---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-029931"
form_type: "8-K"
ticker: "MPX"
cik: "0001129155"
company_name: "MARINE PRODUCTS CORP"
filed_at: "2026-03-18T23:59:59+00:00"
generated_at: "2026-05-15T09:49:36.145223+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-029931
- form_type: 8-K
- ticker: MPX
- cik: 0001129155
- company_name: MARINE PRODUCTS CORP
- filed_at: 2026-03-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1129155/000110465926029931/0001104659-26-029931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000110465926029931/tm269178d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-029931
- JSON: https://secwatch.observer/filing/0001104659-26-029931.json
- Plain text: https://secwatch.observer/filing/0001104659-26-029931.txt

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