director nominees for election, the ratification of Deloitte & Touche LLP as independent auditors, and an advisory Say-on-Pay vote for named executive officer compensation. The company explains its compensation framework: roughly 50–74% of CEO target pay and 38–58% of other NEOs' target pay is performance- or variable‑based, with 70% of bonuses tied to financial metrics and 30% tied to strategic metrics. It discloses executive departures and payments: George Steinbarger left in February 2025 (forfeiting most unvested awards and receiving a $102,500 lump sum), and CFO Timothy Oxley stepped down June 30, 2025 with a planned retirement effective December 31, 2025. The proxy also details director benefits (imputed income for boat usage), committee duties, sustainability and safety initiatives 1,000,000 safe hours worked), and significant institutional shareholdings reported by investment managers.