MasterCraft Boat Holdings, Inc. — fact timeline

MasterCraft Boat Holdings, Inc. completed an acquisition involving Marine Products Corporation for 0.232 shares of MasterCraft common stock and $2.43 in cash (closed 2026-05-15).

“First Effective Time, except for shares held by MasterCraft or Marine Products, or their direct or indirect subsidiaries was converted automatically into the right to receive (i) 0.232 shares of MasterCraft common stock and (ii) $2.43 in cash, without interest (the “Merger Consideration”). Merger Consideration was not paid with respect to (i) shares of Marine”

Stephen E. Lewis was appointed as Director at MasterCraft Boat Holdings, Inc..

“The three vacancies on the MasterCraft Board were filled by the addition of Mr. Rollins, Mr. Macgregor and Stephen E. Lewis (collectively, the “Director Designees”) to the MasterCraft Board, each of whom will hold office until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal.”

Callum Macgregor was appointed as Director at MasterCraft Boat Holdings, Inc..

“The three vacancies on the MasterCraft Board were filled by the addition of Mr. Rollins, Mr. Macgregor and Stephen E. Lewis (collectively, the “Director Designees”) to the MasterCraft Board, each of whom will hold office until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal.”

Timothy Rollins was appointed as Director at MasterCraft Boat Holdings, Inc..

“The three vacancies on the MasterCraft Board were filled by the addition of Mr. Rollins, Mr. Macgregor and Stephen E. Lewis (collectively, the “Director Designees”) to the MasterCraft Board, each of whom will hold office until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal.”

MasterCraft Boat Holdings, Inc. shareholders approved Approval of the issuance of shares of common stock in connection with the First Merger pursuant to the Merger Agreement at the 2026-05-12 meeting.

“Proposal 1: The stockholders approved a proposal for the Company to issue shares of its common stock (the “Share Issuance Proposal”) in connection with the First Merger pursuant to the Merger Agreement, by the following vote: For Against Abstain 13,740,660 6,290 19,003”

MasterCraft Boat Holdings, Inc. reported fiscal 2026 third quarter ended March 29, 2026 results: revenue $78.2 million, net income ($0.7) million, EPS ($0.04) per diluted share. Guidance reaffirmed.

“Net sales for the third quarter were $78.2 million, up $2.2 million, or 3.0%, from the comparable prior-year period”

MasterCraft Boat Holdings, Inc. entered into Agreement and Plan of Merger with Marine Products Corporation (effective 2026-02-05).

“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”).”

Scott Kent was appointed as Chief Financial Officer at MasterCraft Boat Holdings, Inc..

“Scott Kent, Vice President of Finance, will succeed Mr. Oxley as CFO, effective July 1, 2025.”

Timothy M. Oxley resigned as Chief Financial Officer at MasterCraft Boat Holdings, Inc..

“Timothy M. Oxley, Chief Financial Officer (“CFO”) of MasterCraft Boat Holdings, Inc. (the “Company”) announced his resignation as CFO, effective June 30, 2025”

George Steinbarger departed as President of Pontoon segment at MasterCraft Boat Holdings, Inc..

“On February 24, 2025, MasterCraft Boat Holdings, Inc. (the “Company”) announced that current President of the Company’s Pontoon segment, George Steinbarger, departed the Company effective February 24,2025.”

MasterCraft Boat Holdings, Inc. completed a disposition involving RMI Holdings, Inc. for $26.1 million (closed 2024-12-23).

“MasterCraft Boat Company, LLC, a wholly owned subsidiary of MasterCraft Boat Holdings, Inc., completed its previously announced sell of certain real property located in Merritt Island, Florida to RMI Holdings, Inc. for proceeds, net of closing costs, of $26.1 million.”

MasterCraft Boat Holdings, Inc. completed a disposition involving Cruisers Yachts, a subsidiary of MarineMax, Inc. (closed 2024-10-18).

“On October 18, 2024, MasterCraft Boat Holdings, Inc. (the “Company”) completed its previously announced asset exchange, pursuant to which it transferred ownership of its Aviara brand (including all commercial and operational assets relating to Aviara’s product line) to Cruisers Yachts, a subsidiary of MarineMax, Inc.”

