MasterCraft settles stockholder lawsuit over director removal provision; pays $425k in fees

MasterCraft Boat Holdings, Inc.

Plaintiff filed class action on Feb 11, 2026, challenging stockholders agreement provision requiring consent to remove certain director nominees.
Company amended agreement on March 11, 2026, removing challenged provision; also filed certificate of correction on March 10, 2026.
Plaintiff agreed claims were mooted; company agreed to pay $425,000 in attorneys' fees and expenses to avoid further litigation.
Court entered order closing the action on May 19, 2026, subject to company filing affidavit confirming notice issuance.
Company denies all allegations and did not admit liability; payment was to minimize expense and distraction.

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