{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-010931","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.593665+00:00","generated_at":"2026-05-16T04:18:20.000252+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Marine Products to combine with MasterCraft; MPX holders get 0.232 MCFT shares + $2.43 cash per share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-010931","json":"https://secwatch.observer/filing/0001104659-26-010931.json","markdown":"https://secwatch.observer/filing/0001104659-26-010931.md","text":"https://secwatch.observer/filing/0001104659-26-010931.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926010931/0001104659-26-010931-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926010931/tm265315d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:18:20.000252+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":"512ee76ccf920f03ee03dd1657dea5a4d9bbfc2d","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926010931/0001104659-26-010931-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"MasterCraft Boat Holdings, Inc., Titan Merger Sub 1, Inc., Titan Merger Sub 2, LLC"},{"label":"Effective","value":"2026-02-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}