Every 8-K that Marine Products Corp. (MPX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MPX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MPX filings page.
Marine Products Group, LLC, as successor to Marine Products Corporation, reports completion of its previously announced merger with MasterCraft Boat Holdings, Inc. Marine Products first merged into a MasterCraft subsidiary and then into Titan Merger Sub 2, LLC, which was renamed Marine Products Group, LLC and became a wholly owned MasterCraft subsidiary.
At the first effective time, each share of Marine Products common stock converted into the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash, except specified excluded shares and assumed restricted stock awards. Cash was paid instead of fractional MasterCraft shares based on a $25.27 closing VWAP. Certain equity awards vested or converted into MasterCraft restricted stock with similar vesting terms.
Marine Products common stock ceased trading on the NYSE before the open on May 15, 2026, and the company has requested NYSE file Form 25 to delist and deregister the shares. Following the merger, Marine Products is under MasterCraft’s control, its former directors and key officers resigned, and MasterCraft expanded its board to add three former Marine Products directors under a stockholders’ agreement that also grants specified holders ongoing board nomination rights tied to their voting power.
Marine Products Corporation reports that its stockholders approved the pending merger with MasterCraft Boat Holdings at a special meeting. As of the March 30, 2026 record date, 35,234,398 common shares were outstanding, and 30,817,468 shares were represented, constituting a quorum. The Merger Agreement proposal received 30,470,005 votes for, 331,629 against and 15,834 abstentions, and related compensation and adjournment proposals also passed. The Hart-Scott-Rodino Act waiting period expired on April 6, 2026, satisfying a key regulatory condition. Subject to remaining closing conditions, the two-step merger is expected to close on or about May 15, 2026, after which Marine Products will become an indirect wholly owned subsidiary of MasterCraft.
Marine Products Corporation reported first quarter 2026 results showing higher sales but a GAAP loss as it advances its planned merger with MasterCraft.
Net sales rose 13% year-over-year to $66.5 million, driven by a 15% price/mix increase, while boat unit volumes slipped 1%. Gross profit was $11.1 million, but gross margin declined to 16.6% due to higher labor and overhead costs. Selling, general and administrative expenses increased to $8.8 million and merger related costs were $5.0 million.
The company posted a net loss of $2.1 million, or $(0.06) per diluted share, compared with net income of $2.2 million and $0.06 per share a year earlier. Adjusted diluted earnings per share, excluding merger related costs, were $0.05. (LBITDA) EBITDA was a loss of $1.9 million, while Adjusted EBITDA was $3.0 million.
Marine Products ended the quarter with $45.8 million in cash and cash equivalents, generated $9.1 million of net cash from operating activities and free cash flow of $8.6 million. Year-to-date dividend payments totaled $4.9 million, and the board declared a quarterly dividend of $0.14 per share payable on May 14, 2026.
The company highlighted its previously announced Agreement and Plan of Merger with MasterCraft Boat Holdings. The Hart-Scott-Rodino waiting period expired on April 6, 2026, shareholder votes are scheduled for May 12, 2026, and the transaction is expected to close in the second calendar quarter of 2026, subject to customary conditions.
Marine Products Corporation announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share. The dividend will be payable on May 14, 2026 to common stockholders of record at the close of business on May 8, 2026.
Marine Products Corporation reported that its Human Capital Management and Compensation Committee approved cash transaction bonuses for two named executive officers in connection with its pending merger with MasterCraft Boat Holdings. Ben M. Palmer is eligible for a $200,000 bonus and Michael L. Schmit is eligible for a $100,000 bonus.
These bonuses are contingent on the closing of the previously announced stock-and-cash merger with MasterCraft. Half of each bonus will be paid at closing, with the remaining half payable 90 days after closing. The filing also includes extensive forward-looking statement cautions and directs investors to the Form S-4 registration statement and joint proxy statement/prospectus for more information about the transaction.
Marine Products Corporation agreed to be acquired by MasterCraft Boat Holdings in a stock-and-cash merger. Each share of Marine Products common stock will be converted into 0.232 shares of MasterCraft common stock plus $2.43 in cash at closing.
The deal uses a two-step merger structure that will leave Marine Products as part of a wholly owned MasterCraft subsidiary. Outstanding restricted stock and performance units will generally vest and receive the same merger consideration, with certain 2026 restricted awards rolling into MasterCraft equity.
MasterCraft’s board will expand from seven to ten members, adding three Marine Products-affiliated directors at closing. A voting agreement with key Marine Products stockholders, who hold about 69.1% of voting power, supports approval of the merger, subject to a cap if the Marine Products board changes its recommendation. The merger is subject to shareholder approvals, regulatory clearances, a Form S-4 registration becoming effective, and other customary conditions. Either party may owe an $11.6 million termination fee in specified circumstances.
Marine Products Corporation disclosed that it released its financial results for the fourth quarter and full year 2025, with the full text of the earnings press release furnished as an exhibit.
The company also announced that it entered into an Agreement and Plan of Merger for Marine Products to be acquired by MasterCraft Boat Holdings, Inc., using a two‑step merger structure involving MasterCraft subsidiaries. A joint press release and an investor presentation describing the transaction are furnished as additional exhibits, and future materials, including a Form S-4 registration statement and joint proxy statement/prospectus, are expected to be filed with the SEC for shareholder votes.
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.
Marine Products Corporation (MPX) reported that it issued a press release titled “Marine Products Corporation Reports Third Quarter 2025 Financial Results And Declares Regular Quarterly Dividend.” The release covers financial results for the quarter ended September 30, 2025 and announces a regular quarterly dividend.
The press release is furnished as Exhibit 99.1 to the Form 8-K dated October 30, 2025.