# EDGAR Filing Document

**Accession Number:** 0001638290
**File Stem:** 0001193125-26-269732
**Filing Date:** 2026-6
**Character Count:** 56554
**Document Hash:** a1ebbfcb50f6016c11c36dc51dfd60d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-269732.hdr.sgml**: 20260612

**ACCESSION NUMBER**: 0001193125-26-269732

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260515

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260612

**DATE AS OF CHANGE**: 20260612

**FILER**: 

**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
- **EIN:** 061571747
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37502
- **FILM NUMBER:** 261088031

**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

?xml version='1.0' encoding='ASCII'? 8-K/A

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K/A

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): May 15, 2026

## MasterCraft Boat Holdings, Inc.

#### (Exact name of Registrant as Specified in Its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-37502** | **06-1571747** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **100 Cherokee Cove Drive** |  |
| **Vonore, Tennessee** | **37885** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

#### Registrant's Telephone Number, Including Area Code: 423 884-2221

#### (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

#### Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Stock | MCFT | The Nasdaq Stock Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### EXPLANATORY NOTE
On May 15, 2026, MasterCraft Boat Holdings, Inc. (the "Company") filed a Current Report on Form 8-K (the "Initial 8-K") with the U.S. Securities and Exchange Commission to report, among other things, under Item 2.01 thereof the completion of the acquisition of Marine Products Corporation ("Marine Products") pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement").

We are amending the Initial 8-K to include the historical financial statements of Marine Products and our unaudited pro forma condensed combined financial information giving effect to the acquisition.

The pro forma financial information included in this report has been presented for informational purposes only. It does not purport to represent the actual results of operations that we and Marine Products would have achieved had the companies been combined during the periods presented in the pro forma financial information and is not intended to project the future results of operations that the combined company may achieve.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Financial statements of businesses acquired.

The audited financial statements of Marine Products as of December 31, 2025 and 2024 and for each of the three years ended December 31, 2025, 2024 and 2023 are filed with this Current Report on Form 8-K/A as Exhibit 99.1 and the unaudited consolidated financial statements of Marine Products as of March 31, 2026 and for the three months ended March 31, 2026 and 2025 as Exhibit 99.2 and incorporated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Pro forma financial information.

The unaudited pro forma condensed combined balance sheet as of March 29, 2026 and the unaudited pro forma condensed combined statement of operations for the nine months ended March 29, 2026 and the year ended June 30, 2025 are filed with this Current Report on Form 8-K/A as Exhibit 99.3 and incorporated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

The following exhibits are being furnished as part of this report:

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| 23.1 | [Consent of Grant Thornton LLP](d151058dex231.htm) |
| 99.1 | [Audited financial statements of Marine Products as of December 31, 2025 and 2024 and for each of the fiscal years ended December 31, 2025, 2024 and 2023 (incorporated by reference to Marine Products' Annual Report on Form 10-K for the fiscal year ended December 31, 2025).](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001129155/000110465926021478/mpx-20251231x10k.htm) |
| 99.2 | [Unaudited consolidated financial statements of Marine Products as of March 31, 2026 and for the three months ended March 31, 2026 and 2025 (incorporated by reference to Marine Products' Quarterly Report on Form 10-Q for the quarter ended March 31, 2026).](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001129155/000110465926057814/mpx-20260331x10q.htm) |
| 99.3 | [Unaudited Pro Forma Condensed Combined Balance Sheet as of March 29, 2026 and the Unaudited Pro Forma Condensed Combined Statement of Operations for the nine months ended March 29, 2026 and the year ended June 30, 2025](d151058dex993.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | MASTERCRAFT BOAT HOLDINGS, INC. |
| Date: June 12, 2026 | By: | /s/ W. SCOTT KENT |
|  |  | W. Scott Kent |
|  |  | *Chief Financial Officer* |

---

## Exhibit 23.1

**Exhibit 23.1** 

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We have issued our report dated February 27, 2026, with respect to the consolidated financial statements of Marine Products Corporation for the year ended December 31, 2025 included in the Current Report of MasterCraft Boat Holdings, Inc. on Form 8-K/A dated June 12, 2026. We consent to the incorporation by reference of said report in the Registration Statements of MasterCraft Boat Holdings, Inc. on Form S-3 (File No. 333-212812) and Form S-8 (File Nos. 333-205825 and 333-282808).

/s/ GRANT THORNTON LLP

Atlanta, Georgia

June 12, 2026

## Exhibit 99.3

**Exhibit 99.3** 

**UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION** 

On February 5, 2026, MasterCraft Boat Holdings, Inc., a Delaware corporation ("MasterCraft"), Merger Sub 1, Merger Sub 2, and Marine Products Corporation, a Delaware corporation ("Marine Products") entered into the merger agreement. Pursuant to the merger agreement, on May 15, 2026, before the market opened, Merger Sub 1 merged with and into Marine Products, with Marine Products surviving as a wholly owned subsidiary of MasterCraft. Immediately after the first merger, Marine Products merged with and into Merger Sub 2, with Merger Sub 2 surviving the second merger as a wholly owned subsidiary of MasterCraft. Concurrently, with the execution of the merger agreement, on February 5, 2026, MasterCraft entered into certain ancillary agreements (as defined and further described in Note 1). The transactions contemplated in connection with the merger agreement, including the mergers, are referred to herein as the "**transactions**" and the consummation of the transactions is referred to as the "**closing**".

The following unaudited pro forma condensed combined financial information ("unaudited pro forma financial information") of MasterCraft has been prepared in accordance with Article 11 of Regulation S-X and gives pro forma effect to the mergers, and includes adjustments intended to illustrate the estimated pro forma effects of the mergers, which we refer to as the "**Transaction Accounting Adjustments**".

