MasterCraft completes acquisition of Marine Products; creates diversified marine portfolio

MasterCraft Boat Holdings, Inc.

Each MPX share converted into $2.43 cash plus 0.232 MCFT shares; MPX ceased trading on NYSE.
Board expanded from 7 to 10 directors; added Timothy Rollins, Callum Macgregor, Stephen E. Lewis.
Combined company brands: MasterCraft, Crest, Balise, Chaparral, and Robalo across coastal and inland markets.
Stockholders agreement gives Specified Stockholders director nomination rights and standstill restrictions.
Pro forma financials to be filed by amendment no later than 71 days after closing.

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