secwatch.observer — SEC 8-K summary
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Issuer:     MasterCraft Boat Holdings, Inc. (MCFT)
CIK:        0001638290
Form:       8-K
Filed at:   2026-05-22T12:30:06+00:00
Accession:  0001193125-26-235547
Event type: litigation
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638290/000119312526235547/0001193125-26-235547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638290/000119312526235547/d127092d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-235547

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