The unaudited pro forma condensed combined balance sheet as of March 29, 2026, gives effect to the mergers as if they had been completed on March 29, 2026, and combines the consolidated balance sheet of MasterCraft as of March 29, 2026, with the consolidated balance sheet of Marine Products as of March 31, 2026.

The unaudited pro forma condensed combined statements of operations for the nine months ended March 29, 2026, and the year ended June 30, 2025, give effect to the mergers as if they were consummated on July 1, 2024. The unaudited pro forma condensed combined statement of operations for the nine months ended March 29, 2026, combines the consolidated statement of operations of MasterCraft for the nine months ended March 29, 2026, and the consolidated statement of operations of Marine Products for the nine months ended March 31, 2026. The unaudited pro forma condensed combined statement of operations for the year ended June 30, 2025, combines the consolidated statement of operations of MasterCraft for the year ended June 30, 2025, and the consolidated statement of operations of Marine Products for the twelve months ended June 30, 2025.

The unaudited pro forma financial information contained herein does not give effect to any historical financial results of MasterCraft following March 29, 2026, or Marine Products following March 31, 2026.

The unaudited pro forma financial information should be read in conjunction with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The accompanying notes to the unaudited pro forma condensed combined financial information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The unaudited condensed consolidated financial statements of MasterCraft as of and for the nine months ended
March 29, 2026, and the related notes, as included in MasterCraft's Quarterly Report on Form 10-Q as filed with the SEC on May 7, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The audited consolidated financial statements of MasterCraft as of and for the year ended June 30, 2025, and
the related notes, as included in MasterCraft's Annual Report on Form 10-K as filed with the SEC on August 27, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The unaudited consolidated financial statements of Marine Products as of and for the three months ended
March 31, 2026, and the related notes, as included in Marine Products' Quarterly Report on Form 10-Q as filed with the SEC on May 8, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The audited consolidated financial statements of Marine Products as of and for the year ended December 31,
2025, and the related notes, as included in Marine Products' Annual Report on Form 10-K as filed with the SEC on February 27, 2026.

The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the operating results or financial position that would have been achieved had the mergers been consummated on the dates indicated or that the combined company may achieve in future periods. The Transaction Accounting Adjustments represent management's best estimates and are based upon currently available information and certain assumptions that management believes are reasonable and supportable. As the unaudited pro forma financial information has been prepared based on these assumptions, the final amounts recorded may differ materially from the information presented herein. Further, the unaudited pro forma financial information does not reflect any operating synergies, dis-synergies, or cost savings that may result from the mergers.

------

**MASTERCRAFT BOAT HOLDINGS, INC.** 

**UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET** 

**AS OF MARCH 29, 2026** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MasterCraft** | **Marine Products** | | | **MasterCraft** |
| **(Dollar amounts in thousands)** | **(Historical)** | **(Historical)**<br>**(Note 3)** |<br>**Transaction<br>Accounting<br>Adjustments**<br>**(Note 5)** | | **Pro Forma<br>Combined** |
|  **ASSETS** |  |  |  |  |  |
|  CURRENT ASSETS: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | $75403 | $45799 | $(90726) | **(a)** | $30476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term investments | 9220 |  |  |  | 9220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable, net of allowance | 11230 | 5201 |  |  | 16431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax receivable | 1740 | 2865 |  |  | 4605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 34769 | 55103 | 4133 | **(b)** | 94005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other current assets | 9484 | 4200 | 999 | **(c)** | 14683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 141846 | 113168 | (85594) |  | 169420 |
|  Property, plant and equipment, net | 53517 | 22357 | 12302 | **(d)** | 88176 |
|  Goodwill | 28493 | 3308 | 89482 | **(e)** | 121283 |
|  Other intangible assets, net | 30500 | 465 | 83535 | **(f)** | 114500 |
|  Deferred income taxes | 17569 | 4890 | (22459) | **(g)** |  |
|  Other long-term assets | 5927 | 5012 |  |  | 10939 |
|  Total assets | $277852 | $149200 | $77266 |  | $504318 |
|  **LIABILITIES AND EQUITY** |  |  |  |  |  |
|  CURRENT LIABILITIES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | $21895 | $14490 | $— |  | $36385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax payable | 1773 |  |  |  | 1773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses and other current liabilities | 53884 | 15000 |  |  | 68884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 77552 | 29490 |  |  | 107042 |
|  Unrecognized tax positions | 9346 |  |  |  | 9346 |
|  Other long-term liabilities | 1702 | 1654 | 521 | **(g)** | 3877 |
|  Total liabilities | $88600 | $31144 | $521 |  | $120265 |
|  **COMMITMENTS AND CONTINGENCIES** |  |  |  |  |  |
|  **EQUITY:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock | $163 | $3523 | $(3442) | **(h)** | $244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional paid-in capital | 52805 |  | 199217 | **(h)** | 252022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 136084 | 114533 | (119030) | **(h)** | 131587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MasterCraft Boat Holdings, Inc. equity | 189052 | 118056 | 76745 |  | 383853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noncontrolling interest | 200 |  |  |  | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity | $189252 | $118056 | $76745 |  | $384053 |
|  Total liabilities and equity | $277852 | $149200 | $77266 |  | $504318 |

---

*The accompanying notes are an integral part of this unaudited pro forma condensed combined financial information.* 

