Marine Products (MPX) director converts 90,058 shares in MasterCraft cash-stock merger

Rhea-AI Filing Summary

MARINE PRODUCTS GROUP, LLC director Amy Rollins Kreisler reported a disposition of 90,058 shares of Marine Products common stock to the issuer. The Form 4 shows this issuer disposition at a stated price of $0.00 per share, leaving her with no directly held shares after the transaction.

According to a merger agreement between MasterCraft Boat Holdings and Marine Products, each Marine Products share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. The filing notes that MasterCraft common stock closed at $24.64 per share on May 14, 2026, providing context for the stock portion of the merger consideration.

Insights

Equity compensation and M&A analyst

Director’s entire position was surrendered to the issuer as part of a cash-and-stock merger conversion.

The Form 4 shows director Amy Rollins Kreisler disposing of 90,058 shares of Marine Products common stock back to the issuer at a stated price of $0.00 per share. This aligns with a merger structure where legacy shares are canceled and converted into cash and stock in the acquiring company.

Under the merger agreement, each Marine Products share converts into $2.43 cash plus 0.232 shares of MasterCraft common stock, with MasterCraft shares valued at $24.64 at the close on May 14, 2026. The filing indicates Kreisler no longer holds Marine Products shares directly following this conversion, reflecting a full roll-out of her visible position into merger consideration.

Insider Trade Summary

Net Seller: 90,058 shares

Net Sell 1 txn

Insider Kreisler Amy Rollins

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock, $.10 Par Value	90,058	$0.00	$0.00

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

Footnotes (1)

1. F1. Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.

Key Figures

Shares disposed: 90,058 shares Cash consideration per MPX share: $2.43 per share Stock consideration per MPX share: 0.232 MasterCraft shares +2 more

5 metrics

Shares disposed 90,058 shares Disposition to issuer reported on Form 4

Cash consideration per MPX share $2.43 per share Merger conversion into cash

Stock consideration per MPX share 0.232 MasterCraft shares Merger stock component

MasterCraft share price $24.64 per share Closing price on May 14, 2026

Shares after transaction 0 shares Total Marine Products common stock held directly

Key Terms

Agreement and Plan of Merger, First Effective Time, par value, common stock, +1 more

5 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026..."

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.

First Effective Time regulatory

"at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock..."

par value financial

"each share of Marine Products' common stock, par value $0.10 per share..."

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

common stock financial

"Marine Products' common stock, par value $0.10 per share, was converted into the right to receive..."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

disposition to issuer financial

"transaction_code_description: "Disposition to issuer" for the reported transaction"

FAQ

What did Marine Products (MPX) director Amy Rollins Kreisler report in this Form 4?

She reported disposing of 90,058 shares of Marine Products common stock back to the issuer. This disposition reduced her directly held Marine Products shares to zero, reflecting conversion of her position in connection with a merger involving MasterCraft Boat Holdings.

How many Marine Products (MPX) shares were disposed of in the reported transaction?

The Form 4 shows a disposition of 90,058 shares of Marine Products common stock. The transaction is coded as a disposition to the issuer, and the reported holdings following the transaction are zero shares of Marine Products common stock held directly by the reporting person.

What consideration did Marine Products (MPX) shareholders receive per share in the MasterCraft merger?

Each Marine Products share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. This combination of cash and stock consideration was set by the merger agreement between MasterCraft Boat Holdings and Marine Products Corporation.

How does MasterCraft’s share price provide context for the Marine Products (MPX) merger consideration?

The filing notes MasterCraft common stock closed at $24.64 per share on May 14, 2026. This closing price helps contextualize the value of the 0.232 MasterCraft shares received for each Marine Products share under the merger’s cash-and-stock consideration structure.

Does the Form 4 indicate any remaining Marine Products (MPX) holdings for the reporting person?

No remaining Marine Products common stock holdings are shown after the transaction. The Form 4 reports total shares following the disposition as zero, indicating the reporting person’s visible Marine Products position was fully converted into merger consideration under the MasterCraft transaction.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 05:16 PM Learn about SEC filing dates

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^*

Kreisler Amy Rollins

(Last) (First) (Middle)

2801 BUFORD HIGHWAY, NE,

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		D		90,058	D	(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. Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.

	/s/ Callum Macgregor as attorney-in-fact for Amy Rollins Kreisler	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)