Merger converts Marine Products (NYSE: MPX) director stake into cash and MasterCraft stock

Rhea-AI Filing Summary

Marine Products Group director John F. Wilson reported a restructuring transaction tied to the company’s merger with MasterCraft Boat Holdings. The filing shows 16,909 shares of Common Stock, $.10 par value, were disposed of pursuant to the Agreement and Plan of Merger.

Under the merger terms, for each Marine Products share, Wilson received the right to 0.232 shares of MasterCraft common stock plus $2.43 in cash, before any withholding taxes. Following this transaction, the Form 4 reports that Wilson holds 0 shares of Marine Products common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wilson John F

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	16,909	$8.18	$138K

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

Footnotes (1)

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Key Figures

Shares disposed: 16,909 shares Reported price per share: $8.18 per share Stock consideration ratio: 0.232 MasterCraft shares per share +2 more

5 metrics

Shares disposed 16,909 shares Marine Products common stock in merger-related transaction

Reported price per share $8.18 per share Transaction price shown for disposed Marine Products shares

Stock consideration ratio 0.232 MasterCraft shares per share Exchange ratio for each Marine Products common share

Cash consideration per share $2.43 cash per share Cash paid for each Marine Products share in merger

Post-transaction holding 0 shares Marine Products shares held directly after the merger transaction

Key Terms

Agreement and Plan of Merger, Merger Agreement, MasterCraft Boat Holdings, Inc., Common Stock, $.10 Par Value, +1 more

5 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.

Merger Agreement regulatory

"pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 5, 2026"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

MasterCraft Boat Holdings, Inc. financial

"by and among MasterCraft Boat Holdings, Inc., a Delaware corporation ("MasterCraft")"

Common Stock, $.10 Par Value financial

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

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^*

Wilson John F

(Last) (First) (Middle)

2170 PIEDMONT ROAD, NE

(Street)

ATLANTA GEORGIA 30324

(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		16,909	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/ John F. Wilson	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 insider transaction did Marine Products Group (MPX) report for John F. Wilson?

The filing shows John F. Wilson reported a restructuring transaction where 16,909 shares of Marine Products common stock were disposed of. This disposition occurred as part of the company’s merger with MasterCraft Boat Holdings, rather than through an open-market sale or purchase.

How were Marine Products (MPX) shares exchanged in the MasterCraft merger?

Each Marine Products common share was exchanged for the right to receive 0.232 shares of MasterCraft common stock and $2.43 in cash. This cash-and-stock consideration was provided upon the effectiveness of the merger, subject to withholding taxes where applicable.

How many Marine Products (MPX) shares were involved in John F. Wilson’s Form 4?

The Form 4 reports that 16,909 shares of Marine Products common stock were subject to the merger-related disposition. These shares were converted into the specified combination of MasterCraft stock and cash, rather than being sold directly in the market by the reporting person.

What was John F. Wilson’s Marine Products (MPX) holding after the merger transaction?

After the reported merger-related transaction, the Form 4 lists John F. Wilson as holding 0 shares of Marine Products common stock directly. His economic interest shifted to MasterCraft shares and cash received under the Agreement and Plan of Merger terms.

Was the Marine Products (MPX) insider transaction an open-market sale or purchase?

No, the transaction was not an open-market sale or purchase. The Form 4 uses code J for “other acquisition or disposition,” and the footnote explains the shares were disposed of automatically under the merger agreement with MasterCraft, rather than through discretionary trading.