Marine Products (NYSE: MPX) trust logs 21,001,939-share merger conversion

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MARINE PRODUCTS GROUP, LLC reported that the Gary W. Rollins Voting Trust, a more than 10% beneficial owner, recorded several restructuring transactions in Marine Products common stock on May 15, 2026.

Under a Merger Agreement dated February 5, 2026, each Marine Products share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. The market price of MasterCraft stock was $24.64 per share at the close of business on May 14, 2026.

The Form 4 shows code J “other acquisition or disposition” entries totaling 21,001,939 shares held indirectly through entities including Rollins Holding Company, Inc., RFA Management Company, LLC, RFT Investment Company, LLC, RCTLOR, LLC and LOR, Inc., with zero Marine Products shares reported as held afterward. The voting trust disclaims beneficial ownership except to the extent of its pecuniary interest.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Gary W. Rollins Voting Trust U/A dated September 14, 1994

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	19,138,233	$0.00	--
Other	Common Stock, $.10 Par Value	1,065,476	$0.00	--
Other	Common Stock, $.10 Par Value	297,913	$0.00	--
Other	Common Stock, $.10 Par Value	156,838	$0.00	--
Other	Common Stock, $.10 Par Value	343,479	$0.00	--

Holdings After Transaction: Common Stock, $.10 Par Value — 0 shares (Indirect, Held indirectly through LOR, Inc.)

Footnotes (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. The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.

Key Figures

Restructured shares: 21,001,939 shares Cash consideration per share: $2.43 per share Stock consideration per share: 0.232 shares +4 more

7 metrics

Restructured shares 21,001,939 shares Total restructuringShares coded J in transaction summary

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

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

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

Rollins Holding Co. block 343,479 shares Indirectly held through Rollins Holding Company, Inc.

RCTLOR, LLC block 1,065,476 shares Indirectly held through RCTLOR, LLC

LOR, Inc. block 19,138,233 shares Indirectly held through LOR, Inc.

Key Terms

Agreement and Plan of Merger, First Effective Time, Section 16 of the Securities Exchange Act of 1934, voting trust, +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"

Section 16 of the Securities Exchange Act of 1934 regulatory

"for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

voting trust financial

"Gary W. Rollins Voting Trust U/A dated September 14, 1994"

A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.

pecuniary interest financial

"except to the extent of his pecuniary interest therein, and this report shall not be deemed"

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 05:18 PM

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

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^*

Gary W. Rollins Voting Trust U/A dated September 14, 1994

(Last)

(First)

(Middle)

C/O RFA MANAGEMENT COMPANY, LLC

1908 CLIFF VALLEY WAY NE

(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)

Director	X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $.10 Par Value	05/15/2026		J⁽¹⁾		19,138,233⁽²⁾	D	⁽¹⁾	0	I	Held indirectly through LOR, Inc.
Common Stock, $.10 Par Value	05/15/2026		J⁽¹⁾		1,065,476⁽²⁾	D	⁽¹⁾	0	I	Held indirectly through RCTLOR, LLC
Common Stock, $.10 Par Value	05/15/2026		J⁽¹⁾		297,913⁽²⁾	D	⁽¹⁾	0	I	Held indirectly through RFT Investment Company, LLC
Common Stock, $.10 Par Value	05/15/2026		J⁽¹⁾		156,838⁽²⁾	D	⁽¹⁾	0	I	Held indirectly through RFA Management Company, LLC
Common Stock, $.10 Par Value	05/15/2026		J⁽¹⁾		343,479⁽²⁾	D	⁽¹⁾	0	I	Held indirectly through Rollins Holding Company, Inc.

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

2. The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.

	/s/ Callum Macgregor as attorney-in-fact	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did the Gary W. Rollins Voting Trust report in the Marine Products (MPX) Form 4?

The trust reported several code J restructuring transactions in Marine Products common stock on May 15, 2026. These reflected changes tied to a merger, with all indirectly held Marine Products shares moving to zero after conversion into cash and MasterCraft stock.

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

Each Marine Products common share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. The filing also notes MasterCraft’s stock closed at $24.64 per share on May 14, 2026, providing context for the equity portion.

How many Marine Products (MPX) shares were restructured in this Form 4?

The transaction summary shows restructuring transactions covering 21,001,939 shares of Marine Products common stock. These were all coded J as “other acquisition or disposition” and were held indirectly through several related entities, with no Marine Products shares reported as held afterward.

Through which entities did the Gary W. Rollins Voting Trust indirectly hold Marine Products (MPX) shares?

The Form 4 lists indirect holdings through Rollins Holding Company, Inc., RFA Management Company, LLC, RFT Investment Company, LLC, RCTLOR, LLC and LOR, Inc. All related entries are coded as indirect ownership, reflecting the trust’s interest via these affiliated entities.

Does the Gary W. Rollins Voting Trust claim full beneficial ownership of the Marine Products (MPX) shares?

No. A footnote states the reporting person disclaims beneficial ownership of the securities for Section 16 purposes except to the extent of pecuniary interest. The report explicitly says it should not be deemed an admission of beneficial ownership of all such shares.

What does transaction code J mean in the Marine Products (MPX) Form 4?

Transaction code J is described as “other acquisition or disposition.” In this Form 4, all reported entries are code J and categorized as restructuring transactions, reflecting changes in indirectly held Marine Products shares in connection with the closing of the MasterCraft merger.