0001193125-23-043527.txt : 20230221 0001193125-23-043527.hdr.sgml : 20230221 20230221162444 ACCESSION NUMBER: 0001193125-23-043527 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230221 DATE AS OF CHANGE: 20230221 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] 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: 23648557 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 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 d431820dsc13da.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. 4)*

 

 

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)

February 16, 2023

(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

 

  1,135,516

     9.  

  Sole dispositive power

 

  0

   10.  

  Shared dispositive power

 

  1,135,516

11.    

  Aggregate amount beneficially owned by each reporting person

 

  1,135,516

12.  

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

 

  ☐

13.  

  Percent of class represented by amount in Row (11)

 

  6.4%

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

 

  959,796

     9.  

  Sole dispositive power

 

  0

   10.  

  Shared dispositive power

 

  959,796

11.    

  Aggregate amount beneficially owned by each reporting person

 

  959,796

12.  

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

 

  ☐

13.  

  Percent of class represented by amount in Row (11)

 

  5.4%

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

 

  959,796

     9.  

  Sole dispositive power

 

  0

   10.  

  Shared dispositive power

 

  959,796

11.    

  Aggregate amount beneficially owned by each reporting person

 

  959,796

12.  

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

 

  ☐

13.  

  Percent of class represented by amount in Row (11)

 

  5.4%

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

 

  1,135,516

     9.  

  Sole dispositive power

 

  0

   10.  

  Shared dispositive power

 

  1,135,516

11.    

  Aggregate amount beneficially owned by each reporting person

 

  1,135,516

12.  

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

 

  ☐

13.  

  Percent of class represented by amount in Row (11)

 

  6.4%

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

 

  1,135,516

     9.  

  Sole dispositive power

 

  0

   10.  

  Shared dispositive power

 

  1,135,516

11.    

  Aggregate amount beneficially owned by each reporting person

 

  1,135,516

12.  

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

 

  ☐

13.  

  Percent of class represented by amount in Row (11)

 

  6.4%

14.  

  Type of reporting person (see instructions)

 

  IN


Explanatory Note: This Amendment No. 4 (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, and Amendment No. 3 to the Initial 13D filed on February 10, 2023 (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 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 17,776,299 shares of Common Stock outstanding as of February 3, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on February 8, 2023.

 

(c)

The Reporting Persons and a separate account investment advisory client of CCM (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.

 


Name

  

Purchase or Sale

   Date      Number
of
Shares
     Weighted
Average
Price Per
Share
     Range of Prices  

CCP

   Open Market Sale      02/10/2023        68,140      $ 32.66      $ 32.50 - $33.03  

Separate Account

   Open Market Sale      02/10/2023        16,248      $ 32.66      $ 32.50 - $33.03  

CCP

   Open Market Sale      02/13/2023        18,232      $ 33.55      $ 33.50 - $33.82  

Separate Account

   Open Market Sale      02/13/2023        4,371      $ 33.55      $ 33.50 - $33.82  

CCP

   Open Market Sale      02/14/2023        14,001      $ 33.75      $ 33.75 - $33.78  

Separate Account

   Open Market Sale      02/14/2023        3,343      $ 33.75      $ 33.75 - $33.78  


CCP

   Open Market Sale      02/15/2023        36,301      $ 33.95      $ 33.90 - $34.09  

Separate Account

   Open Market Sale      02/15/2023        8,699      $ 33.95      $ 33.90 - $34.09  

CCP

   Open Market Sale      02/16/2023        42,033      $ 34.61      $ 34.25 - $35.05  

Separate Account

   Open Market Sale      02/16/2023        10,061      $ 34.61      $ 34.25 - $35.05  

CCP

   Open Market Sale      02/17/2023        93,747      $ 34.17      $ 34.05 - $34.51  

Separate Account

   Open Market Sale      02/17/2023        22,413      $ 34.17      $ 34.05 - $34.51  


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: February 21, 2023

 

COLISEUM CAPITAL MANAGEMENT, LLC
    ADAM GRAY
By:   /s/ Thomas Sparta     By:   /s/ Thomas Sparta
  Thomas Sparta, Attorney-in-fact       Thomas Sparta, Attorney-in-fact

 

COLISEUM CAPITAL, LLC
    CHRISTOPHER SHACKELTON
By:   /s/ Thomas Sparta     By:   /s/ Thomas Sparta
  Thomas Sparta, Attorney-in-fact       Thomas Sparta, Attorney-in-fact

 

COLISEUM CAPITAL PARTNERS, L.P.
By:   Coliseum Capital, LLC, General Partner
By:   /s/ Thomas Sparta
  Thomas Sparta, Attorney-in-fact