Highest-materiality recent filing
Marine Products acquired by MasterCraft; shareholders get 0.232 MasterCraft shares + $2.43 cash
Merger completed May 15, 2026; each MPX share converted to 0.232 MasterCraft shares + $2.43 cash.
Marine Products stockholders approve merger with MasterCraft; closing expected May 15, 2026
At special meeting on May 12, 2026, 30.5M shares voted FOR the merger agreement (86.5% of quorum).
Marine Products Q1 net loss $2.1M; sales up 13%; merger vote May 12
Net sales $66.5M, up 13% YoY; net loss ($2.1M) vs prior year income $2.2M.
Marine Products supplements merger proxy after two shareholder lawsuits
Two shareholder complaints filed in NY Supreme Court alleging misleading proxy statements for merger with MasterCraft.
Marine Products declares $0.14 quarterly dividend, payable May 14, 2026
Board declared regular quarterly cash dividend of $0.14 per share.
Ben Palmer (CEO) eligible for $200,000 bonus; Michael Schmit (CFO) eligible for $100,000.
Marine Products to be acquired by MasterCraft for ~$7.79/share; Q4 net sales up 35%
MasterCraft acquires Marine Products for $2.43 cash + 0.232 MCFT shares per MPX share, total ~$7.79/share.
Each MPX share receives 0.232 MasterCraft shares and $2.43 cash; combined company to trade on Nasdaq under MCFT.
Marine Products director Nix won't seek reelection; declares $0.14 quarterly dividend
Director Jerry W. Nix will not stand for reelection at the 2026 annual meeting; will continue as director until then.
Marine Products Q3 sales +7% to $53.1M, net income -22% to $2.7M; declares $0.14 dividend
Diluted EPS $0.07 vs $0.10 in 3Q24; net income margin down 180 bps to 5.0%.
Marine Products Q2 net sales down 3% to $67.7M; EPS $0.12, declares $0.14 dividend
Net sales $67.7M (-3% YoY); net income $4.2M (-25%); diluted EPS $0.12 vs $0.14.
Marine Products appoints Gary Kolstad as independent director effective July 14, 2025
Gary Kolstad appointed to Board of Directors effective July 14, 2025.
Marine Products declassifies board, removes supermajority provisions after shareholder vote
Six directors resigned and were reappointed for one-year terms to facilitate board declassification.
Marine Products Q1 net sales down 15% to $59M, EPS $0.06; declares $0.14 dividend
Net sales $59.0M, down 15% YoY; boats sold down 19%, partially offset by 4% price/mix increase.
Marine Products directors Gary Rollins and Pamela Rollins to retire at 2025 annual meeting
Gary W. Rollins and Pamela R. Rollins informed the Board on Feb 18, 2025 of their retirement.
Marine Products Q4 net sales down 33% YoY to $47.8M; EBITDA $4.4M; declares $0.14 dividend
Q4 net sales fell 33% YoY to $47.8M; net income $4.3M, diluted EPS $0.12 (down 21% YoY).
Marine Products declassifies board, removes supermajority, adopts proxy rule changes
Board declassified effective 2026 Annual Meeting; directors to resign and be reappointed for one-year terms.
Marine Products Q3 net sales down 36% to $49.9M; EPS drops to $0.10 from $0.30
Net income fell 67% YoY to $3.4M; diluted EPS was $0.10 vs $0.30 in 3Q:23.
Marine Products Q2 EPS $0.14, net sales $69.5M (-40% YoY), net income -61%
Net sales $69.5M, down 40% YoY; net income $5.6M, down 61%; diluted EPS $0.14, down from $0.42.
Marine Products Q1 sales drop 42%; declares $0.70 special dividend
Net sales $69.3M, down 42% YoY; net income $4.6M, diluted EPS $0.13 (down 60% and 62% respectively).
Marine Products stockholders approve 2024 Stock Incentive Plan at annual meeting
Stockholders approved 2024 Stock Incentive Plan authorizing grants of stock options and other equity to directors, officers, and key employees.
Marine Products Q4 net sales down 35% to $70.9M; EPS $0.16 vs $0.35 YoY
Net sales $70.9M (-35% YoY); boats sold down 34%; net income $5.4M (-54% YoY); diluted EPS $0.16.
Marine Products Q3 net sales down 22% to $77.8M; EPS $0.30 vs $0.34
Net sales $77.8M vs $100.1M YoY; boat units down 24%, average selling price up 5%.
Marine Products declares regular quarterly dividend of $0.14/share
Dividend of $0.14 per share declared, payable December 11, 2023.
