Marine Products (MPX) merger converts shares into cash plus MasterCraft stock

Rhea-AI Filing Summary

Marine Products Corporation insider WNEG Investments, L.P., a greater-than-10% owner, reported an "other" restructuring transaction involving 327,258 shares of Marine Products common stock.

Under a Merger Agreement with MasterCraft Boat Holdings, Inc., each Marine Products share was converted into the right to receive $2.43 in cash, without interest, plus 0.232 shares of MasterCraft common stock. The footnote notes that MasterCraft’s common stock closed at $24.64 per share on May 14, 2026. Following this merger-related conversion, WNEG Investments, L.P. reported 0 shares of Marine Products common stock owned directly.

Insights

M&A and equity-structure analyst

Marine Products shares were converted into cash and MasterCraft stock via merger.

This Form 4 reflects a merger closing rather than a discretionary trade. WNEG Investments, L.P. reported an "other" restructuring transaction where 327,258 Marine Products common shares were converted under the Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc.

Each Marine Products share now entitles the holder to $2.43 in cash and 0.232 shares of MasterCraft common stock, with MasterCraft stock referenced at $24.64 per share as of May 14, 2026. The filing shows WNEG’s Marine Products holdings falling to zero, consistent with the issuer being absorbed in the merger.

Because this is a merger consideration event, not an open-market buy or sell, it carries limited signaling value about insider sentiment. The economic outcome for investors depends on the combined value of the cash component and the MasterCraft shares received, as specified in the merger terms.

Insider Trade Summary

Net Seller: 327,258 shares

Net Sell 1 txn

Insider WNEG Investments, L.P.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	327,258	$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 restructured: 327,258 shares Cash component per share: $2.43 per share Stock component per share: 0.232 shares +2 more

5 metrics

Shares restructured 327,258 shares Marine Products common stock converted in merger-related transaction

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

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

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

Post-transaction MPX holdings 0 shares Marine Products shares held by WNEG Investments after merger conversion

Key Terms

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

5 terms

Agreement and Plan of Merger financial

"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 financial

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

Merger Agreement financial

"as defined in the Merger Agreement), by and among MasterCraft Boat Holdings, Inc."

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.

par value financial

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

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

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

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.

FAQ

What did the Marine Products (MPX) Form 4 filed by WNEG Investments report?

The Form 4 reports an "other" restructuring transaction for 327,258 Marine Products common shares. These shares were converted as part of a merger with MasterCraft Boat Holdings, Inc., eliminating WNEG’s direct Marine Products holdings after the transaction.

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

Each Marine Products common share is converted into the right to receive $2.43 in cash, without interest, plus 0.232 shares of MasterCraft common stock. These terms define the per-share merger consideration paid to Marine Products shareholders.

How many Marine Products (MPX) shares were affected in WNEG Investments’ restructuring?

The restructuring transaction covered 327,258 shares of Marine Products common stock. All of these shares were converted into the specified cash and stock merger consideration, leaving WNEG Investments, L.P. with zero reported Marine Products shares afterward.

What MasterCraft share price is referenced in the Marine Products (MPX) filing?

The filing notes that MasterCraft common stock closed at $24.64 per share on May 14, 2026. This market price provides context for valuing the 0.232 MasterCraft shares received for each Marine Products share in the merger.

Does the Marine Products (MPX) Form 4 show an insider buying or selling shares?

The Form 4 shows an "other" transaction classified as a restructuring, not an open-market buy or sell. It reflects automatic conversion of shares due to the merger with MasterCraft, rather than a discretionary trading decision by WNEG Investments, L.P.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/19/2026 - 05:14 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^*

WNEG Investments, L.P.

(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)		327,258	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/ WNEG Investments, L.P., By: WNEG Management Company, LLC, General Partner, By: Gary W. Rollins, Sole Manager and Member	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)