MasterCraft Boat Holdings, Inc. reported full year fiscal 2024 results: revenue $360 million and $365 million, EPS $0.95 and $1.05. Guidance lowered.

“Consolidated net sales is now expected to be between $360 million and $365 million, with Adjusted EBITDA between $28 million and $30 million, and Adjusted Earnings per share between $0.95 and $1.05.”

MasterCraft Boat Holdings, Inc. reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $95.7 million, net income $3.8 million, EPS $0.23 per diluted share.

“Overview: ▪ Net sales for the third quarter were $95.7 million, down 42.6% from the prior-year period ▪ Net income from continuing operations was $3.8 million, or $0.23 per diluted share ▪ Diluted Adjusted Net Income per share, a non-GAAP measure, was $0.37, down 72.8% from the prior-year period”

Rock Lambert was appointed as Chairman of the Board at MasterCraft Boat Holdings, Inc..

“Rock Lambert, the Company’s Lead Independent Director, will assume the role of Chairman of the Board, effective July 1, 2024”

Brad Nelson was appointed as Chief Executive Officer at MasterCraft Boat Holdings, Inc..

“the Company appointed Brad Nelson as Chief Executive Officer, effective March 18, 2024”

Frederick Brightbill retired as Chairman of the Board at MasterCraft Boat Holdings, Inc..

“and as Chairman of the Company’s Board of Directors (the “Board”), effective June 30, 2024”

Frederick Brightbill retired as Chief Executive Officer at MasterCraft Boat Holdings, Inc..

“Frederick Brightbill, Chief Executive Officer and Chairman of the Board of Directors of MasterCraft Boat Holdings, Inc. (the “Company”) announced his retirement as Chief Executive Officer of the Company, effective March 18, 2024”

MasterCraft Boat Holdings, Inc. reported its fiscal 2024 second quarter ended December 31, 2023 results: revenue $99.5 million, net income $5.9 million, EPS $0.35 per diluted share. Guidance reaffirmed.

“quarter ended December 31, 2023. The highlights, commentary, and results provided herein relate to our continuing operations. Highlights: ▪ Net sales for the second quarter was $99.5 million, down 37.5% from the prior-year period ▪ Net income from continuing operations was $5.9 million, or $0.35 per diluted share ▪ Diluted Adjusted Net Income per share, a non-GAAP”

Stephan Cloutier departed as President of Aviara at MasterCraft Boat Holdings, Inc..

“On December 11, 2023, MasterCraft Boat Holdings, Inc. (the “Company”) announced that Mr. Stephan Cloutier, President of Aviara, and the Company parted ways effective December 11, 2023.”

MasterCraft Boat Holdings, Inc. reported first quarter fiscal 2024 ended October 1, 2023 results: revenue $104.2 million, net income $7.1 million, EPS $0.41 per diluted share. Guidance reaffirmed.

“operations, which excludes our former NauticStar segment. Results for NauticStar are reported as discontinued operations. ▪ Net sales for the first quarter decreased to $104.2 million, down 38.5% from the prior-year period. ▪ Net income from continuing operations was $7.1 million, or $0.41 per diluted share. ▪ Diluted Adjusted Net Income per share, a non-GAAP”

MasterCraft Boat Holdings, Inc. shareholders approved Advisory approval of compensation of named executive officers at the 2023-10-17 meeting.

“Proposal 3 : The Company's stockholders approved, on an advisory basis, the compensation of the Company's name executive officers. The voting results are set forth below. For Against Withheld 14,105,166 133,243 5,420”

MasterCraft Boat Holdings, Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2024 at the 2023-10-17 meeting.

“Proposal 2 : The Company's stockholders ratified the appointment of Deloitte & Touche LLP to serve as the Company's independent registered accounting firm for the fiscal year 2024. The voting results are set forth below. For Against Withheld 14,928,389 5,150 2,942”

MasterCraft Boat Holdings, Inc. shareholders approved Election of eight nominees to serve a one-year term expiring at the 2024 annual meeting of stockholders at the 2023-10-17 meeting.

