{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-063485","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2022-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.840740+00:00","generated_at":"2026-06-25T08:34:47.030602+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Marine Products CEO Hubbell becomes Executive Chairman; Palmer promoted to CEO, Schmit new CFO","bullets":["Richard Hubbell transitions from CEO to Executive Chairman; Gary Rollins steps down as Non-Executive Chairman but remains a director.","Ben Palmer promoted from CFO to President and CEO, appointed to Board as Class I director.","Michael Schmit appointed VP, CFO and Corporate Secretary, effective May 17, 2022.","Palmer annual base salary $450k, stock grant of 40,000 RSUs; Hubbell $300k salary, 26,000 RSUs; Schmit $150k salary, 15,000 RSUs."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-063485","json":"https://secwatch.observer/filing/0001104659-22-063485.json","markdown":"https://secwatch.observer/filing/0001104659-22-063485.md","text":"https://secwatch.observer/filing/0001104659-22-063485.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/0001104659-22-063485-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/tm2216223d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T08:34:47.030602+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b5bb69ab9","claim":"Ben M. Palmer was appointed as Class I Director at MARINE PRODUCTS CORP.","evidence_excerpt":"Mr. Palmer was also appointed to the Board as a Class I director and the Executive Committee as of the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/0001104659-22-063485-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"5728198446","claim":"Richard A. Hubbell was appointed as Executive Chairman of the Board at MARINE PRODUCTS CORP.","evidence_excerpt":"Richard A. Hubbell was appointed to serve as Executive Chairman of the Board for a period of one year or until his successor is appointed, effective upon the resignation of Gary W. Rollins as Non-Executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/0001104659-22-063485-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"c67665ac34","claim":"Gary W. Rollins resigned as Director at MARINE PRODUCTS CORP.","evidence_excerpt":"Gary W. Rollins, who served as Non-Executive Chairman following the passing of Mr. R. Randall Rollins, resigned from that position on the Effective Date, but remains on the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/0001104659-22-063485-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ca8babf092","claim":"Ben M. Palmer changed role as President and Chief Executive Officer at MARINE PRODUCTS CORP.","evidence_excerpt":"Ben M. Palmer was appointed to serve as President and Chief Executive Officer of the Company for a period of one year or until his successor is appointed, effective upon the resignation of Mr. Hubbell from that position, which occurred on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/0001104659-22-063485-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"d065512796","claim":"Michael L. Schmit was appointed as Vice President, Chief Financial Officer and Corporate Secretary at MARINE PRODUCTS CORP.","evidence_excerpt":"Michael L. Schmit, age 49, was appointed to serve as Vice President, Chief Financial Officer and Corporate Secretary of the Company for a period of one year or until his successor is appointed, effective upon the resignation of Mr. Palmer from that position, which occurred on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922063485/0001104659-22-063485-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Vice President, Chief Financial Officer and Corporate Secretary"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}