Coliseum updates 15.3% stake in MasterCraft

Coliseum Capital entities amend their Schedule 13D on MasterCraft Boat Holdings to reflect beneficial ownership of 3,697,422 shares, or 15.3% of the common stock.

Rhea-AI Filing Summary

Coliseum Capital entities amend their Schedule 13D on MasterCraft Boat Holdings to reflect beneficial ownership of 3,697,422 shares, or 15.3% of the common stock. Coliseum Capital Management, Adam Gray and Christopher Shackelton each report shared voting and dispositive power over this amount.

Coliseum Capital, LLC and Coliseum Capital Partners, L.P. each report 3,083,833 shares, representing 12.7% of the class. The percentages are based on 24,222,270 shares outstanding as of May 15, 2026, combining 16,279,890 existing shares and an estimated 7,942,380 shares issued as stock consideration in MasterCraft’s transaction with Marine Products Corporation.

The amendment states it is filed solely due to the increase in MasterCraft’s outstanding shares and not because of any transactions by the reporting persons, who report no trades in the common stock during the sixty days preceding the filing.

Key Figures

Coliseum-related beneficial ownership: 3,697,422 shares (15.3%) Coliseum Capital LLC stake: 3,083,833 shares (12.7%) Coliseum Capital Partners L.P. stake: 3,083,833 shares (12.7%) +5 more

8 metrics

Coliseum-related beneficial ownership 3,697,422 shares (15.3%) MasterCraft common stock as of May 15, 2026

Coliseum Capital LLC stake 3,083,833 shares (12.7%) MasterCraft common stock as of May 15, 2026

Coliseum Capital Partners L.P. stake 3,083,833 shares (12.7%) MasterCraft common stock as of May 15, 2026

Shares outstanding 24,222,270 shares MasterCraft common stock outstanding as of May 15, 2026

Pre-transaction outstanding shares 16,279,890 shares MasterCraft common stock from Form 10-Q filed May 7, 2026

Estimated stock consideration 7,942,380 shares Shares issued in Marine Products transaction, based on exchange ratio

Marine Products shares basis 34,234,398 shares Marine Products common stock outstanding as of April 24, 2026

Exchange ratio 0.232 Marine Products shares converted into MasterCraft stock consideration

Key Terms

beneficial ownership, Schedule 13D, Stock Consideration, exchange ratio, +2 more

6 terms

beneficial ownership financial

"The information relating to the beneficial ownership of the Common Stock by each of the Reporting Persons..."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Schedule 13D regulatory

"This Amendment No. 16 (this "Amendment") to the (the "Initial 13D") relating to MasterCraft Boat Holdings, Inc."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Stock Consideration financial

"an estimated 7,942,380 shares of Common Stock (the "Stock Consideration") issued upon the closing of the Issuer's transaction..."

Stock consideration is when a company pays for an acquisition, merger, or other corporate deal by issuing its own shares instead of using cash. It matters to investors because receiving or issuing stock changes who owns what: sellers get a stake in the combined business and existing shareholders see their piece of the company shrink, similar to adding more slices to a pie. That shift affects potential returns, voting control, and future share value.

exchange ratio financial

"multiplied by 0.232, the exchange ratio reported in the Closing 8-K."

The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.

Current Report on Form 8-K regulatory

"reported in the Issuer's Current Report on Form 8-K filed with the SEC on May 15, 2026 (the "Closing 8-K")."

A current report on Form 8-K is a document that publicly traded companies file to promptly share important news or events that could affect their financial position or stock price, such as major business changes or legal issues. It helps investors stay informed about timely developments, allowing them to make better decisions about buying or selling shares.

dispositive power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: 7 Sole Voting Power 0.00 8 Shared Voting Power 3,697,422.00 9 Sole Dispositive Power 0.00 10 Shared Dispositive Power 3,697,422.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in MasterCraft (MCFT) does Coliseum report in this filing?

Coliseum-related reporting persons disclose beneficial ownership of 3,697,422 MasterCraft shares, equal to 15.3% of the common stock. This reflects shared voting and dispositive power over the stake, without any sole voting or dispositive authority reported in the document.

How many MasterCraft (MCFT) shares are outstanding according to this Schedule 13D/A?

The filing calculates 24,222,270 MasterCraft common shares outstanding as of May 15, 2026. This combines 16,279,890 previously outstanding shares with an estimated 7,942,380 shares issued as stock consideration in a transaction with Marine Products Corporation.

What stake do Coliseum Capital, LLC and Coliseum Capital Partners, L.P. hold in MasterCraft (MCFT)?

Coliseum Capital, LLC and Coliseum Capital Partners, L.P. each report beneficial ownership of 3,083,833 MasterCraft shares, representing 12.7% of the common stock. They report zero sole voting or dispositive power and identical shared voting and dispositive power over these shares.

Why was this Amendment No. 16 to the MasterCraft (MCFT) Schedule 13D filed?

The amendment was filed solely due to an increase in MasterCraft’s total outstanding shares following a transaction with Marine Products Corporation. The filing states it was not triggered by any purchases or sales by the reporting persons.

Did Coliseum or related reporting persons trade MasterCraft (MCFT) stock before this amendment?

The filing states that none of the reporting persons or the Separate Account effected any transactions in MasterCraft common stock in the sixty days before the amendment. The update instead reflects changes in the issuer’s total shares outstanding.