Marine Products announces Q3 2023 earnings release date of Oct 25, 2023
Q3 2023 financial results to be released Wednesday, October 25, 2023 before market open.
Marine Products Q2 net sales up 21% to $116.2M; EPS rises 45% to $0.42
Net sales $116.2M, up 21% YoY; unit sales +11%, avg selling price +10%.
Marine Products declares $0.14/share quarterly dividend payable Sept 11
Regular quarterly cash dividend of $0.14 per share declared.
Marine Products sets Q2 2023 earnings release for July 26
Q2 2023 financial results will be released on July 26, 2023 before market open.
Marine Products to present at Baird 2023 Global Consumer Technology and Services Conference
Management will present on Tuesday, June 6, 2023 at 4:55 PM ET in New York.
Marine Products elects three Class I directors, ratifies auditor, adopts 3-year say-on-pay frequency
Elected Jerry W. Nix, Patrick J. Gunning, and Ben M. Palmer as Class I directors with over 29.8M votes each.
Marine Products Q1 net sales record $118.9M, +55% YoY; EPS $0.34 +62%
Revenue $118.9M (+55% YoY); diluted EPS $0.34 (up 62% from $0.21).
Marine Products declares regular quarterly cash dividend of $0.14/share
Dividend of $0.14 per share payable June 9, 2023.
Marine Products to present at 26th Annual Burkenroad Conference on April 28
Presentation on Friday, April 28, 2023, at Ritz Carlton New Orleans.
Marine Products Corp to release Q1 2023 results on April 26, 2023
Q1 2023 financial results will be released before market open on April 26, 2023.
Marine Products declares $0.14 quarterly dividend, payable March 10, 2023
Board declared a regular quarterly cash dividend of $0.14 per share.
Marine Products Q4 net sales record $108.5M, up 42% YoY; EPS $0.35 vs $0.25
Q4 net sales $108.5M (+42% YoY), unit sales +29%, ASP +12%; net income $11.9M, EPS $0.35 (+40%).
Marine Products schedules Q4 2022 earnings release for Jan 25, 2023
Q4 and full-year 2022 results to be released Jan 25, 2023 before market open.
Marine Products updates investor presentation with TTM Q3 22 sales $349M, EBITDA $50M
TTM Q3 22 sales of $349M, EBITDA of $50M; LTM gross margin ~24%, EBITDA margin ~13%.
Marine Products appoints Amy R. Kreisler to Board of Directors
Appointed effective Oct 25, 2022, will stand for election as Class III director in 2025.
Marine Products raises quarterly dividend 17% to $0.14 per share
Quarterly cash dividend increased from $0.12 to $0.14 per share.
Marine Products Q3 record net sales $100.1M; EPS $0.34 (+70% YoY)
Net sales $100.1M, up 32% YoY; units flat, average selling price +33%.
Marine Products Corp sets Q3 2022 earnings release date for Oct 26, conference call same day
Q3 2022 results will be released on Wednesday, October 26, 2022 before market open.
Marine Products declares $0.12/quarter dividend payable Sep 9, 2022
Regular quarterly cash dividend of $0.12 per share declared.
Marine Products Q2 net sales $95.8M (+42% YoY); EPS $0.29 (+71%)
Net sales $95.8M, +42% YoY; diluted EPS $0.29, +71% from $0.17 in prior year.
Marine Products announces Q2 2022 earnings release date and conference call
Q2 2022 results will be released on July 27, 2022 before market open.
Marine Products CEO Hubbell becomes Executive Chairman; Palmer promoted to CEO, Schmit new CFO
Richard Hubbell transitions from CEO to Executive Chairman; Gary Rollins steps down as Non-Executive Chairman but remains a director.
Marine Products Corp. announces 2022 annual meeting voting results
Shareholders elected Class III directors Susan R. Bell, Pamela R. Rollins, and Timothy C. Rollins.
Marine Products declares $0.12 quarterly dividend payable June 10, 2022
Board declared a regular quarterly cash dividend of $0.12 per share.
Marine Products Q1 net sales $76.6M (-2.2% YoY); EPS $0.21 vs $0.24
Net sales $76.6M, down 2.2% YoY; diluted EPS $0.21 vs $0.24 in prior year quarter.
Marine Products appoints John F. Wilson to Board of Directors effective April 26, 2022
John F. Wilson appointed director; to serve as Class II director and on Audit Committee.
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.
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.
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.
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.
Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer.
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.
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.
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.
Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer.
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.
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.
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.
Max materiality 1.00 · Median 0.45 · Most common event earnings