Marine Products holder converts shares in merger

R. Randall Rollins Voting Trust, a more than ten percent owner of Marine Products, reported an "other" transaction involving 79 shares of common stock.

Rhea-AI Filing Summary

R. Randall Rollins Voting Trust, a more than ten percent owner of Marine Products, reported an "other" transaction involving 79 shares of common stock. These shares were converted in connection with a merger in which each Marine Products share became the right to receive $2.43 in cash plus 0.232 shares of MasterCraft common stock. The footnote notes that MasterCraft’s stock closed at $24.64 per share on May 14, 2026, and the trust now reports zero Marine Products shares following the transaction.

Insider Trade Summary

Other: 79 shares

Other 1 txn

Insider R. Randall Rollins Voting Trust U/A dated August 25, 1994

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock, $.10 Par Value	79	$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: 79 shares Cash consideration per share: $2.43 per share Stock consideration per share: 0.232 shares +2 more

5 metrics

Shares restructured 79 shares Marine Products common stock involved in merger-related transaction

Cash consideration per share $2.43 per share Cash portion of consideration for each Marine Products share

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

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

Post-transaction MPX holdings 0 shares Marine Products shares held by the voting trust after conversion

Key Terms

Agreement and Plan of Merger, Merger Agreement, First Effective Time, voting trust

4 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.

Merger Agreement regulatory

"dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings"

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.

First Effective Time regulatory

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

voting trust financial

"R. Randall Rollins Voting Trust U/A dated August 25, 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.

FAQ

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

What did the R. Randall Rollins Voting Trust report in this MPX Form 4?

The voting trust reported an "other" restructuring transaction for 79 Marine Products common shares. These shares were converted in connection with a merger and the trust now reports holding zero Marine Products shares after the transaction.

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

Each Marine Products common share was converted into the right to receive $2.43 in cash and 0.232 shares of MasterCraft common stock. This exchange ratio applied at the first effective time defined in the merger agreement between Marine Products and MasterCraft.

How many Marine Products shares were affected for this reporting holder?

The reporting voting trust had 79 Marine Products common shares involved in the reported transaction. After the merger-related conversion, the Form 4 shows total Marine Products shares following the transaction as zero, indicating no remaining MPX holdings for this reporting entity.

Was this Form 4 transaction a buy or sell of MPX stock?

No, the transaction was coded "J" as another type of acquisition or disposition. It is described as a restructuring event tied to the merger, rather than an open-market purchase or sale of Marine Products shares by the reporting trust.

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

The footnote cites a MasterCraft common stock market price of $24.64 per share. This price reflects MasterCraft’s closing share price at the close of business on May 14, 2026, and is provided as context for the stock portion of the merger consideration.

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

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Accepted by SEC EDGAR 05/19/2026 - 05:25 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^*

R. Randall Rollins Voting Trust U/A dated August 25, 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.10 Par Value	05/15/2026		J(1)		79	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/ The R. Randall Rollins Voting Trust U/A dated August 25, 1994, By: Amy R. Kreisler, Trustee	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)