--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-26-062557" form_type: "8-K" ticker: "MPX" cik: "0001129155" company_name: "MARINE PRODUCTS CORP" filed_at: "2026-05-15T20:15:20+00:00" generated_at: "2026-05-15T20:22:37.459081+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Marine Products acquired by MasterCraft; shareholders get 0.232 MasterCraft shares + $2.43 cash ## Summary - 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. ## SEC filing metadata - accession: 0001104659-26-062557 - form_type: 8-K - ticker: MPX - cik: 0001129155 - company_name: MARINE PRODUCTS CORP - filed_at: 2026-05-15T20:15:20+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/tm2614719d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-062557 - JSON: https://secwatch.observer/filing/0001104659-26-062557.json - Plain text: https://secwatch.observer/filing/0001104659-26-062557.txt ## Key facts - Executive change Richard A. Hubbell resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Richard A. Hubbell resigned as other_named_officer at MARINE PRODUCTS CORP. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Bradley M. Nelson was appointed as director at MARINE PRODUCTS CORP. - Action: appointed - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Ben M. Palmer resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change W. Scott Kent was appointed as Chief Financial Officer at MARINE PRODUCTS CORP. - Action: appointed - Role: Chief Financial Officer source text: Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change John F. Wilson resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Ben M. Palmer resigned as other_named_officer at MARINE PRODUCTS CORP. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Timothy C. Rollins resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Bradley M. Nelson was appointed as Chief Executive Officer at MARINE PRODUCTS CORP. - Action: appointed - Role: Chief Executive Officer source text: Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change W. Scott Kent was appointed as director at MARINE PRODUCTS CORP. - Action: appointed - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Amy R. Kreisler resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Jerry W. Nix resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Patrick J. Gunning resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Stephen E. Lewis resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Susan R. Bell resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Michael L. Schmit resigned as other_named_officer at MARINE PRODUCTS CORP. - Action: resigned source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Executive change Gary Kolstad resigned as director at MARINE PRODUCTS CORP. - Action: resigned - Role: director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - Governance Changes 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm - M&A Transactions 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.