Marine Products director shares converted in merger

Rhea-AI Filing Summary

MARINE PRODUCTS GROUP, LLC director Susan R. Bell reported that her 18,409 shares of Common Stock were disposed of in connection with a merger involving MasterCraft Boat Holdings, Inc. Under the merger terms, each Marine Products share was exchanged for the right to receive 0.232 shares of MasterCraft common stock plus $2.43 in cash, before any applicable withholding taxes. Following this transaction, the filing shows she holds no Marine Products common shares directly.

Insider Trade Summary

Other: 18,409 shares

Other 1 txn

Insider Bell Susan R.

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	18,409	$8.18	$151K

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

Footnotes (1)

1. F1. 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.

Key Figures

Shares disposed: 18,409 shares Cash per share: $2.43 Stock exchange ratio: 0.232 shares +2 more

5 metrics

Shares disposed 18,409 shares Marine Products common stock converted in merger

Cash per share $2.43 Cash component of merger consideration per Marine Products share

Stock exchange ratio 0.232 shares MasterCraft common stock received per Marine Products share

Price per share (reported) $8.18 Transaction price per Marine Products share on Form 4

Shares after transaction 0 shares Marine Products common stock directly held by Susan R. Bell

Key Terms

Agreement and Plan of Merger, MasterCraft Boat Holdings, Inc., Common Stock, $.10 Par Value, par value

4 terms

Agreement and Plan of Merger financial

"The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"),"

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.

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""

par value financial

"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"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Marine Products (MPX) director Susan R. Bell report?

Susan R. Bell reported the disposition of 18,409 Marine Products common shares. The shares were exchanged as part of a merger with MasterCraft Boat Holdings, Inc., replacing her Marine Products holdings with a mix of MasterCraft stock and cash consideration.

How many Marine Products (MPX) shares were involved in Susan R. Bell’s Form 4?

The Form 4 reports 18,409 shares of Marine Products common stock. These shares were not sold on the open market but were converted under a merger agreement into rights to receive MasterCraft shares plus cash, eliminating her direct Marine Products share position.

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

Each Marine Products common share entitled the holder to receive 0.232 shares of MasterCraft common stock and $2.43 in cash. This mix of stock and cash consideration was delivered pursuant to the Agreement and Plan of Merger described in the Form 4 footnote.

Does Susan R. Bell still own Marine Products (MPX) shares after the merger?

According to the Form 4, Susan R. Bell holds zero Marine Products common shares after the transaction. Her prior holdings were converted into rights to receive MasterCraft common stock plus cash under the merger terms, ending her direct ownership in Marine Products shares.

Was Susan R. Bell’s Marine Products (MPX) transaction an open-market sale?

The transaction was not an open-market sale. The Form 4 classifies it as an “other” transaction, where shares were disposed of automatically under a merger agreement, exchanging Marine Products shares for MasterCraft stock and cash rather than selling them on a stock exchange.

What does the Form 4 reveal about the Marine Products–MasterCraft merger terms?

The Form 4 footnote states that, upon effectiveness of the merger, each Marine Products common share was exchanged for 0.232 shares of MasterCraft common stock and $2.43 in cash, before interest and less any required tax withholding on the cash portion.

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

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Accepted by SEC EDGAR 05/19/2026 - 05:46 PM EDT 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^*

Bell Susan R.

(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		J		18,409	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/ Susan R. Bell	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)