MergerMay 12, 2026, 04:27 PM
MasterCraft Stockholders Approve Merger with Marine Products
AI Summary
MasterCraft Boat Holdings, Inc. announced that its stockholders approved the proposal to issue shares of common stock in connection with the proposed merger with Marine Products Corporation. The special meeting was held on May 12, 2026, with a significant majority voting in favor. Additionally, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on April 6, 2026, satisfying a key closing condition. The company anticipates the merger to close around May 15, 2026.
Key Highlights
- MasterCraft stockholders approved the share issuance for the proposed merger with Marine Products Corporation.
- Proposal 1 (Share Issuance) received 13,740,660 votes For, 6,290 Against, and 19,003 Abstain.
- The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on April 6, 2026.
- The expiration of the HSR waiting period satisfies one of the conditions for the merger's closing.
- The company expects the closing of the mergers to occur on or about May 15, 2026.