------

**MASTERCRAFT BOAT HOLDINGS, INC.** 

**UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS** 

**FOR THE NINE MONTHS ENDED MARCH 29, 2026** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MasterCraft** | **Marine Products** | | | **MasterCraft** |
| **(Dollar amounts in thousands, except share and per share data)** | **(Historical)** | **(Reclassified)**<br>**(Note 3)** |<br>**Transaction<br>Accounting<br>Adjustments**<br>**(Note 5)** | | **Pro Forma<br>Combined** |
|  NET SALES | $218967 | $184252 | $— |  | $403219 |
|  COST OF SALES | 168502 | 153885 | 243 | **(j)** | 322630 |
|  GROSS PROFIT | 50465 | 30367 | (243) |  | 80589 |
|  OPERATING EXPENSES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling and marketing | 9649 | 5491 |  |  | 15140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative | 34267 | 20991 | 125 | **(k)** | 55383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of other intangible assets | 1350 |  | 3315 | **(l)** | 4665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total operating expenses | 45266 | 26482 | 3440 |  | 75188 |
|  OPERATING INCOME | 5199 | 3885 | (3683) |  | 5401 |
|  OTHER INCOME (EXPENSE): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (146) |  |  |  | (146) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 2257 | 1144 |  |  | 3401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on extinguishment of debt | (71) |  |  |  | (71) |
|  INCOME BEFORE INCOME TAX EXPENSE | 7239 | 5029 | (3683) |  | 8585 |
|  INCOME TAX EXPENSE | 1811 | 2079 | (843) | **(m)** | 3047 |
|  INCOME FROM CONTINUING OPERATIONS | $5428 | $2950 | $(2840) |  | $5538 |
|  INCOME PER SHARE (Note 5(n)): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continuing operations | $0.34 |  |  |  | $0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continuing operations | $0.33 |  |  |  | $0.23 |
|  WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF (Note 5(n)): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic earnings per share | 16147425 |  |  |  | 24235812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share | 16263844 |  |  |  | 24388847 |

---

*The accompanying notes are an integral part of this unaudited pro forma condensed combined financial information.* 

------

**MASTERCRAFT BOAT HOLDINGS, INC.** 

**UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS** 

**FOR THE YEAR ENDED JUNE 30, 2025** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MasterCraft** | **Marine Products** | | | **MasterCraft** |
| **(Dollar amounts in thousands, except share and per share data)** | **(Historical)** | **(Reclassified)**<br>**(Note 3)** |<br>**Transaction<br>Accounting<br>Adjustments**<br>**(Note 5)** | | **Pro Forma<br>Combined** |
|  NET SALES | $284203 | $224368 | $— |  | $508571 |
|  COST OF SALES | 227338 | 185568 | 4133<br> 475 | **(i**<br> **(j** | 417514 |
|  GROSS PROFIT | 56865 | 38800 | (4608) |  | 91057 |
|  OPERATING EXPENSES: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling and marketing | 11740 | 6193 | **—** |  | 17933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative | 32093 | 17909 | 4664 | **(k** | 54666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of other intangible assets | 1800 |  | 4420 | **(l** | 6220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total operating expenses | 45633 | 24102 | 9084 |  | 78819 |
|  OPERATING INCOME | 11232 | 14698 | (13692) |  | 12238 |
|  OTHER INCOME (EXPENSE): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (1169) |  |  |  | (1169) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 3472 | 2064 |  |  | 5536 |
|  INCOME BEFORE INCOME TAX EXPENSE | 13535 | 16762 | (13692) |  | 16605 |
|  INCOME TAX EXPENSE | 2820 | 2723 | (2492) | **(m** | 3051 |
|  INCOME FROM CONTINUING OPERATIONS | $10715 | $14039 | $(11200) |  | $13554 |
|  INCOME PER SHARE (Note 5(n)): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continuing operations | $0.65 |  |  |  | $0.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continuing operations | $0.65 |  |  |  | $0.55 |
|  WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF (Note 5(n)): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic earnings per share | 16428485 |  |  |  | 24516872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted earnings per share | 16525773 |  |  |  | 24650776 |

---

*The accompanying notes are an integral part of this unaudited pro forma condensed combined financial information.* 

------

**MASTERCRAFT BOAT HOLDINGS, INC.** 

**NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION** 

*(in thousands, except shares and per share amounts)* 

**Note 1 – Description of the Transactions** 

***Mergers***

On February 5, 2026, MasterCraft entered into the merger agreement to acquire all of the issued and outstanding equity securities of Marine Products through the mergers. The merger agreement, among other things, provides for the combination of MasterCraft and Marine Products in a stock-and-cash transaction. As part of the first merger, on May 15, 2026, before the market opened, Merger Sub 1 merged with and into Marine Products, with Marine Products surviving as a wholly owned subsidiary of MasterCraft. Immediately after the first merger, Marine Products merged with and into Merger Sub 2 as part of the second merger, with Merger Sub 2 surviving as a wholly owned subsidiary of MasterCraft.

Upon the terms and conditions of the merger agreement, at the effective time of the first merger, which we refer to as the "**effective time**", each share of Marine Products common stock, par value $0.10 per share, converted into the right to receive 0.232 shares, which we refer to as the "**stock consideration**", of MasterCraft common stock, par value $0.01 per share, and $2.43 in cash, without interest, which we refer to as the "**cash consideration**". Together, the cash consideration and the stock consideration are referred to as the "**merger consideration**".

