MasterCraft issued a supplement to its Joint Proxy Statement/Prospectus for the Marine Products merger to address stockholder lawsuits alleging disclosure deficiencies, without admitting liability.
Key takeaways
MasterCraft entered Merger Agreement with Marine Products on February 5, 2026, involving two-step merger structure.
Joint Proxy Statement/Prospectus mailed to stockholders on or about April 6, 2026, after SEC effectiveness on March 27, 2026.
Two New York lawsuits filed April 22, 2026, by Marine Products stockholders seeking to enjoin mergers over alleged misrepresentations.
Supplement adds disclosures on director interests, merger background, and financial advisor analyses to moot litigation claims.
MasterCraft board unanimously recommends voting FOR share issuance and adjournment proposals.