How was the stock consideration from the Marine Products transaction for MasterCraft (MCFT) calculated?

Estimated stock consideration of 7,942,380 MasterCraft shares was calculated by multiplying 34,234,398 Marine Products shares outstanding as of April 24, 2026 by an exchange ratio of 0.232, as reported in MasterCraft’s closing Form 8-K.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 04:29 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 16)

MasterCraft Boat Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

57637H103

(CUSIP Number)

Christopher Shackelton
105 Rowayton Avenue,
Rowayton, CT, 06853
203-883-0100

Adam Gray
105 Rowayton Avenue,
Rowayton, CT, 06853
203-883-0100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/15/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 57637H103

1

Name of reporting person

Coliseum Capital Management, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,697,422.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,697,422.00

11

Aggregate amount beneficially owned by each reporting person

3,697,422.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

15.3 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 57637H103

1

Name of reporting person

Coliseum Capital, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,083,833.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,083,833.00

11

Aggregate amount beneficially owned by each reporting person

3,083,833.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 57637H103

1

Name of reporting person

Coliseum Capital Partners, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,083,833.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,083,833.00

11

Aggregate amount beneficially owned by each reporting person

3,083,833.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.7 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 57637H103

1

Name of reporting person

Adam Gray

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,697,422.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,697,422.00

11

Aggregate amount beneficially owned by each reporting person

3,697,422.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

15.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 57637H103

1

Name of reporting person

Christopher Shackelton

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,697,422.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,697,422.00

11

Aggregate amount beneficially owned by each reporting person

3,697,422.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

15.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: MasterCraft Boat Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 100 Cherokee Cove Drive, Vonore, TENNESSEE , 37885.
Item 1 Comment: This Amendment No. 16 (this "Amendment") to the Schedule 13D (the "Initial 13D") relating to MasterCraft Boat Holdings, Inc. (the "Issuer"), filed by the Reporting Persons with the Securities and Exchange Commission (the "SEC") on December 30, 2021, as amended and supplemented by Amendment No.1 to the Initial 13D filed on May 5, 2022, Amendment No. 2 to the Initial 13D filed on September 12, 2022, Amendment No. 3 to the Initial 13D filed on February 10, 2023, Amendment No. 4 to the Initial 13D filed on February 21, 2023, Amendment No. 5 to the Initial 13D filed on March 24, 2023, Amendment No. 6 to the Initial 13D filed on September 1, 2023, Amendment No. 7 to the Initial 13D filed on September 6, 2023, Amendment No. 8 to the Initial 13D filed on September 29, 2023, Amendment No. 9 to the Initial 13D filed on April 12, 2024, Amendment No. 10 to the Initial 13D filed on May 10, 2024, Amendment No. 11 to the Initial 13D filed on May 22, 2024, Amendment No. 12 to the Initial 13D filed on June 10, 2024, Amendment No. 13 to the Initial 13D filed on June 17, 2024, Amendment No. 14 to the Initial 13D filed on December 30, 2024 and Amendment No. 15 to the Initial 13D filed on December 22, 2025, amends and supplements certain of the items set forth therein. This Amendment is being filed solely due to an increase in the Issuer's total number of outstanding shares of Common Stock and not as a result of any transactions by the Reporting Persons.
Item 3.	Source and Amount of Funds or Other Consideration
	Not applicable.
Item 5.	Interest in Securities of the Issuer
(a)	The information relating to the beneficial ownership of the Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 24,222,270 shares of Common Stock outstanding as of May 15, 2026, which is the sum of (i) 16,279,890 shares of Common Stock outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 7, 2026 and (ii) an estimated 7,942,380 shares of Common Stock (the "Stock Consideration") issued upon the closing of the Issuer's transaction with Marine Products Corporation ("Marine Products") reported in the Issuer's Current Report on Form 8-K filed with the SEC on May 15, 2026 (the "Closing 8-K"). The Stock Consideration estimation is based on 34,234,398 shares of Marine Products' common stock outstanding as of April 24, 2026, as reported in Marine Products' Quarterly Report on Form 10-Q filed with the SEC on May 8, 2026, multiplied by 0.232, the exchange ratio reported in the Closing 8-K.
(b)	The information relating to the beneficial ownership of the Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein.
(c)	None of the Reporting Persons nor the Separate Account has effected any transactions in the Common Stock in the sixty days preceding the filing of this Amendment.
(d)	Except as set forth in Item 6 hereof, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein.
(e)	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Coliseum Capital Management, LLC

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar / Attorney-in-fact
Date:	05/19/2026

Coliseum Capital, LLC

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar / Attorney-in-fact
Date:	05/19/2026

Coliseum Capital Partners, L.P.

Signature:	by: Coliseum Capital, LLC, its General Partner, /s/ Chivonne Cassar
Name/Title:	Chivonne Cassar / Attorney-in-fact
Date:	05/19/2026

Adam Gray

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar / Attorney-in-fact
Date:	05/19/2026

Christopher Shackelton

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar / Attorney-in-fact
Date:	05/19/2026

Comments accompanying signature:

Executed by Chivonne Cassar pursuant to a Power of Attorney which is incorporated herein by reference to Exhibit 99.1 to the Amendment No. 10 to Schedule 13D filed by Coliseum Capital Management, LLC on May 10, 2024.