***Treatment of Marine Products Equity Awards***

Additionally, immediately prior to the first effective time, each outstanding Marine Products restricted stock award, which we refer to as a "**Marine Products RSAs**", accelerated and vested in full and was treated in the same manner as shares of Marine Products common stock for purposes of receiving the merger consideration, except that Marine Products RSAs awarded in 2026 and held by employees who continue with the combined company following the closing date, which we refer to as the "**Assumed RSAs**", were converted into (i) the cash consideration for each share of Marine Products restricted stock subject to such Assumed RSAs and (ii) MasterCraft RSAs corresponding to a number of shares of MasterCraft common stock equal to the product of (x) the number of shares of Marine Products restricted stock subject to such Assumed RSA and (y) the stock consideration. The MasterCraft RSAs have the same time-vesting restrictions as the existing Marine Products RSAs, provided that the Assumed RSAs also include double-trigger change-in-control vesting provisions following the mergers. In addition, each unvested Marine Products performance stock unit, which we refer to as a "**Marine Products PSU**", with an incomplete performance period as of the closing date vested based on "target" performance and was treated in the same manner as shares of Marine Products common stock for purposes of receiving the merger consideration, while each unvested Marine Products PSU with a completed performance period as of the closing date vested based on "actual" performance and was treated in the same manner as shares of Marine Products common stock for purposes of receiving the merger consideration.

***Ancillary Agreements***

Concurrently with the execution of the merger agreement, on February 5, 2026, MasterCraft entered into (i) the voting agreement, (ii) the stockholders agreement, as amended, and (iii) the registration rights agreement. These ancillary agreements do not impact the unaudited pro forma financial information and therefore pro forma adjustments for these agreements are not reflected herein.

**Note 2 – Basis of Presentation** 

The unaudited pro forma financial information was prepared in accordance with Article 11 of Regulation S-X. The unaudited pro forma condensed combined balance sheet as of March 29, 2026, gives effect to the mergers as if they had been completed on March 29, 2026, and the unaudited pro forma condensed combined statements of operations for the nine months ended March 29, 2026, and the year ended June 30, 2025, give effect to the mergers as if they had been completed on July 1, 2024.

The historical consolidated financial statements of MasterCraft and the historical consolidated financial statements of Marine Products were prepared in accordance with U.S. GAAP and presented in U.S. dollars. The preparation of the unaudited pro forma financial information was based upon MasterCraft's fiscal year end, which ends on June 30. Marine Products' fiscal year ends on December 31. Given the difference between MasterCraft's fiscal year end and Marine Products' fiscal year end is more than one quarter, the historical statement of operations information of Marine Products has been adjusted to align with the fiscal year end of MasterCraft in order to prepare the unaudited pro forma condensed combined statements of operations. No adjustments were necessary to align Marine Products' historical balance sheet.

------

For purposes of the unaudited pro forma condensed combined statement of operations for the nine months ended March 29, 2026, the historical consolidated statement of operations of MasterCraft for the nine months ended March 29, 2026, has been combined with the historical consolidated statement of operations of Marine Products for the period from July 1, 2025, to March 31, 2026 (i.e., the nine months ended March 31, 2026). For purposes of the unaudited pro forma condensed combined statement of operations for the year ended June 30, 2025, the historical consolidated statement of operations of MasterCraft for the year ended June 30, 2025, has been combined with the historical consolidated statement of operations of Marine Products for the period from July 1, 2024, to June 30, 2025 (i.e., the twelve months ended June 30, 2025). Refer to Note 3 for further details of the fiscal year alignment.

Additionally, as discussed in Note 3, certain reclassifications were made to conform the historical presentation of Marine Products consolidated financial statements to that of MasterCraft's financial statement presentation. The accounting policies used in the preparation of the unaudited pro forma financial information are those set out in MasterCraft's audited financial statements for the year ended June 30, 2025. Management conducted a preliminary evaluation of accounting policies used by Marine Products compared to accounting policies used by MasterCraft and did not identify any material differences, and accordingly, no adjustments to conform accounting policies have been reflected in the unaudited pro forma financial information. Following the completion of the mergers, MasterCraft will conduct a comprehensive review of Marine Products' accounting policies, and as a result of that review, MasterCraft may identify differences which may have a material impact on the unaudited pro forma financial information.

The unaudited pro forma financial information reflects the pro forma effect of the mergers using the acquisition method of accounting in accordance with Accounting Standards Codification ("**ASC**") Topic 805, *Business Combinations* ("**ASC 805**"), with MasterCraft as the accounting acquirer, using the fair value concepts defined in ASC Topic 820, *Fair Value Measurement*, and is based on the historical financial statements of MasterCraft and Marine Products. Refer to Note 4 for additional information regarding the accounting treatment and preliminary purchase price allocation.

The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the operating results or financial position that would have been achieved had the mergers been consummated on the dates indicated or that the combined company may achieve in future periods. The unaudited pro forma financial information does not reflect any anticipated synergies or dis-synergies, operating efficiencies or cost savings that may result from the mergers, or any integration costs that may be incurred. The Transaction Accounting Adjustments represent management's best estimates and are based upon currently available information and certain assumptions that MasterCraft believes are reasonable and supportable. As the unaudited pro forma financial information has been prepared based on these assumptions, the final amounts recorded may differ materially from the information presented herein.

**Note 3 – Fiscal Year End Alignment and Financial Statement Line Item Reclassification Adjustments** 

Fiscal year end alignment and financial statement line item reclassification adjustments have been made to conform Marine Products' historical financial statement presentation to MasterCraft's financial statement presentation in the unaudited pro forma condensed combined balance sheet and the unaudited pro forma condensed combined statements of operations.

