0001193125-24-158502.txt : 20240610 0001193125-24-158502.hdr.sgml : 20240610 20240610195625 ACCESSION NUMBER: 0001193125-24-158502 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240610 DATE AS OF CHANGE: 20240610 GROUP MEMBERS: ADAM GRAY GROUP MEMBERS: CHRISTOPHER SHACKELTON GROUP MEMBERS: COLISEUM CAPITAL PARTNERS, L.P. GROUP MEMBERS: COLISEUM CAPITAL, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MasterCraft Boat Holdings, Inc. CENTRAL INDEX KEY: 0001638290 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 061571747 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89395 FILM NUMBER: 241034377 BUSINESS ADDRESS: STREET 1: 100 CHEROKEE COVE DRIVE CITY: VONORE STATE: TN ZIP: 37855 BUSINESS PHONE: (423) 884-2221 MAIL ADDRESS: STREET 1: 100 CHEROKEE COVE DRIVE CITY: VONORE STATE: TN ZIP: 37855 FORMER COMPANY: FORMER CONFORMED NAME: MCBC Holdings, Inc. DATE OF NAME CHANGE: 20150331 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Coliseum Capital Management, LLC CENTRAL INDEX KEY: 0001409751 ORGANIZATION NAME: IRS NUMBER: 223918079 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 105 ROWAYTON AVENUE CITY: ROWAYTON STATE: CT ZIP: 06853 BUSINESS PHONE: 203-883-0100 MAIL ADDRESS: STREET 1: 105 ROWAYTON AVENUE CITY: ROWAYTON STATE: CT ZIP: 06853 SC 13D/A 1 d846258dsc13da.htm SC 13D/A SC 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 12)*

 

 

MASTERCRAFT BOAT HOLDINGS, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

57637H103

(CUSIP Number)

Christopher Shackelton/Adam Gray

105 Rowayton Avenue

Rowayton, CT 06853

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 6, 2024

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box. ☐

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


 1.    

 Names of reporting persons.

 

 Coliseum Capital Management, LLC

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 Delaware

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.  

 Shared voting power

 

 3,073,973

    9.  

 Sole dispositive power

 

 0

   10.  

 Shared dispositive power

 

 3,073,973

11.    

 Aggregate amount beneficially owned by each reporting person

 

 3,073,973

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 18.1%

14.  

 Type of reporting person (see instructions)

 

 IA


 1.    

 Names of reporting persons.

 

 Coliseum Capital, LLC

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 Delaware

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.  

 Shared voting power

 

 2,580,382

    9.  

 Sole dispositive power

 

 0

   10.  

 Shared dispositive power

 

 2,580,382

11.    

 Aggregate amount beneficially owned by each reporting person

 

 2,580,382

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 15.2%

14.  

 Type of reporting person (see instructions)

 

 OO


 1.    

 Names of reporting persons.

 

 Coliseum Capital Partners, L.P.

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 WC

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 Delaware

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.  

 Shared voting power

 

 2,580,382

    9.  

 Sole dispositive power

 

 0

   10.  

 Shared dispositive power

 

 2,580,382

11.    

 Aggregate amount beneficially owned by each reporting person

 

 2,580,382

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 15.2%

14.  

 Type of reporting person (see instructions)

 

 PN


 1.    

 Names of reporting persons.

 

 Adam Gray

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 United States

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.  

 Shared voting power

 

 3,073,973

    9.  

 Sole dispositive power

 

 0

   10.  

 Shared dispositive power

 

 3,073,973

11.    

 Aggregate amount beneficially owned by each reporting person

 

 3,073,973

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 18.1%

14.  

 Type of reporting person (see instructions)

 

 IN


 1.    

 Names of reporting persons.

 

 Christopher Shackelton

 2.  

 Check the appropriate box if a member of a group (see instructions)

 (a) ☐  (b) ☒

 

 3.  

 SEC use only

 

 4.  

 Source of funds (see instructions)

 

 AF

 5.  

 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

 ☐

 6.  

 Citizenship or place of organization

 

 United States

Number of

shares

 beneficially 

owned by

each

reporting

person

with

 

    7.    

 Sole voting power

 

 0

    8.  

 Shared voting power

 

 3,073,973

    9.  

 Sole dispositive power

 

 0

   10.  

 Shared dispositive power

 

 3,073,973

11.    

 Aggregate amount beneficially owned by each reporting person

 

 3,073,973

12.  

 Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

 ☐

13.  

 Percent of class represented by amount in Row (11)

 

 18.1%

14.  

 Type of reporting person (see instructions)

 

 IN


Explanatory Note: This Amendment No. 12 (this “Amendment”) to the Schedule 13D (the “Initial 13D”) relating to MasterCraft Boat Holdings, Inc. (the “Issuer”), filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on December 30, 2021, as amended and supplemented by Amendment No.1 to the Initial 13D filed on May 5, 2022, Amendment No. 2 to the Initial 13D filed on September 12, 2022, Amendment No. 3 to the Initial 13D filed on February 10, 2023, Amendment No. 4 to the Initial 13D filed on February 21, 2023, Amendment No. 5 to the Initial 13D filed on March 24, 2023, Amendment No. 6 to the Initial 13D filed on September 1, 2023, Amendment No. 7 to the Initial 13D filed on September 6, 2023, Amendment No. 8 to the Initial 13D filed on September 29, 2023, Amendment No. 9 to the Initial 13D filed on April 12, 2024, Amendment No. 10 to the Initial 13D filed on May 10, 2024 and Amendment No. 11 to the Initial 13D filed on May 22, 2024 (the “Last Amendment”), amends and supplements certain of the items set forth therein.

As used in this Amendment, the term “Reporting Persons” collectively refers to:

 

   

Coliseum Capital Management, LLC, a Delaware limited liability company (“CCM”);

 

   

Coliseum Capital, LLC, a Delaware limited liability company (“CC”);

 

   

Coliseum Capital Partners, L.P., a Delaware limited partnership (“CCP”);

 

   

Adam Gray (“Gray”); and

 

   

Christopher Shackelton (“Shackelton”).

 

Item 3.

Source and Amount of Funds or Other Consideration.

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      $ 3,398,460.10  

Separate Account

     Working Capital      $ 841,741.89  

 

(1)

Excludes brokerage commissions.

 

Item 5.

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 Issuer’s 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
     05/23/2024        67,319      $ 20.27      $ 20.08 - $20.55  

Separate Account

   Open Market
Purchase
     05/23/2024        16,663      $ 20.27      $ 20.08 - $20.55  

CCP

   Open Market
Purchase
     06/06/2024        78,891      $ 20.35      $ 20.30 - $20.40  

Separate Account

   Open Market
Purchase
     06/06/2024        19,555      $ 20.35      $ 20.30 - $20.40  

CCP

   Open Market
Purchase
     06/07/2024        6,347      $ 20.48      $ 20.40 - $20.50  

Separate Account

   Open Market
Purchase
     06/07/2024        1,574      $ 20.48      $ 20.40 - $20.50  

CCP

   Open Market
Purchase
     06/10/2024        14,499      $ 20.57      $ 20.25 - $20.75  

Separate Account

   Open Market
Purchase
     06/10/2024        3,585      $ 20.57      $ 20.25 - $20.75  


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: June 10, 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