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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
washington, d.c. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): July 14, 2025
MARINE PRODUCTS CORPORATION
(Exact name of registrant as specified in
its charter)
_________________________
| Delaware |
1-16263 |
58-2572419 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329
(Address of principal executive offices) (zip code)
Registrant's telephone
number, including area code: (404) 321-7910
N/A
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
| ¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, $0.10 par value |
|
MPX |
|
New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 14, 2025, the Board of Directors of Marine
Products Corporation (the “Company”) appointed Gary Kolstad as an Independent Director effective as of the same date. Mr.
Kolstad will be compensated on the same basis as the other non-employee directors, and he has not been appointed to any committees at
this time. There are no transactions between Mr. Kolstad and the Company that would be reportable under Item 404(a) of Regulation S-K,
and no arrangements or understandings with any persons pursuant to which he was selected as a director.
Item 9.01 Financial Statements and Exhibits.
99.1 – Press Release dated July 14, 2025
104 - Cover Page Interactive Data File (embedded
within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Marine Products Corporation has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
| |
Marine Products Corporation |
| |
|
| Date: July 14, 2025 |
/s/ Michael L. Schmit |
|
| |
Michael L. Schmit |
| |
Vice President, |
| |
Chief Financial Officer and Treasurer |