***Unaudited Pro Forma Condensed Combined Balance Sheet as of March 29, 2026***

*Reclassification Adjustments* 

During the preparation of the unaudited pro forma financial information, management performed a preliminary analysis of Marine Products' financial information to identify differences in financial statement presentation compared to the presentation of MasterCraft. Management did not identify any significant differences between Marine Products' historical consolidated balance sheet presentation as of March 31, 2026, and MasterCraft's historical consolidated balance sheet presentation as of March 29, 2026. Accordingly, no reclassification adjustments are reflected in the unaudited pro forma condensed combined balance sheet as of March 29, 2026.

***Unaudited Pro Forma Condensed Combined Statement of Operations for the Nine Months Ended March 29, 2026***

*Fiscal Year End Alignment* 

The historical consolidated statement of operations information of Marine Products for the nine months ended March 31, 2026, has been derived as follows:

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(Dollar amounts in thousands)** | **Year Ended**<br>**December 31, 2025**<br>**(Historical)** | **Less: Six Months<br>Ended June 30, 2025<br>(Historical)** | **Plus: Three Months<br>Ended March 31, 2026**<br>**(Historical)** | **Nine Months<br>Ended March 31, 2026 <sup>(1)</sup><br>(Historical Aligned)** |
|  Net sales | $244419 | $126700 | $66533 | $184252 |
|  Cost of goods sold | 197644 | 102838 | 55462 | 150268 |
|  Gross profit | 46775 | 23862 | 11071 | 33984 |
|  Selling, general and administrative expenses | 32747 | 16438 | 8824 | 25133 |
|  Merger related costs |  |  | 4966 | 4966 |
|  Operating income (loss) | 14028 | 7424 | (2719) | 3885 |
|  Interest income, net | 1737 | 918 | 325 | 1144 |
|  Income (loss) before income taxes | 15765 | 8342 | (2394) | 5029 |
|  Income tax provision (benefit) | 4382 | 1974 | (329) | 2079 |
|  Net income (loss) | $11383 | $6368 | $(2065) | $2950 |

---

(1) The historical consolidated statement of operations of Marine Products for the nine months ended March 31,
2026, was derived from (i) Marine Products' consolidated statement of operations for the year ended December 31, 2025, as presented in its Annual Report on Form 10-K for the year ended
December 31, 2025, as filed with the SEC on February 27, 2026, less (ii) Marine Products' consolidated statement of operations for the six months ended June 30, 2025, as presented in its Quarterly Report on Form 10-Q for the six months ended June 30, 2025, as filed with the SEC on July 24, 2025, plus (iii) Marine Products' consolidated statement of operations for the three months ended March 31,
2026, as presented in its Quarterly Report on Form 10-Q for the three months ended March 31, 2026, as filed with the SEC on May 8, 2026.

*Reclassification Adjustments* 

The following table presents a summary of reclassification adjustments to conform Marine Products' historical consolidated statement of operations information for the nine months ended March 31, 2026, with MasterCraft's historical consolidated statement of operations presentation for the nine months ended March 29, 2026 (dollar amounts in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **MasterCraft** | **Marine Products** | **Marine Products** | | | **Marine Products** |
| **Consolidated Statement of Operations<br>Line Items**<br> **(Historical)** | **Consolidated Statement of<br>Operations Line Items**<br> **(Historical)** | **Nine Months<br>Ended**<br>**March 31, 2026**<br>**(Historical Aligned)** |<br>**Reclassification**<br>**Adjustments** | | **Nine Months<br>Ended**<br>**March 31, 2026<br>(Reclassified)** |
|  Net sales | Net sales | $184252 | $— |  | $184252 |
|  Cost of sales | Cost of goods sold | 150268 | 3617 | **(a)** | 153885 |
|  Selling and marketing |  |  | 5491 | **(b)** | 5491 |
|  General and administrative |  |  | 16025 | **(b)** | 20991 |
|  |  |  | 4966 | **(c)** |  |
|  | Selling, general and administrative expenses | 25133 | (3617) | **(a)** |  |
|  |  |  | (21516) | **(b)** |  |
|  | Merger related costs | 4966 | (4966) | **(c)** |  |
|  Interest income | Interest income, net | 1144 |  |  | 1144 |
|  Income tax expense | Income tax provision | 2079 |  |  | 2079 |

---

(a) On its historical consolidated statement of operations, Marine Products presented $3.6 million of warranty
expense within selling, general and administrative expenses. This reclassification adjustment is to present this amount within cost of sales in the unaudited pro forma condensed combined statement of operations to conform with MasterCraft's
presentation.

(b) On its historical consolidated statement of operations, Marine Products presented $5.5 million of selling
and marketing expense and $16.0 million of general and administrative expense within selling, general and administrative expenses. This reclassification adjustment is to present these amounts in separate line items in the unaudited pro forma
condensed combined statement of operations to conform with MasterCraft's presentation.

(c) On its historical consolidated statement of operations, Marine Products presented $5.0 million of merger
related costs as a separate line item. This reclassification adjustment is to present this amount within general and administrative expenses in the unaudited pro forma condensed combined statement of operations to conform with MasterCraft's
presentation.

