Marine Products (NYSE: MPX) dividend announcement and board update

Rhea-AI Filing Summary

Marine Products Corporation reported two corporate updates. Director Jerry W. Nix informed the Board he will not stand for reelection at the 2026 Annual Meeting of Stockholders but will continue to serve, including as Lead Independent Director and key committee chair, until that meeting.

The company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share, payable on March 10, 2026 to common stockholders of record at the close of business on February 10, 2026. The filing notes that Mr. Nix’s decision was not due to any disagreement with the company.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

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Date of Report (Date of earliest event reported): January 28, 2026

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MARINE PRODUCTS CORPORATION

(Exact name of registrant as specified in its charter)

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Delaware	1-16263	58-2572419
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329

(Address of principal executive office) (zip code)

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Registrant's telephone number, including area code: (404) 321-7910

N/A

(Former name or former address, if changed since last report.)

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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):

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐	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))

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Securities registered pursuant to Section 12(b) of the Act:

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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

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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).

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Emerging growth company ☐

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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. ☐

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On January 27, 2026, Jerry W. Nix, a current director of Marine Products Corporation (the “Company”), informed the Board of Directors that he will not stand for reelection as a director at the Company’s 2026 Annual Meeting of Stockholders.  Mr. Nix will serve out his term and continue to serve as a director of the Company until the 2026 Annual Meeting and will continue as Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, and Chairman of the Nominating and Corporate Governance Committee, and as a member of the Audit Committee, until the 2026 Annual Meeting.  Mr. Nix’s decision not to stand for reelection was not due to any disagreement between Mr. Nix and the Company regarding any matter relating to the Company’s operations, policies or practices.

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Item 8.01  Other Events.

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On January 28, 2026, Marine Products Corporation issued a press release titled, "Marine Products Corporation Announces Regular Quarterly Cash Dividend."  The press release announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable March 10, 2026 to common stockholders of record at the close of business on February 10, 2026.  

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Item 9.01. Financial Statements and Exhibits.

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	99.1	Press Release dated January 28, 2026
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

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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.

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	Marine Products Corporation
Date: January 28, 2026	/s/ Michael L. Schmit
	Michael L. Schmit
	Vice President and Chief Financial Officer

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FAQ

What did Marine Products Corporation (MPX) disclose in this 8-K filing?

Marine Products Corporation disclosed a planned board change and a regular cash dividend. Director Jerry W. Nix will not stand for reelection in 2026, and the Board declared a $0.14 per share quarterly dividend with specified record and payment dates.

Who is Jerry W. Nix and what change was announced about his role at MPX?

Jerry W. Nix is a director at Marine Products Corporation and its Lead Independent Director. He informed the Board he will not stand for reelection at the 2026 Annual Meeting but will continue serving in his director and committee roles until that meeting.

Did Jerry W. Nix resign over disagreements with Marine Products Corporation?

No, the company stated that Jerry W. Nix’s decision not to stand for reelection was not due to any disagreement with Marine Products Corporation regarding its operations, policies, or practices, indicating it is a planned transition rather than a dispute-driven departure.

What dividend did Marine Products Corporation (MPX) declare in this report?

Marine Products Corporation declared a regular quarterly cash dividend of $0.14 per share. This dividend applies to its common stock and reflects an ongoing pattern of returning cash to shareholders through periodic distributions authorized by the Board of Directors.

When is the record date and payment date for MPX’s $0.14 dividend?

The $0.14 per share quarterly dividend will be paid on March 10, 2026. Shareholders must be common stockholders of record at the close of business on February 10, 2026 to be eligible to receive this dividend payment from Marine Products Corporation.

What board and committee roles will Jerry W. Nix hold until the 2026 Annual Meeting?

Until the 2026 Annual Meeting, Jerry W. Nix will remain a director, Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, Chairman of the Nominating and Corporate Governance Committee, and a member of the Audit Committee at Marine Products Corporation.