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Late last month, the Securities and Exchange Commission (SEC) launched a new Small Business Capital Formation Advisory Committee to ensure that emerging companies have a voice in SEC decision-making. One of the founding members of the Advisory Committee will be Terry McNew, President and CEO of MasterCraft Boat Holdings – an 882-employee boat manufacturer based in Vonore, Tennessee.

Established pursuant to the SEC Small Business Advocate Act of 2016, the Advisory Committee will work with the SEC’s Advocate for Small Business Capital Formation (a position also created by the Act) to advise the SEC on problems that small businesses have in securing access to capital, identify areas in which small businesses and their investors would benefit from changes to existing rules and regulations, and propose appropriate reforms to the SEC and Congress.

Mr. McNew will bring a strong manufacturing voice to the Advisory Committee, building on his 31 years of experience in the marine manufacturing industry. Prior to joining MasterCraft in 2012, he was the Executive Vice President of Product Development and Engineering, Manufacturing, and Quality for the Brunswick Recreation Boat Group.

NMMA congratulates Mr. McNew on his exciting new role and looks forward to the SEC taking steps to incorporate the Advisory Committee’s expertise into future decisions that impact capital formation and job creation at small businesses across the country.