SCHEDULE: Coliseum Capital Discloses 5.5% Stake in MasterBrand

Coliseum Capital Management, LLC and its affiliates have disclosed a 5.5% beneficial ownership stake in MasterBrand, Inc. common stock.

Summary

• Coliseum Capital Management, LLC (CCM) and its affiliates, including Coliseum Capital LLC (CC), Coliseum Capital Partners, L.P. (CCP), Adam Gray, and Christopher Shackelton, have filed a Schedule 13G.
• CCM, Adam Gray, and Christopher Shackelton each beneficially own 6,960,829 shares of MasterBrand, Inc. common stock, representing 5.5% of the class.
• CC and CCP each beneficially own 5,700,896 shares of MasterBrand, Inc. common stock, representing 4.5% of the class.
• The ownership percentages are calculated based on an assumed total of 126,730,924 shares of Common Stock issued and outstanding as of August 1, 2025, as reported in MasterBrand's Quarterly Report on Form 10-Q filed on August 6, 2025.
• The Reporting Persons have shared voting power and shared dispositive power over their respective shares, with no sole voting or sole dispositive power.
• The filing is made under Rule 13d-1(c), indicating a passive investment intent.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) indicating a passive investment by Coliseum Capital Management and its affiliates in MasterBrand, Inc. It does not contain operational or financial performance data, thus the sentiment is neutral regarding the company's business, but the entry of a notable investor could be seen as a positive signal.

Positives

• A significant institutional investor, Coliseum Capital, has taken a notable stake in MasterBrand, Inc., which could be interpreted as a vote of confidence in the company.
• The filing indicates a passive investment intent, suggesting no immediate activist agenda from the reporting persons.

Risks

• The filing itself does not detail operational or financial risks related to MasterBrand, Inc.'s business.
• The certification within the filing states that the securities were not acquired for the purpose of changing or influencing the control of the issuer, mitigating immediate activist risk from this specific filing.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence in the company's prospects.

Key Dates

Keywords

MasterBrand Inc, Common Stock, Coliseum Capital Management, Coliseum Capital, Adam Gray, Christopher Shackelton, Schedule 13G, Beneficial Ownership, Institutional Investor, Passive Investment