------

***Unaudited Pro Forma Condensed Combined Statement of Operations for the Year Ended June 30, 2025***

*Fiscal Year End Alignment* 

The historical statement of operations information of Marine Products for the twelve months ended June 30, 2025, has been derived as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(Dollar amounts in thousands)** | **Year Ended**<br>**December 31, 2024**<br>**(Historical)** | **Less: Six Months Ended**<br>**June 30, 2024**<br>**(Historical)** | **Plus: Six Months Ended**<br>**June 30, 2025**<br>**(Historical)** | **Twelve Months Ended**<br>**June 30, 2025 <sup>(1)</sup>**<br>**(Historical Aligned)** |
|  Net sales | $236555 | $138887 | $126700 | $224368 |
|  Cost of goods sold | 191057 | 111729 | 102838 | 182166 |
|  Gross profit | 45498 | 27158 | 23862 | 42202 |
|  Selling, general and administrative expenses | 27376 | 16166 | 16438 | 27648 |
|  Gain on disposition of assets, net | (144) |  |  | (144) |
|  Operating income | 18266 | 10992 | 7424 | 14698 |
|  Interest income, net | 2876 | 1730 | 918 | 2064 |
|  Income before income taxes | 21142 | 12722 | 8342 | 16762 |
|  Income tax provision | 3289 | 2540 | 1974 | 2723 |
|  Net income | $17853 | $10182 | $6368 | $14039 |

---

(1) The historical consolidated statement of operations of Marine Products for the twelve months ended
June 30, 2025, was derived from (i) Marine Products' consolidated statement of operations for the year ended December 31, 2024, as presented in its Annual Report on Form 10-K for the year
ended December 31, 2025, as filed with the SEC on February 27, 2026, less (ii) Marine Products' consolidated statement of operations for the six months ended June 30, 2024, as presented in its Quarterly Report on Form 10-Q for the six months ended June 30, 2025, as filed with the SEC on July 24, 2025, plus (iii) Marine Products' consolidated statement of operations for the six months ended June 30, 2025,
as presented in its Quarterly Report on Form 10-Q for the six months ended June 30, 2025, as filed with the SEC on July 24, 2025.

*Reclassification Adjustments* 

The following table presents a summary of reclassification adjustments to conform Marine Products' historical consolidated statement of operations information for the twelve months ended June 30, 2025, with MasterCraft's historical consolidated statement of operations presentation for the year ended June 30, 2025 (dollar amounts in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **MasterCraft** | **Marine Products** | **Marine Products** | | | **Marine Products** |
| **Consolidated Statement of**<br> **Operations Line Items**<br> **(Historical)** | **Consolidated Statement of**<br> **Operations Line Items**<br> **(Historical)** | **Twelve Months Ended<br>June 30, 2025**<br>**(Historical Aligned)** |<br>**Reclassification**<br>**Adjustments** | | **Twelve Months Ended**<br>**June 30, 2025**<br>**(Reclassified)** |
|  Net sales | Net sales | $224368 | $— |  | $224368 |
|  Cost of sales | Cost of goods sold | 182166 | 3402 | **(a** | 185568 |
|  Selling and marketing |  |  | 6193 | **(b** | 6193 |
|  General and administrative |  |  | 18053<br> (144 | **(b**<br> **(c** | 17909 |
|  | Selling, general and administrative expenses | 27648 | (3402<br> (24246 | **(a**<br> **(b** |  |
|  | Gain on disposition of assets, net | (144) | 144 | **(c** |  |
|  Interest income | Interest income, net | 2064 |  |  | 2064 |
|  Income tax expense | Income tax provision | 2723 |  |  | 2723 |

---

(a) On its historical consolidated statement of operations, Marine Products presented $3.4 million of warranty
expense within selling, general and administrative expenses. This reclassification adjustment is to present this amount within cost of sales in the unaudited pro forma condensed combined statement of operations to conform with MasterCraft's
presentation.

(b) On its historical consolidated statement of operations, Marine Products presented $6.2 million of selling
and marketing expense and $18.1 million of general and administrative expense within selling, general and administrative expenses. This reclassification adjustment is to present these amounts in separate line items in the unaudited pro forma
condensed combined statement of operations to conform with MasterCraft's presentation.

(c) On its historical consolidated statement of operations, Marine Products presented a $0.1 million gain on
disposition of assets as a separate line item. This reclassification adjustment is to present this amount within general and administrative in the unaudited pro forma condensed combined statement of operations to conform with MasterCraft's
presentation.

------

**Note 4 – Accounting Treatment and Preliminary Purchase Price Allocation** 

Under ASC 805, all assets acquired and liabilities assumed in a business combination are recognized and measured at their acquisition date fair values, and transaction costs associated with the business combination are expensed as incurred. The excess of merger consideration over the estimated fair value of identifiable assets acquired and liabilities assumed, if any, is allocated to goodwill.

The consideration transferred calculated in accordance with ASC 805 is based on the merger consideration as delineated in the merger agreement and is based on the number of shares of MasterCraft common stock issued multiplied by MasterCraft's closing share price as of May 14, 2026.

In accordance with ASC 805, MasterCraft will assign fair value to assets acquired and liabilities assumed using best estimates and assumptions as of the closing date of the mergers. The determination of the estimated fair value of assets acquired requires significant judgment and often involves the use of various estimates and assumptions. To determine the preliminary estimate of fair values of assets acquired and liabilities assumed, MasterCraft used benchmark studies in addition to the historical audited balance sheet of Marine Products as of March 31, 2026, collectively with the consequential tax effects of the mergers.

The estimated fair values and purchase price allocation are preliminary. A final determination of the fair value of assets acquired, including any identifiable intangible assets, and liabilities assumed will be performed within one year of the mergers' closing date. Since the unaudited pro forma financial information has been prepared based on preliminary fair values, the final amounts may differ materially from the information presented herein.

