Marine Products declassifies board, removes supermajority provisions after shareholder vote

MARINE PRODUCTS CORP

Six directors resigned and were reappointed for one-year terms to facilitate board declassification.
Shareholders approved board declassification (30.6M for, 95k against) effective April 22, 2025.
Shareholders removed 66.7% supermajority vote requirements to remove directors (26.6M for, 4.0M against).
Shareholders also removed 66.7% supermajority to amend bylaws (26.6M for, 4.0M against) and special meeting provision.
Grant Thornton LLP ratified as independent auditor for fiscal 2025 with 32.3M votes for.

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