8-K
filed May 22, 2026, 8:30 AM ET
ticker MCFT
CIK 0001638290
litigation
confidence high
sentiment neutral
materiality 0.35
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.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001193125-26-235547
- form_type
- 8-K
- ticker
- MCFT
- cik
- 0001638290
- company_name
- MasterCraft Boat Holdings, Inc.
- filed_at
- 2026-05-22T12:30:06+00:00
- discovered_at
- 2026-05-22T12:35:00.510133+00:00
- generated_at
- 2026-05-22T12:41:10.242940+00:00
- sec_items
- ["8.01"]
- event_type
- litigation
- sentiment
- neutral
- materiality_score
- 0.35
- calibrated_materiality_score
- 0.35
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001193125-26-235547
- json_url
- https://secwatch.observer/filing/0001193125-26-235547.json
- markdown_url
- https://secwatch.observer/filing/0001193125-26-235547.md
- text_url
- https://secwatch.observer/filing/0001193125-26-235547.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1638290/000119312526235547/0001193125-26-235547-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1638290/000119312526235547/d127092d8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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