MasterCraft to acquire Marine Products for $2.43 cash and 0.232 shares per share

MasterCraft Boat Holdings, Inc.

Merger consideration: each Marine Products share converts to 0.232 MasterCraft shares plus $2.43 cash.
Voting agreement covers ~69.1% of Marine Products shares; termination fee $11.6M if deal fails.
MasterCraft board expands from 7 to 10 members; adds Timothy Rollins, Callum Macgregor, Stephen Lewis.
Credit facility amended: $75M revolver, maturity extended to 2031, plus $100M accordion.
New Executive Severance Plan provides 2x salary CEO, 1.5x other execs on change-in-control termination.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MasterCraft Boat Holdings, Inc. entered into Agreement and Plan of Merger with Marine Products Corporation (effective 2026-02-05).

Action: entry
Agreement: merger
Counterparty: Marine Products Corporation
Effective: 2026-02-05

Exact text from the filing

MasterCraft Boat Holdings, Inc., a Delaware corporation (“MasterCraft”), Titan Merger Sub 1, Inc., a Delaware corporation and a direct wholly owned subsidiary of MasterCraft (“Merger Sub I”), Titan Merger Sub 2, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of MasterCraft (“Merger Sub II”), and Marine Products Corporation, a Delaware corporation (“Marine Products”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).

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MasterCraft Boat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-039497

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