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 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 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 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 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 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 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 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 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 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 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 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 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 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.
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