***Merger Consideration***

The following table presents the merger consideration:

---

| | |
|:---|:---|
| **(Dollar amounts in thousands, except share and per share data)** | **Amount** |
|  Shares of Marine Products common stock <sup>(1)</sup> | 34863738 |
|  Exchange ratio | 0.232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares of MasterCraft common stock to be issued | 8088387 |
|  MasterCraft closing share price <sup>(2)</sup> | $24.64 |
|  **Total preliminary stock consideration** | $**199298** |
|  Shares of Marine Products common stock <sup>(1)</sup> | 34863738 |
|  Shares of Assumed RSAs <sup>(3)</sup> | 210500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares of Marine Products common stock and Assumed RSAs | 35074238 |
|  Cash Consideration per share | $2.43 |
|  **Total preliminary cash consideration** | $**85230** |
|  **Total preliminary merger consideration** <sup>(4)</sup> | $**284528** |

---

(1) The shares of Marine Products common stock is based on 34,377,359 shares of Marine Products common stock issued
and outstanding as of May 15, 2026 and 486,379 eligible RSAs and PSUs, net Marine Products stock withheld for tax purposes, outstanding as of May 15, 2026.

(2) The value of the shares of MasterCraft common stock issued is based on the publicly quoted closing share price
of MasterCraft common stock as of May 14, 2026.

(3) Pursuant to the merger agreement, the holders of the Assumed RSAs are entitled to receive the cash
consideration for each Assumed RSA outstanding immediately prior to the mergers.

(4) Total preliminary merger consideration excludes cash payments totaling $5 thousand related to the impact
of fractional shares, which is deemed immaterial.

***Preliminary Purchase Price Allocation***

The following table presents the preliminary purchase price allocation as if the mergers had been completed on March 29, 2026:

---

| | |
|:---|:---|
| **(Dollar amounts in thousands)** | **Preliminary**<br>**Fair Value** |
|  **Total merger consideration** | $**284528** |
|  **Assets** |  |
|  Cash and cash equivalents | $45799 |
|  Accounts receivable, net of allowance | 5201 |
|  Income tax receivable | 2865 |
|  Inventories, net | 59236 |

---

------

---

| | |
|:---|:---|
| **(Dollar amounts in thousands)** | **Preliminary**<br>**Fair Value** |
|  Prepaid expenses and other current assets | 4200 |
|  Property, plant and equipment, net | 34659 |
|  Other intangible assets, net | 84000 |
|  Other long-term assets | 5012 |
|  **Total assets** | $**240972** |
|  **Liabilities** |  |
|  Accounts payable | $14490 |
|  Accrued expenses and other current liabilities | 15000 |
|  Deferred income taxes | 18090 |
|  Other long-term liabilities | 1654 |
|  **Total liabilities** | $**49234** |
|  **Net assets** | $**191738** |
|  **Goodwill** | $**92790** |

---

**Note 5 – Transaction Accounting Adjustments** 

***Unaudited Pro Forma Condensed Combined Balance Sheet as of March 29, 2026***

The unaudited pro forma condensed combined balance sheet as of March 29, 2026, reflects the following adjustments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Reflects a decrease to cash and cash equivalents of $90.7 million as a result of the payment of cash
consideration, a decrease of $4.5 million related to transaction costs (primarily legal and professional services fees) not reflected in the historical financial statements that MasterCraft expects to incur related to the mergers, with a
corresponding decrease to retained earnings, and a decrease of $1.0 million for a six-year, prepaid "tail" policy for D&O liability insurance and fiduciary liability insurance, which was
required to be obtained by Marine Products prior to the closing of the mergers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Represents the preliminary fair value adjustment of $4.1 million to inventories, net, which considers net
realizable value for work-in-process and finished goods.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Reflects an increase to prepaid expenses and other current assets of $1.0 million related to the six-year, prepaid "tail" policy for D&O liability insurance and fiduciary liability insurance further described in Note 5(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Represents the adjustment to property, plant and equipment, net, to reflect the preliminary fair value of
$12.3 million for assets acquired in connection with the mergers. Refer to Note 5(j) for details of acquired property, plant and equipment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Reflects preliminary goodwill as a result of the mergers of $92.8 million and the elimination of Marine
Products' historical goodwill of $3.3 million. The goodwill is not expected to be deductible for tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) Represents the adjustment to other intangible assets, net to reflect the preliminary fair value of
$84.0 million for identifiable intangible assets acquired in connection with the mergers and the elimination of historical intangible assets related to prior acquisitions of $0.5 million. Refer to Note 5(l) for details of acquired
identifiable intangible assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) Represents a decrease of $23.0 million to deferred income taxes due to an increase in deferred tax
liabilities related to the estimated impact of purchase price adjustments in connection with the mergers. As a result of this adjustment, the ending balance reflects a $0.5 million net deferred tax liability and has been reclassified to other
long-term liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) Represents the adjustments to equity, which are summarized in the table below:

---

| | | | |
|:---|:---|:---|:---|
| **(Dollar amounts in thousands)** | **Common<br>Stock** | **Additional<br>Paid-in<br>Capital** | **Retained<br>Earnings** |
|  Elimination of historical Marine Products' equity | $(3523) | $— | $(114533) |
|  Issuance of MasterCraft common stock in connection with the mergers (Note 4) | 81 | 199217 |  |
|  Estimated transaction costs (Note 5(a)) |  |  | (4497) |
|  **Total pro forma adjustments** | $**(3442)** | $**199217** | $**(119030)** |

---

------

***Unaudited Pro Forma Condensed Combined Statements of Operations for the Nine Months Ended March 29, 2026, and the Year Ended June 30, 2025***

