{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-039497","form_type":"8-K","ticker":"MCFT","cik":"0001638290","company_name":"MasterCraft Boat Holdings, Inc.","filed_at":"2026-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.716567+00:00","generated_at":"2026-05-16T04:27:45.090759+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"MasterCraft to acquire Marine Products for $2.43 cash and 0.232 shares per share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-039497","json":"https://secwatch.observer/filing/0001193125-26-039497.json","markdown":"https://secwatch.observer/filing/0001193125-26-039497.md","text":"https://secwatch.observer/filing/0001193125-26-039497.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1638290/000119312526039497/0001193125-26-039497-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1638290/000119312526039497/d55833d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:27:45.090759+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b966dd4a39dcd37fc767905ba70722827add80fc","claim":"MasterCraft Boat Holdings, Inc. entered into Agreement and Plan of Merger with Marine Products Corporation (effective 2026-02-05).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1638290/000119312526039497/0001193125-26-039497-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Marine Products Corporation"},{"label":"Effective","value":"2026-02-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}