MCBC Holdings,Inc. (NASDAQ:MCFT) Files An 8-K Other Events
ITEM 8.01 OTHER EVENTS.
Litigation Update
On May2, 2017, MCBC Holdings Inc. (the Company) reached a
resolution of its pending patent litigation with Malibu Boats.
The resolution of the litigation includes a full release of all
claims and counterclaims by the parties. The resolution of the
litigation also includes the Company entering into a license
agreement related to certain of Malibus patents. The Company also
issued a press release to which it announced that it had reached
resolution of the litigation. A copy of the press release is
furnished as Exhibit99.1 hereto
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d)Exhibits
The following exhibit is being furnished as part of this report:
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ExhibitNo. |
|
Description |
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Exhibit99.1 |
Press Release dated May2, 2017 |
About MCBC Holdings, Inc. (NASDAQ:MCFT)
MCBC Holdings, Inc. (MCBC) is a holding company. The Company is a designer and manufacturer of inboard tournament ski boats and V-drive runabouts under the MasterCraft brand. The Company operates through two segments: MasterCraft and Hydra-Sports. The MasterCraft product brand consists of recreational performance boats primarily used for water skiing, wakeboarding and wake surfing, and general recreational boating. The Company distributes the MasterCraft product brand through its dealer network. The Company manufactures a range of Hydra-Sports recreational fishing boats. It also leases a parts warehouse in the United Kingdom to expedite service, primarily to dealers and customers in the European Union. Its MasterCraft-branded portfolio includes Star Series, XSeries and NXT boats. In addition, MCBC offers various accessories, including trailers and aftermarket parts. The Company operates primarily through its subsidiaries, MasterCraft Boat Company, LLC and MCBC Hydra Boats, LLC. MCBC Holdings, Inc. (NASDAQ:MCFT) Recent Trading Information
MCBC Holdings, Inc. (NASDAQ:MCFT) closed its last trading session down -0.08 at 16.82 with 79,361 shares trading hands.