Marine Products to combine with MasterCraft; MPX holders get 0.232 MCFT shares + $2.43 cash per share

MARINE PRODUCTS CORP

Each MPX share receives 0.232 MasterCraft shares and $2.43 cash; combined company to trade on Nasdaq under MCFT.
Stockholders holding 69.1% of MPX voting power have agreed to vote in favor via a Voting Agreement.
Merger expected to close by August 5, 2026, extendable to Nov 5, 2026, subject to shareholder votes, HSR clearance, and Nasdaq listing.
MasterCraft board expands from 7 to 10 members; adds Timothy Rollins, Callum Macgregor, and Steven Lewis.
Termination fee of $11.6M payable under specified circumstances; includes no-shop restrictions with fiduciary out.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARINE PRODUCTS CORP entered into Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc., Titan Merger Sub 1, Inc., Titan Merger Sub 2, LLC (effective 2026-02-05).

Action: entry
Agreement: merger
Counterparty: MasterCraft Boat Holdings, Inc., Titan Merger Sub 1, Inc., Titan Merger Sub 2, LLC
Effective: 2026-02-05

Exact text from the filing

On February 5, 2026, Marine Products Corporation, a Delaware corporation (“Marine Products”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among MasterCraft Boat Holdings, Inc., a Delaware corporation (“MasterCraft”), Titan Merger Sub 1, Inc., a Delaware corporation and a wholly owned, direct subsidiary of MasterCraft (“Merger Sub I”), Titan Merger Sub 2, LLC, a Delaware limited liability company and a wholly owned, direct subsidiary of MasterCraft (“Merger Sub II”), and Marine Products.

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329 material agreements filed in the last 30 days. Browse all material agreements →

MARINE PRODUCTS CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-010931

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