Marine Products approves $300K in cash transaction bonuses for CEO and CFO contingent on MasterCraft merger closing

MARINE PRODUCTS CORP

Ben Palmer (CEO) eligible for $200,000 bonus; Michael Schmit (CFO) eligible for $100,000.
Half payable at closing, remaining half 90 days after closing.
Bonuses approved March 12, 2026 by the Human Capital Management and Compensation Committee.
No other changes to executive compensation or leadership disclosed.

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