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- Securities Litigation (new) — A stockholder filed a class action lawsuit in Delaware Chancery Court challenging corporate governance provisions.
MasterCraft settles stockholder lawsuit over board governance, pays $425K in legal fees
Filed May 22, 2026 · Period ending May 19, 2026 · ~1 min read
Key Changes
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Stockholder lawsuit challenged a February 2026 stockholders agreement provision requiring certain stockholder consent before removing director nominees, alleging violation of Delaware corporate law Section 141(k).
Item 8.01 verify on EDGAR → -
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Lawsuit also alleged MasterCraft's 2019 certificate of amendment filed with Delaware did not match language stockholders approved at the 2019 annual meeting.
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MasterCraft amended the stockholders agreement to remove the challenged provision and filed a certificate of correction addressing the 2019 discrepancy; plaintiff agreed these actions mooted his claims.
Item 8.01 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify