STOCK TITAN

Marine Products (MPX) holders get 0.232 MasterCraft shares plus $2.43 cash

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Marine Products Corporation’s major shareholders have exited their position following a merger. Amendment No. 14 to a Schedule 13D filed by members of the Rollins family and related entities reports that, as of May 15, 2026, they no longer beneficially own any Marine Products common stock, representing 0.0% of the class.

The change follows consummation of a Merger Agreement under which each Marine Products share was converted into 0.232 shares of MasterCraft common stock plus $2.43 in cash, without interest. The filing lists numerous family trusts and investment vehicles that historically acted as a coordinated group, but states that there are now no contracts, arrangements, or understandings regarding Marine Products securities.

The report notes only one recent transaction besides the merger itself: on May 1, 2026, one of the 1976 RRR Trusts distributed 637 Marine Products shares to a beneficiary for no consideration, before all shares were converted in the merger.

Positive

  • None.

Negative

  • None.

Insights

Large shareholder group reports 0% stake after stock-and-cash merger.

This amendment shows the Rollins family group and related entities fully exiting their Marine Products Corporation holdings. The trigger is completion of a merger in which each Marine Products share became 0.232 MasterCraft common shares plus $2.43 in cash, a mixed stock-and-cash consideration structure.

Because this is a Schedule 13D amendment, it focuses on ownership, not pricing context or deal rationale. It confirms that a previously significant, coordinated shareholder group now holds no Marine Products stock and that prior voting or dispositive arrangements have fallen away. The economic impact for investors depends on the overall merger valuation and MasterCraft’s future performance, which are not detailed here.

Stock consideration per share 0.232 shares MasterCraft common stock received for each Marine Products share in merger
Cash consideration per share $2.43 Cash paid, without interest, for each Marine Products share in merger
Trust distribution 637 shares Marine Products shares distributed by a 1976 RRR Trust on May 1, 2026
Beneficial ownership 0.00 shares Reporting persons’ Marine Products holdings as of May 15, 2026
Ownership percentage 0.0% Percent of Marine Products common stock class owned after merger
Merger effective date May 15, 2026 Date the Merger Agreement was consummated
Schedule 13D regulatory
"This Amendment No. 14 to a Schedule 13D filed by members of the Rollins family"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially own financial
"the reporting persons no longer beneficially own any shares of Company Common Stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Merger Agreement regulatory
"On May 15, 2026, pursuant to the terms of the Merger Agreement, the Merger was consummated"
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.
voting trust financial
"The RRR Voting Trust is a reporting person filing this statement"
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.
revocable trust financial
"The Gary W. Rollins Revocable Trust is a reporting person filing this statement"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
irrevocable trusts financial
"The 1976 RRR Trusts are irrevocable trusts established by R. Randall Rollins"





568427108

(CUSIP Number)
W. Keith Wilkes, Jr.
c/o RFA Management Company, LLC, 1908 Cliff Valley Way N.E.
Atlanta, GA, 30329
(404) 486-4628


Eric Orsic
McDermott Will & Schulte LLP, 444 West Lake Street, Suite 4000
Chicago, IL, 60606
(312) 372-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/15/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D


