Marine Products (NYSE: MPX) director exits holdings in MasterCraft merger

Rhea-AI Filing Summary

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.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nix Jerry

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	15,909	$8.18	$130K

Holdings After Transaction: Common Stock, $.10 Par Value — 0 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares exchanged: 15,909 shares Implied transaction price: $8.18 per share Stock consideration ratio: 0.232 shares +2 more

5 metrics

Shares exchanged 15,909 shares Marine Products common stock disposed in merger-related transaction

Implied transaction price $8.18 per share Reported transaction price for Marine Products common stock

Stock consideration ratio 0.232 shares MasterCraft common stock received per Marine Products share

Cash consideration $2.43 per share Cash paid per Marine Products share, before withholding taxes

Post-transaction MPX holdings 0 shares Jerry Nix’s direct Marine Products common stock after exchange

Key Terms

Agreement and Plan of Merger, Common Stock, $.10 Par Value, par value $0.01 per share, withholding taxes

4 terms

Agreement and Plan of Merger regulatory

"The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Common Stock, $.10 Par Value financial

"security_title: Common Stock, $.10 Par Value"

par value $0.01 per share financial

"MasterCraft Common Stock, par value $0.01 per share"

withholding taxes financial

"$2.43 in cash, without interest and less applicable withholding taxes"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nix Jerry

(Last) (First) (Middle)

2801 BUFORD HIGHWAY

SUITE 300

(Street)

ATLANTA GEORGIA 30329

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARINE PRODUCTS GROUP, LLC [ MPX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.10 Par Value	05/15/2026		J		15,909	D	$8.18(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 5, 2026, by and among MasterCraft Boat Holdings, Inc., a Delaware corporation ("MasterCraft"). Upon effectiveness of the merger, in exchange for each share of Common Stock, the reporting person received the right to receive 0.232 shares of MasterCraft Common Stock, par value $0.01 per share and $2.43 in cash, without interest and less applicable withholding taxes.

	/s/ Jerry W. Nix	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Marine Products (MPX) director Jerry Nix report in this Form 4?

Jerry Nix reported an exchange of 15,909 Marine Products common shares as part of a merger with MasterCraft. His Marine Products holdings fell to zero after receiving MasterCraft stock and cash consideration for each surrendered share.

How many Marine Products (MPX) shares were involved in Jerry Nix’s transaction?

The Form 4 shows 15,909 shares of Marine Products common stock were exchanged. These shares were disposed of under the merger terms and converted into a mix of MasterCraft stock and cash consideration specified in the merger agreement.

What consideration did Jerry Nix receive per Marine Products (MPX) share?

For each Marine Products share, Nix received the right to 0.232 shares of MasterCraft common stock plus $2.43 in cash. This combination of stock and cash was provided without interest and subject to applicable withholding taxes under the merger agreement.

What is Jerry Nix’s Marine Products (MPX) ownership after the merger transaction?

After the merger-related exchange, Nix’s reported direct ownership of Marine Products common stock is zero shares. His prior holdings were fully converted into MasterCraft stock and cash in accordance with the Agreement and Plan of Merger’s stated terms.

Was Jerry Nix’s Marine Products (MPX) Form 4 a regular market buy or sell?

No, the Form 4 reflects an “other” transaction tied to a merger, not an open-market trade. His Marine Products shares were automatically exchanged for MasterCraft stock and cash under the merger agreement, rather than through discretionary market buying or selling.