SCHEDULE: Coliseum Capital Adjusts MasterCraft Stake Disclosure

Coliseum Capital Management, LLC and affiliated entities have updated their Schedule 13D filing for MasterCraft Boat Holdings, Inc. due to an increase in the issuer's outstanding shares following a transaction with Marine Products Corporation.

Summary

• This filing is an amendment (Amendment No. 16) to a Schedule 13D originally filed on December 30, 2021, concerning MasterCraft Boat Holdings, Inc. (the "Issuer").
• The amendment is filed solely because of an increase in the Issuer's total number of outstanding shares of Common Stock, not due to any new transactions by the Reporting Persons.
• The Reporting Persons include Coliseum Capital Management, LLC, Coliseum Capital, LLC, Coliseum Capital Partners, L.P., Adam Gray, and Christopher Shackelton.
• As of May 15, 2026, the total number of outstanding shares of MasterCraft Boat Holdings, Inc. Common Stock is reported as 24,222,270.
• This figure includes 16,279,890 shares outstanding as of May 7, 2026, and an estimated 7,942,380 shares issued upon the closing of the Issuer's transaction with Marine Products Corporation.
• The estimated shares from the Marine Products transaction are based on 34,234,398 shares of Marine Products' common stock outstanding as of April 24, 2026, multiplied by an exchange ratio of 0.232.
• Coliseum Capital Management, LLC beneficially owns 3,697,422 shares, representing 15.3% of the class.
• Coliseum Capital, LLC and Coliseum Capital Partners, L.P. each beneficially own 3,083,833 shares, representing 12.7% of the class.
• Adam Gray and Christopher Shackelton each beneficially own 3,697,422 shares, representing 15.3% of the class.
• None of the Reporting Persons have engaged in any transactions in the Common Stock in the sixty days preceding this filing.
• No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure update due to share count changes from a prior transaction, not indicating new investment activity or strategic shifts by the reporting persons.

Positives

• The filing indicates a significant stake (15.3% and 12.7%) held by Coliseum Capital entities in MasterCraft Boat Holdings, Inc., suggesting continued investor confidence or strategic interest.
• The increase in outstanding shares is attributed to a completed transaction with Marine Products Corporation, which could signal growth or strategic consolidation within the marine industry.

Negatives

• The filing is an amendment solely due to an increase in outstanding shares, implying no new acquisition or change in strategy by the reporting persons, which might be viewed as a lack of new positive developments from their perspective.

Risks

• The estimation of shares issued in the Marine Products transaction introduces a degree of uncertainty regarding the exact percentage ownership until finalized.
• The reliance on an 'Attorney-in-fact' for signatures may indicate a level of detachment or delegation in the reporting process.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from management regarding future performance. It primarily serves to update beneficial ownership information.

Industry Context

StockSavvy.ai notes that this Schedule 13D amendment reflects a common occurrence in the capital markets where significant shareholders must update their filings due to corporate actions like mergers or acquisitions that alter the total outstanding share count of the issuer. The transaction with Marine Products Corporation suggests ongoing consolidation or strategic activity within the recreational boat manufacturing sector.

Stakeholder Impact

• Shareholders: The update clarifies the ownership structure and the impact of the Marine Products transaction on the total outstanding shares, providing transparency.
• Management of MasterCraft Boat Holdings, Inc.: The filing confirms the continued significant stake held by Coliseum Capital, which may influence board dynamics or strategic discussions.
• Coliseum Capital Management, LLC and affiliated entities: The filing confirms their ongoing beneficial ownership and the basis for their reporting obligations.

Next Steps

• Coliseum Capital Management, LLC and affiliated entities will continue to monitor their beneficial ownership in MasterCraft Boat Holdings, Inc. and will file further amendments to Schedule 13D as required by SEC regulations.

Key Dates

Keywords

MasterCraft Boat Holdings, Schedule 13D, Coliseum Capital Management, Coliseum Capital, Adam Gray, Christopher Shackelton, Marine Products Corporation, SEC Filing, Beneficial Ownership, Common Stock, Amendment, Shareholder