Coliseum Capital Amends MasterCraft Stake Filing
Ticker: MCFT · Form: SC 13D/A · Filed: May 22, 2024 · CIK: 1638290
Sentiment: neutral
Topics: amendment, shareholder-activity, sec-filing
Related Tickers: MCFT
TL;DR
Coliseum Capital updated their MasterCraft stake filing - watch for potential moves.
AI Summary
Coliseum Capital Partners, L.P. and its affiliates, including Coliseum Capital Management, LLC, have filed an amendment (Amendment No. 11) to their Schedule 13D regarding MasterCraft Boat Holdings, Inc. The filing, dated May 22, 2024, indicates a change in their beneficial ownership of the company's common stock. The group includes individuals Adam Gray and Christopher Shackelton.
Why It Matters
This filing signals a potential shift in significant shareholder positions, which could influence MasterCraft's stock performance and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty.
Key Players & Entities
- Coliseum Capital Partners, L.P. (company) — Filing entity
- Coliseum Capital Management, LLC (company) — Affiliated filing entity
- MasterCraft Boat Holdings, Inc. (company) — Subject company
- Adam Gray (person) — Group member
- Christopher Shackelton (person) — Group member
FAQ
What is the specific change in beneficial ownership reported in this amendment?
The filing is an amendment (No. 11) to a Schedule 13D, indicating a change in beneficial ownership, but the exact percentage or number of shares acquired or disposed of is not detailed in the provided header information.
Who are the primary individuals associated with Coliseum Capital in this filing?
Adam Gray and Christopher Shackelton are listed as group members associated with Coliseum Capital.
What is the CUSIP number for MasterCraft Boat Holdings, Inc. common stock?
The CUSIP number for MasterCraft Boat Holdings, Inc. common stock is 57637H103.
When was this amendment filed with the SEC?
This amendment was filed on May 22, 2024.
What is the business address of Coliseum Capital Management, LLC?
The business address for Coliseum Capital Management, LLC is 105 Rowayton Avenue, Rowayton, CT 06853.
Filing Stats: 1,550 words · 6 min read · ~5 pages · Grade level 7.7 · Accepted 2024-05-22 19:29:01
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
- $20.85 — 0/2024 84,257 $ 20.75 $ 20.58 - $20.85 Separate Account Open Market Purchas
- $20.90 — 1/2024 54,356 $ 20.75 $ 20.54 - $20.90 Separate Account Open Market Purchas
- $21.25 — /2024 140,475 $ 20.98 $ 20.62 - $21.25 Separate Account Open Market Purchas
Filing Documents
- d830076dsc13da.htm (SC 13D/A) — 95KB
- 0001193125-24-145185.txt ( ) — 97KB
is supplemented as follows
Item 3 is supplemented as follows: Since the filing of the Last Amendment, the source and amount of funds used in purchasing shares of Common Stock by the Reporting Persons and a separate account investment advisory client of CCM (the Separate Account ) were as follows: Purchaser Source of Funds Amount (1) CCP Working Capital $ 5,823,397.96 Separate Account Working Capital $ 1,433,805.89 (1) Excludes brokerage commissions. Item5. Interest in Securities of the Issuer. (a) (b) The information relating to the beneficial ownership of the Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 16,981,048 shares of Common Stock outstanding as of May 3, 2024, as reported in the Issuers Quarterly Report on Form 10-Q filed with the SEC on May 8, 2024. (c) The Reporting Persons and the Separate Account effected the following transactions in the Common Stock on the dates indicated and such transactions are the only transactions in the Common Stock by the Reporting Persons in the sixty days preceding the date of this Amendment, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less. The reporting person undertakes to provide to the staff of SEC, upon request, full information regarding the number of shares purchased at each separate price within each range of prices set forth in the table below. Name Purchase or Sale Date Number of Shares Weighted Average Price Per Share Range of Prices CCP Open Market Purchase 05/20/2024 84,257 $ 20.75 $ 20.58 - $20.85 Separate Account Open Market Purchase 05/20/2024 20,743 $ 20.75 $ 20.58 - $20.85 CCP Open Market Purchase 05/21/2024 54,356 $ 20.75 $ 20.54 - $20.90 Separate Account Open Market Purchase 05/21/2024 13,426 $ 20.75 $ 20.54
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 22, 2024 COLISEUM CAPITAL MANAGEMENT, LLC ADAM GRAY By: /s/ Chivonne Cassar By: /s/ Chivonne Cassar Chivonne Cassar, Attorney-in-fact Chivonne Cassar, Attorney-in-fact COLISEUM CAPITAL, LLC CHRISTOPHER SHACKELTON By: /s/ Chivonne Cassar By: /s/ Chivonne Cassar Chivonne Cassar, Attorney-in-fact Chivonne Cassar, Attorney-in-fact COLISEUM CAPITAL PARTNERS, L.P. By: Coliseum Capital, LLC, General Partner By: /s/ Chivonne Cassar Chivonne Cassar, Attorney-in-fact