MCFT · MasterCraft Boat Holdings, Inc.

MasterCraft Boat Holdings, Inc. announced the completion of its merger with Marine Products Corporation on May 15, 2026, marking a transformative acquisition that integrates leading recreational marine brands including Chaparral and Robalo into MasterCraft's portfolio alongside Crest and Balise. Marine Products shareholders received 0.232 shares of MasterCraft common stock and $2.43 in cash per share, with exceptions for treasury shares, dissenting shares, and specific employee restricted stock awards; no fractional shares were issued, with cash payments provided instead. This structure ensures a clean integration without dilutive fractional ownership. Concurrently, MasterCraft entered into a Stockholders Agreement with Specified Stockholders, imposing transfer restrictions, governance rights including director nominations (Timothy Rollins as Family Designee and Callum Macgregor as Independent Designee while ownership exceeds thresholds), and standstill provisions until the earlier of the second anniversary or ownership below 15%. A Registration Rights Agreement with LOR, Inc. grants resale rights starting 120 days post-closing and piggyback rights. The MasterCraft board expanded to ten members by adding the three Director Designees, enhancing strategic oversight with Marine Products expertise. Post-merger, Marine Products stock delisted from NYSE. CEO Brad Nelson highlighted complementary brands, dealer networks, and innovation platform strengthening, positioning the combined entity for expanded market reach and operational scale. Exhibits 2.1, 10.1, 10.2, and 99.1 provide full agreement details and press release.