Gary W. Rollins
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins
Date:05/19/2026
Gary W. Rollins Voting Trust U/A dated September 14, 1994
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as Co-Trustee of the Gary W. Rollins Voting Trust U/A dated September 14, 1994
Date:05/19/2026
Signature:/s/ Amy R. Kreisler
Name/Title:Amy R. Kreisler, as Co-Trustee of the Gary W. Rollins Voting Trust U/A dated September 14, 1994
Date:05/19/2026
Signature:/s/ Pamela R. Rollins
Name/Title:Pamela R. Rollins, as Co-Trustee of the Gary W. Rollins Voting Trust U/A dated September 14, 1994
Date:05/19/2026
Signature:/s/ Timothy C. Rollins
Name/Title:Timothy C. Rollins, as Co-Trustee of the Gary W. Rollins Voting Trust U/A dated September 14, 1994
Date:05/19/2026
R. Randall Rollins Voting Trust U/A dated August 25, 1994
Signature:/s/ Amy R. Kreisler
Name/Title:Amy R. Kreisler, as Co-Trustee of the R. Randall Rollins Voting Trust U/A dated August 25, 1994
Date:05/19/2026
Signature:/s/ Pamela R. Rollins
Name/Title:Pamela R. Rollins, as Co-Trustee of the R. Randall Rollins Voting Trust U/A dated August 25, 1994
Date:05/19/2026
Signature:/s/ Timothy C. Rollins
Name/Title:Timothy C. Rollins, as Co-Trustee of the R. Randall Rollins Voting Trust U/A dated August 25, 1994
Date:05/19/2026
LOR, Inc.
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of LOR, Inc.
Date:05/19/2026
RCTLOR, LLC
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of LOR, Inc., in its capacity as Manager of RCTLOR, LLC
Date:05/19/2026
Rollins Holding Company, Inc.
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of Rollins Holding Company, Inc.
Date:05/19/2026
WNEG Investments, L.P.
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as Sole Manager and Member of WNEG Management Company, LLC, in its Capacity as General Partner of WNEG Investments, L.P.
Date:05/19/2026
RFT Investment Company, LLC
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of LOR, Inc., in its capacity as Manager of RFT Investment Company, LLC
Date:05/19/2026
Amy R. Kreisler
Signature:/s/ Amy R. Kreisler
Name/Title:Amy R. Kreisler
Date:05/19/2026
The Gary W. Rollins Revocable Trust
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as Trustee of The Gary W. Rollins Revocable Trust
Date:05/19/2026
Pamela R. Rollins
Signature:/s/ Pamela R. Rollins
Name/Title:Pamela R. Rollins
Date:05/19/2026
Timothy C. Rollins
Signature:/s/ Timothy C. Rollins
Name/Title:Timothy C. Rollins
Date:05/19/2026
RFA Management Company, LLC
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of LOR, Inc., in its capacity as Manager of RFA Management Company, LLC
Date:05/19/2026

FAQ

What does the latest Schedule 13D/A for Marine Products (MPX) disclose?

The amendment reports that the Rollins family group and related entities now beneficially own 0.0% of Marine Products common stock. This follows a merger where each Marine Products share was converted into MasterCraft stock plus cash consideration.

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

Each Marine Products common share was converted into 0.232 shares of MasterCraft common stock and $2.43 in cash, without interest. This mixed stock-and-cash structure determines former shareholders’ ongoing exposure through MasterCraft plus immediate cash value per share.

Who filed this Marine Products (MPX) Schedule 13D amendment?

The filing is by a group including Gary W. Rollins, Amy R. Kreisler, Pamela R. Rollins, Timothy C. Rollins, RFA Management Company, several voting trusts, and family investment entities. They historically acted in concert regarding Marine Products shares under Rule 13d-3.

How many Marine Products (MPX) shares does the Rollins group now own?

The amendment states the reporting persons beneficially own 0.00 shares of Marine Products common stock, representing 0.0% of the class. This reflects completion of the merger, after which all of their Marine Products shares were converted into MasterCraft stock and cash.

Were there any recent Marine Products (MPX) share transfers by the reporting group?

Yes. On May 1, 2026, one of the 1976 RRR Trusts distributed 637 Marine Products shares to a beneficiary for no consideration. Apart from that distribution and the merger conversion, no other reportable Marine Products stock transactions occurred within 60 days.

Do any agreements or arrangements over Marine Products (MPX) shares remain in place?

The filing says there are no remaining contracts, arrangements, understandings, or relationships regarding Marine Products securities. This includes voting agreements, transfer restrictions, options, or profit-sharing agreements tied to the company’s stock.