Marine Products (MPX) holder converts 297,913 shares in MasterCraft merger

Rhea-AI Filing Summary

RFT Investment Company, LLC, a major holder of Marine Products Corporation, reported an "other" restructuring transaction involving 297,913 shares of Marine Products common stock. Following this event, the reporting entity held no Marine Products shares directly.

Under the Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc., each Marine Products share was converted into the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock, without interest. The footnote notes that MasterCraft’s common stock closed at $24.64 per share on May 14, 2026, illustrating the stock component of the merger consideration.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RFT Investment Company, LLC

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	297,913	$0.00	--

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

Footnotes (1)

1. [object Object]

Key Figures

Shares restructured: 297,913 shares Cash consideration per share: $2.43 per share Stock consideration per share: 0.232 shares +2 more

5 metrics

Shares restructured 297,913 shares Marine Products common stock involved in "other" transaction

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 per Marine Products share

MasterCraft reference price $24.64 per share MasterCraft closing price on May 14, 2026

Post-transaction MPX holdings 0 shares Total Marine Products shares held after transaction

Key Terms

Agreement and Plan of Merger, First Effective Time, common stock, par value $0.10 per share, par value $0.01 per share, +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..."

common stock, par value $0.10 per share financial

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

par value $0.01 per share financial

"0.232 shares of MasterCraft common stock, par value $0.01 per share."

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

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^*

RFT Investment Company, LLC

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.10 Par Value	05/15/2026		J(1)		297,913	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/ RFT Investment Company, LLC By: LOR, INC., Manager, By: W. Keith Wilkes, Jr., Assistant Vice President	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 RFT Investment Company, LLC report for MPX?

RFT Investment Company, LLC reported an "other" restructuring transaction involving 297,913 shares of Marine Products common stock. These shares were converted as part of a merger, leaving the reporting entity with no direct Marine Products holdings after the transaction.

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

The Form 4 shows 297,913 shares of Marine Products common stock involved in the transaction. After this conversion under the merger agreement, the reporting entity’s direct ownership in Marine Products common stock was reduced to zero shares.

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. This mixed cash-and-stock consideration was set under the merger agreement between Marine Products and MasterCraft.

What stock price for MasterCraft is referenced in the MPX Form 4 footnote?

The footnote states that MasterCraft common stock closed at $24.64 per share on May 14, 2026. This price is cited in connection with the stock portion of the merger consideration paid for each Marine Products share.

Did RFT Investment Company, LLC retain any Marine Products (MPX) shares after the merger transaction?

No. The Form 4 reports total shares following the transaction as zero. This indicates that, after the conversion of 297,913 Marine Products shares in the merger, the reporting entity no longer held Marine Products common stock directly.