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.

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