The unaudited pro forma condensed combined statements of operations for the nine months ended March 29, 2026, and the year ended June 30, 2025, reflect the following adjustments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Reflects an increase to cost of sales of $4.1 million for the year ended June 30, 2025, related to
the amortization of the inventory fair value adjustment further described in Note 5(b). MasterCraft will recognize the increased value of inventories in cost of sales as the inventory is sold. For purposes of the unaudited pro forma condensed
combined statements of operations, it is assumed that the increased value of inventories will be recognized in cost of sales within the first year following the mergers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) Reflects the incremental depreciation expense related to the fair value step-up in property, plant and equipment acquired further described in Note 5(d), which is calculated as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | **Cost of Sales** | **Cost of Sales** |
| **(Dollar amounts in thousands)** |<br>**Preliminary Fair<br>Value** | <br>**Estimated Useful Life**<br>**(Years)** | **Nine Months<br>Ended**<br>**March 29, 2026** | **Year Ended**<br>**June 30, 2025** |
|  Land | $1788 | N/A | $— | $— |
|  Land improvements | 554 | 2 | 208 | 277 |
|  Buildings and improvements | 21622 | 18 | 901 | 1201 |
|  Machinery and equipment | 9306 | 5-6 | 1273 | 1697 |
|  Furniture and fixtures | 1389 | 5 | 209 | 278 |
|  Total property, plant and equipment at pro forma fair value | $34659 |  | $2348 | $3453 |
|  Less: Marine Products historical property, plant and equipment, net and depreciation expense | (22357) |  | (2348) | (2978) |
|  **Total pro forma adjustments to depreciation expense** | $**12302** |  | $**243** | $**475** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k) Reflects increases to general and administrative expense related to non-recurring transaction costs (primarily legal and professional services fees) not reflected in the historical financial statements that MasterCraft expects to incur related to the mergers and amortization
of the prepaid D&O liability and fiduciary liability insurance policy further described in Note 5(a). The adjustments to general and administrative expense are summarized below:

---

| | | |
|:---|:---|:---|
| **(Dollar amounts in thousands)** | **Nine Months<br>Ended**<br>**March 29, 2026** | **Year Ended**<br>**June 30, 2025** |
|  Estimated transaction costs in connection with the mergers <sup>(1)</sup> | $— | $4497 |
|  Amortization of prepaid D&O and fiduciary liability insurance (Note 5(a)) | 125 | 167 |
|  **Total pro forma adjustments to general and administrative expense** | $**125** | $**4664** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The estimated transaction costs above are not anticipated to recur beyond twelve months after the closing date
of the mergers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l) Reflects the incremental amortization expense related to identifiable intangible assets further described in
Note 5(f), which is calculated as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | **Amortization of Other Intangible Assets** | **Amortization of Other Intangible Assets** |
| **(Dollar amounts in thousands)** |<br>**Preliminary Fair<br>Value** |<br>**Estimated Useful<br>Life**<br>**(Years)** | **Nine Months<br>Ended**<br>**March 29, 2026** | **Year Ended**<br>**June 30, 2025** |
|  Dealer network | $44200 | 10 | $3315 | $4420 |
|  Trade names | 39800 | Indefinite |  |  |
|  Total other intangible assets at pro forma fair value | $84000 |  | $3315 | $4420 |
|  Less: Marine Products historical other intangible assets, net and amortization expense | (465) |  |  |  |
|  **Total pro forma adjustments to amortization expense** | $**83535** |  | $**3315** | $**4420** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m) Reflects a decrease in income tax expense of $0.8 million for the nine months ended March 29, 2026,
and a decrease in income tax expense of $2.5 million for the year ended June 30, 2025, resulting from the income tax impact of pro forma adjustments utilizing a blended statutory rate of 22.9% for the nine months ended March 29, 2026,
and the year ended June 30, 2025.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n) The following table presents the calculation of pro forma basic and diluted earnings per share for the nine
months ended March 29, 2026, and the year ended June 30, 2025:

---

| | | |
|:---|:---|:---|
| **(Dollar amounts in thousands, except share and per share data)** | **Nine Months Ended<br>March 29, 2026** | **Year Ended**<br>**June 30, 2025** |
|  **Pro forma income per share – basic:** |  |  |
|  Numerator: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro forma income from continuing operations – basic | $5538 | $13554 |
|  Denominator: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Historical weighted average outstanding shares – basic, as reported in MasterCraft historical statement of operations | 16147425 | 16428485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares of MasterCraft common stock issued in connection with the mergers (Note 4) | 8088387 | 8088387 |
|  **Pro forma weighted average outstanding shares – basic** | **24235812** | **24516872** |
|  **Pro forma income per share – basic** | $**0.23** | $**0.55** |
|  **Pro forma income per share – diluted:** |  |  |
|  Numerator: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro forma income from continuing operations – diluted | $5538 | $13554 |
|  Denominator: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Historical weighted average outstanding shares – diluted, as reported in MasterCraft historical statement of operations | 16263844 | 16525773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares of MasterCraft common stock issued in connection with the mergers (Note 4) | 8088387 | 8088387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impact of Marine Products RSAs converted to MasterCraft RSAs in connection with the mergers (Note 1) <sup>(1)</sup> | 36615 | 36615 |
|  **Pro forma weighted average outstanding shares – diluted** | **24388847** | **24650776** |
|  **Pro forma income per share – diluted** | $**0.23** | $**0.55** |

---

(1) The dilutive impact of Marine Products RSAs to be converted to MasterCraft RSAs in connection with the mergers
is calculated based upon 210,500 unvested Marine Products RSAs outstanding as of May 15, 2026, which were converted to MasterCraft RSAs at an exchange ratio per the merger agreement of 0.232 less shares withheld for income taxes.