Marine Products supplements merger proxy after two shareholder lawsuits

MARINE PRODUCTS CORP

Two shareholder complaints filed in NY Supreme Court alleging misleading proxy statements for merger with MasterCraft.
Company denies allegations but voluntarily supplements proxy to moot claims and avoid litigation costs.
Supplemental disclosures include additional details on financial advisor analyses and board interests.
Special meeting of stockholders remains scheduled for May 12, 2026; board continues to recommend approval.

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