{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-010656","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.593542+00:00","generated_at":"2026-05-16T04:17:21.494759+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Marine Products to be acquired by MasterCraft for ~$7.79/share; Q4 net sales up 35%","bullets":["MasterCraft acquires Marine Products for $2.43 cash + 0.232 MCFT shares per MPX share, total ~$7.79/share.","Transaction valued at ~$232.2M net of cash; implies ~7.2x expected EBITDA (adjusted for $6M cost savings).","Pro forma combined net sales ~$560M, adjusted EBITDA ~$64M for 12 mo ending Jun 30, 2026; accretive to adj EPS in FY2027.","Marine Products Q4 net sales $64.6M (+35% YoY); net income $2.4M (-45%); adj diluted EPS $0.10.","Closing expected Q2 2026; LOR, Inc. (majority holder) agrees to vote in favor; MasterCraft CEO to lead combined company."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-010656","json":"https://secwatch.observer/filing/0001104659-26-010656.json","markdown":"https://secwatch.observer/filing/0001104659-26-010656.md","text":"https://secwatch.observer/filing/0001104659-26-010656.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926010656/0001104659-26-010656-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926010656/tm265315d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:17:21.494759+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}