Company: MCFT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000950170-25-065151
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Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 1A
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During the nine months ended March 30, 2025, there have been no material changes to the risk factors disclosed in “Part I, Item 1A. Risk Factors” in our 2024 Annual Report.

ITEM 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS.

Share Repurchase Program

On July 24, 2023, the Board of the Company authorized a share repurchase program under which the Company may repurchase up to $50.0 million of its outstanding shares of common stock. The authorization became effective upon the completion of the Company's previously existing $50.0 million stock repurchase authorization.

During the first nine months of fiscal 2025, we repurchased approximately $5.0 million of our common stock, including approximately $0.7 million during the three months ended March 30, 2025, excluding related fees and expenses. As of March 30, 2025, the remaining authorization under the new program was approximately $30.4 million. 

During the three months ended March 30, 2025, the Company repurchased the following shares of common stock: 

     Period
      
     Total Number of Shares Purchased

     Average Price Paid Per Share(a)(b)

     Total Number of Shares Purchased as part of Publicly Announced Program

     Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan                         (dollars in thousands)

     December 30, 2024 - January 26, 2025

     16,643

     $
     18.28

     16,643

     $
     30,850

     January 27, 2025 - February 23, 2025

     15,827

     18.51

     15,827

     30,557

     February 24, 2025 - March 30, 2025

     8,618

     17.62

     8,618

     30,406

     Total

     41,088

     41,088

(a)Represents weighted average price paid per share excluding commissions paid.

(b)Average price per share excludes any excise tax imposed on certain stock repurchases as part of the Inflation Reduction Act of 2022.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOS