8-K
filed May 15, 2026, 4:15 PM ET
ticker MPX
CIK 0001129155
M&A
confidence high
sentiment neutral
materiality 0.75
MARINE PRODUCTS CORP (MPX): M&A transaction — Marine Products acquired by MasterCraft; shareholders get 0.232 MasterCraft shares + $2.43 cash
MARINE PRODUCTS CORP
- Merger completed May 15, 2026; each MPX share converted to 0.232 MasterCraft shares + $2.43 cash.
- MPX common stock ceased trading on NYSE; deregistration to follow.
- MasterCraft board expanded to 10; Timothy Rollins, Callum Macgregor, Stephen Lewis appointed.
- All Marine Products directors and named officers resigned; Bradley Nelson (CEO) and Scott Kent (CFO) appointed.
- Specified stockholders have nomination rights for up to 2 directors while owning >=15% voting power.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Hubbell resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Hubbell resigned as other_named_officer at MARINE PRODUCTS CORP.
- Action
- resigned
Exact text from the filing
the following named executive officers of Marine Products voluntarily resigned from any and all of their respective director, manager, or officer positions with Marine Products or any of its subsidiaries: Richard A. Hubbell, Ben M. Palmer and Michael L. Schmit.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bradley M. Nelson was appointed as director at MARINE PRODUCTS CORP.
- Action
- appointed
- Role
- director
Exact text from the filing
the directors and officers of Merger Sub I immediately prior to the First Effective Time became the directors and officers of Marine Products immediately following the First Effective Time: Bradley M. Nelson and W. Scott Kent.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ben M. Palmer resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
W. Scott Kent was appointed as Chief Financial Officer at MARINE PRODUCTS CORP.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John F. Wilson resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ben M. Palmer resigned as other_named_officer at MARINE PRODUCTS CORP.
- Action
- resigned
Exact text from the filing
the following named executive officers of Marine Products voluntarily resigned from any and all of their respective director, manager, or officer positions with Marine Products or any of its subsidiaries: Richard A. Hubbell, Ben M. Palmer and Michael L. Schmit.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy C. Rollins resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bradley M. Nelson was appointed as Chief Executive Officer at MARINE PRODUCTS CORP.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
W. Scott Kent was appointed as director at MARINE PRODUCTS CORP.
- Action
- appointed
- Role
- director
Exact text from the filing
the directors and officers of Merger Sub I immediately prior to the First Effective Time became the directors and officers of Marine Products immediately following the First Effective Time: Bradley M. Nelson and W. Scott Kent.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Amy R. Kreisler resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jerry W. Nix resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patrick J. Gunning resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen E. Lewis resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan R. Bell resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael L. Schmit resigned as other_named_officer at MARINE PRODUCTS CORP.
- Action
- resigned
Exact text from the filing
the following named executive officers of Marine Products voluntarily resigned from any and all of their respective director, manager, or officer positions with Marine Products or any of its subsidiaries: Richard A. Hubbell, Ben M. Palmer and Michael L. Schmit.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Kolstad resigned as director at MARINE PRODUCTS CORP.
- Action
- resigned
- Role
- director
Exact text from the filing
Richard A. Hubbell, Jerry W. Nix, Susan R. Bell, Patrick J. Gunning, Gary Kolstad, Amy R. Kreisler, Stephen E. Lewis, Ben M. Palmer, Timothy C. Rollins and John F. Wilson.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
MARINE PRODUCTS CORP: Marine Products' certificate of incorporation and bylaws, as in effect immediately prior to the First Effective Time, became the certificate of incorporation and bylaws of the First Merger surviving entity.
- Change
- charter amendment
Exact text from the filing
Pursuant to the Merger Agreement, at the First Effective Time, Marine Products’ certificate of incorporation, as amended, as in effect immediately prior to the First Effective Time became the certificate of incorporation for the First Merger surviving entity, and Marine Products’ bylaws, as amended and restated, as in effect immediately prior to the First Effective Time, became the bylaws of the First Merger surviving entity.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
MARINE PRODUCTS CORP underwent a change of control involving MasterCraft Boat Holdings, Inc. for 0.232 shares of MasterCraft common stock and $2.43 in cash (closed 2026-05-15).
- Action
- change of control
- Counterparty
- MasterCraft Boat Holdings, Inc.
- Consideration
- 0.232 shares of MasterCraft common stock and $2.43 in cash
- Closing
- 2026-05-15
Exact text from the filing
prior to the First Effective Time, except for shares held by MasterCraft or Marine Products, or their direct or indirect subsidiaries, converted into the right to receive 0.232 shares (the “Stock Consideration”) of MasterCraft common stock, par value $0.01 per share (“MasterCraft Common Stock”) and $2.43 in cash, without interest (the “Cash
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.