---
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"
generated_at: "2026-05-16T04:18:20.000252+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-010931
- JSON: https://secwatch.observer/filing/0001104659-26-010931.json
- Plain text: https://secwatch.observer/filing/0001104659-26-010931.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926010931/0001104659-26-010931-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.