“On October 17, 2023, MasterCraft Boat Holdings, Inc. (the "Company") held its annual meeting of stockholders. At the annual meeting, three proposals were submitted to the Company's stockholders. The final voting results were as follows: Proposal 1 : The Company's stockholders elected the eight nominees named in the Company's Proxy Statement for the annual meeting to serve a one-year term expiring at the Company's 2024 annual meeting of stockholders. The voting results are set forth below. Nominees For Against Withheld Non-Votes W. Patrick Battle 14,133,535 90,031 20,263 692,652 Jaclyn Baumgarten 14,138,608 102,018 3,203 692,652 Frederick A. Brightbill 13,996,605 243,997 3,227 692,652 Donald C. Campion 13,905,505 335,111 3,213 692,652 Jennifer Deason 14,167,335 72,399 4,095 692,652 Roch Lambert 13,809,904 430,692 3,233 692,652 Peter G. Leemputte 14,151,547 88,970 3,312 692,652 Kamilah Mitchell-Thomas 14,151,993 71,593 20,243 692,652”

MasterCraft Boat Holdings, Inc. reported fiscal 2023 year ended June 30, 2023 results: revenue $662.0 million, net income $90.5 million, or $5.09 per diluted share.

“period ▪ Share repurchases of $7.0 million during the quarter Full Year Highlights: ▪ The most profitable fiscal year in the Company's history. ▪ Net sales increased to $662.0 million, up 3.2% from the prior-year period ▪ Net income from continuing operations was $90.5 million, or $5.09 per diluted share, up 2.9% and 7.8%, respectively, from the prior-year”

MasterCraft Boat Holdings, Inc. reported its fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $166.6 million, net income $23.1 million, or $1.32 per diluted share.

“our continuing operations, which exclude the NauticStar segment results reported as discontinued operations. Fourth Quarter Highlights: ▪ Net sales for the fourth quarter were $166.6 million, down 15.5% from the prior-year period ▪ Net income from continuing operations was $23.1 million, or $1.32 per diluted share, down 31.2% and 28.6%, respectively, from the”

Patrick May departed as President of Crest at MasterCraft Boat Holdings, Inc..

“announced that Patrick May, the President of Crest, will retire from the Company on June 30, 2023.”

MasterCraft Boat Holdings, Inc. reported full year fiscal 2023 results: revenue approximately $656 million, EPS approximately $5.05. Guidance raised.

“For full year fiscal 2023, consolidated net sales is now expected to be approximately $656 million, with Adjusted EBITDA of approximately $125 million, and Adjusted Earnings per share of approximately $5.05.”

MasterCraft Boat Holdings, Inc. reported fiscal 2023 third quarter ended April 2, 2023 results: revenue $166.8 million, net income $22.8 million, EPS $1.28 per diluted share.

“Net sales for the third quarter were $166.8 million, down 1.5% from the prior-year period ▪ Net income from continuing operations was $22.8 million, or $1.28 per diluted share, down 6.3% and 2.3%, respectively, from the prior-year period”

MasterCraft Boat Holdings, Inc. reported fiscal 2023 second quarter ended January 1, 2023 results: revenue $159.2 million, net income $20.0 million, EPS $1.12 per diluted share. Guidance raised.

“MasterCraft Boat Holdings, Inc. reported consolidated net sales of $159.2 million”

MasterCraft Boat Holdings, Inc. reported fiscal 2023 first quarter ended October 2, 2022 results: revenue $169.5 million, net income $24.6 million, EPS $1.37 per diluted share. Guidance raised.

“as discontinued operations. ▪ Eighth consecutive period-over-period record-setting quarter for both net sales and earnings ▪ Record net sales for the first quarter increased to $169.5 million, up 29.7% from the prior-year period ▪ Record net income from continuing operations was $24.6 million, or $1.37 per diluted share ▪ Record Diluted Adjusted Net Income per share,”

Kamilah Mitchell-Thomas was appointed as Director at MasterCraft Boat Holdings, Inc..

“On October 11, 2022, MasterCraft Boat Holdings, Inc. ("MasterCraft") announced that Kamilah Mitchell-Thomas will join MasterCraft's Board of Directors, effective November 15, 2022.”

Scott Womack departed as President of NauticStar at MasterCraft Boat Holdings, Inc..

“On February 22, 2022, MasterCraft Boat Holdings, Inc. (the “Company”) announced that Mr. Scott Womack, President of NauticStar, and the Company parted ways effective February 16, 2022.”