Welcome to our dedicated page for MARINE PRODUCTS GROUP SEC filings (Ticker: MPX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Marine Products Group, LLC director Jerry Nix reported an exchange of 15,909 shares of common stock in connection with a merger. These shares were disposed of under an Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc.
For each Marine Products share, Nix received the right to 0.232 shares of MasterCraft common stock plus $2.43 in cash, before any applicable withholding taxes. Following this transaction, his reported direct holdings of Marine Products common stock were reduced to zero.
MARINE PRODUCTS GROUP, LLC director Susan R. Bell reported that her 18,409 shares of Common Stock were disposed of in connection with a merger involving MasterCraft Boat Holdings, Inc. Under the merger terms, each Marine Products share was exchanged for the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash, before any applicable withholding taxes. Following this transaction, the filing shows she holds no Marine Products common shares directly.
MARINE PRODUCTS GROUP, LLC director Stephen E. Lewis reported an automatic restructuring of 5,801 shares of Common Stock. The shares were disposed of in connection with a merger under an Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc.
For each share of Marine Products Common Stock, the reporting person received the right to 0.232 shares of MasterCraft Common Stock plus $2.43 in cash, before any applicable withholding taxes. Following the transaction, the filing shows zero Marine Products shares held directly, reflecting the conversion into merger consideration.
Marine Products Group director Patrick J. Gunning reported an “other” restructuring transaction tied to the company’s merger with MasterCraft Boat Holdings. He disposed of 17,909 shares of Marine Products common stock. For each share, he became entitled to receive 0.232 MasterCraft share and $2.43 in cash, and his reported direct Marine Products holdings fell to zero.
Marine Products Group’s former CFO Michael Schmit reported merger-related equity changes. He received a grant of 22,339 shares of Common Stock at no cost as performance share units and dividend equivalents vested at target under a merger agreement. Immediately afterward, all 100,577 shares of Common Stock were converted in the merger into the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash per Marine Products share, leaving him with no remaining Marine Products holdings.
Marine Products Group director John F. Wilson reported a restructuring transaction tied to the company’s merger with MasterCraft Boat Holdings. The filing shows 16,909 shares of Common Stock, $.10 par value, were disposed of pursuant to the Agreement and Plan of Merger.
Under the merger terms, for each Marine Products share, Wilson received the right to 0.232 shares of MasterCraft common stock plus $2.43 in cash, before any withholding taxes. Following this transaction, the Form 4 reports that Wilson holds 0 shares of Marine Products common stock directly.
Marine Products Group director Gary A. Kolstad reported an "other" transaction involving 4,651 shares of common stock. According to the merger agreement with MasterCraft Boat Holdings, each Marine Products share was exchanged for the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash. Following this merger-related exchange, Kolstad reported 0 shares of Marine Products common stock owned directly.
Marine Products Group director and former CEO Ben M. Palmer reported share movements tied to the company’s merger with MasterCraft Boat Holdings. He received 75,303 shares of Marine Products common stock as a grant or similar acquisition under the February 5, 2026 Agreement and Plan of Merger.
Immediately before the merger became effective, all outstanding performance share units vested at target performance and dividend equivalents, and all restricted stock vested in full. At closing, each share of Marine Products common stock was exchanged for the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash per share.
Following the merger-related exchange of 678,399 Marine Products shares, Palmer’s reported direct holdings of Marine Products common stock fell to zero, reflecting the conversion of his equity into MasterCraft stock and cash under the merger terms.
HUBBELL RICHARD A reported acquisition or exercise transactions in this Form 4 filing.
MARINE PRODUCTS GROUP, LLC director and former executive chairman Richard A. Hubbell reported merger-related equity changes with no open‑market buying or selling. He received a grant of 40,245 shares of common stock as a compensation award, bringing his reported holdings to 1,356,544 shares before the merger restructuring.
Under a merger agreement with MasterCraft Boat Holdings, each Marine Products share, including vested restricted stock and performance share units with dividend equivalents, was exchanged for 0.232 shares of MasterCraft common stock plus $2.43 in cash per share, less applicable taxes. This exchange disposed of his Marine Products shares in return for MasterCraft stock and cash.