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Rollins family group reports 69.6% control of Marine Products (MPX) in 13D/A

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

Rhea-AI Filing Summary

Marine Products Corporation’s controlling shareholder group, led by members of the Rollins family and related entities, filed Amendment No. 13 to their Schedule 13D covering the company’s common stock. The group reports beneficial ownership of 24,353,278 shares of Common Stock, representing 69.6% of the outstanding class.

The amendment reiterates that various family trusts, corporations, partnerships and a family office act together as a group in exercising voting and dispositive power. It also notes a First Amendment to a Stockholders Agreement with MasterCraft Boat Holdings, Inc. that removes a contractual requirement for the stockholders’ written consent before their director nominees can be removed from MasterCraft’s board.

Positive

  • None.

Negative

  • None.

Insights

Rollins-related group reaffirms majority control and adjusts a separate governance agreement.

The filing shows a coordinated shareholder group tied to the Rollins family holding 24,353,278 Marine Products common shares, or 69.6% of the class. This confirms long‑standing majority control through a web of trusts, holding companies and family investment entities.

The amendment also discloses a First Amendment to a Stockholders Agreement with MasterCraft Boat Holdings, Inc., removing a clause that required the stockholders’ written consent before their director nominees could be removed from MasterCraft’s board. That change affects governance rights in MasterCraft, not Marine Products, and does not alter the reported ownership stake in Marine Products.

For Marine Products, this update mainly refines disclosure: it clarifies how voting and dispositive power is shared among the Rollins family members, the GWR and RRR Voting Trusts, LOR, Inc., the 1976 RRR Trusts, and related entities, while emphasizing that beneficial ownership is often disclaimed beyond pecuniary interests.






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).






SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes the following shares of Company common stock: (a) 327,258 shares held by WNEG Investments, L.P., a Georgia limited partnership, (Mr. Gary Rollins is the sole member of the sole general partner of WNEG Investments, L.P.); (b) 219,149 shares held by The Gary W. Rollins Revocable Trust, as to which he is the sole trustee; (c) 1,749,868 shares held by four trusts (the "Rollins Family Trusts") for the benefit of (i) the children and/or more remote descendants and family members of his deceased brother, Mr. R. Randall Rollins, and (ii) a private charitable organization founded by R. Randall Rollins; and (d) 4,505 shares held by his spouse. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes the following shares of Common Stock: (a) 19,138,233 shares held by LOR, Inc., a Georgia corporation (the Gary W. Rollins Voting Trust U/A dated September 14, 1994 (the "GWR Voting Trust") has a 50% voting interest in LOR, Inc.); (b) 156,838 shares held by RFA Management Company, LLC, a Georgia limited liability company, the manager of which is LOR, Inc.; (c) 1,065,476 shares held by RCTLOR, LLC, a Georgia limited liability company, (LOR, Inc. is the manager of RCTLOR, LLC); (d) 297,913 shares held by RFT Investment Company, LLC, of which LOR, Inc. is the manager; and (e) 343,479 shares held by Rollins Holding Company, Inc., a Georgia corporation, (the GWR Voting Trust has a 50% voting interest in Rollins Holding Company, Inc.). The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes the following shares of Common Stock: (a) 19,138,233 shares held by LOR, Inc., a Georgia corporation (the R. Randall Rollins Voting Trust U/A dated August 25, 1994 (the "RRR Voting Trust") has a 50% voting interest in LOR, Inc.); (b) 156,838 shares held by RFA Management Company, LLC, a Georgia limited liability company, the manager of which is LOR, Inc.; (c) 1,065,476 shares held by RCTLOR, LLC, a Georgia limited liability company, (LOR, Inc. is the manager of RCTLOR, LLC); (d) 297,913 shares held by RFT Investment Company, LLC, of which LOR, Inc. is the manager; and (e) 343,479 shares held by Rollins Holding Company, Inc., a Georgia corporation, (the RRR Voting Trust has a 50% voting interest in Rollins Holding Company, Inc.). The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest.


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes the following shares of Company common stock: (a) 156,838 shares held by RFA Management Company, LLC, a Georgia limited liability company, the manager of which is LOR, Inc.; (b) 1,065,476 shares held by RCTLOR, LLC, a Georgia limited liability company, (LOR, Inc. is the manager of RCTLOR, LLC); and (c) 297,913 shares held by RFT Investment Company, LLC, of which LOR, Inc. is the manager. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest.


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes 13,066 shares of Common Stock held by six trusts benefitting the grandchildren and more remote descendants of her deceased father, R. Randall Rollins (Ms. Kreisler is a trustee of each such trust; these six trusts, along with five other similar trusts, the "1976 RRR Trusts").


SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes 28,493 shares of Common Stock held by nine of the 1976 RRR Trusts (Ms. Rollins is a trustee of each such trust).


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10, 11, 13: Includes the following shares of Common Stock: (a) 284 shares of Common Stock held by his spouse, (b) 1,291 shares held of record by a minor child under a Uniform Transfers to Minors Act account, over which he possesses voting and dispositive power as custodian of the account and (c) 25,081 shares held by seven of the 1976 RRR Trusts (Mr. Rollins is a trustee of each such trust). The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest.


SCHEDULE 13D






SCHEDULE 13D


Gary W. Rollins
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins
Date:03/12/2026
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:03/12/2026
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:03/12/2026
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:03/12/2026
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:03/12/2026
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:03/12/2026
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:03/12/2026
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:03/12/2026
LOR, Inc.
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of LOR, Inc.
Date:03/12/2026
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:03/12/2026
Rollins Holding Company, Inc.
Signature:/s/ Gary W. Rollins
Name/Title:Gary W. Rollins, as President of Rollins Holding Company, Inc.
Date:03/12/2026
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:03/12/2026
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:03/12/2026
Amy R. Kreisler
Signature:/s/ Amy R. Kreisler
Name/Title:Amy R. Kreisler
Date:03/12/2026
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:03/12/2026
Pamela R. Rollins
Signature:/s/ Pamela R. Rollins
Name/Title:Pamela R. Rollins
Date:03/12/2026
Timothy C. Rollins
Signature:/s/ Timothy C. Rollins
Name/Title:Timothy C. Rollins
Date:03/12/2026
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:03/12/2026

FAQ

How much of Marine Products (MPX) stock does the Rollins group report owning?

The filing reports that the coordinated Rollins-related group beneficially owns 24,353,278 shares of Marine Products common stock, representing 69.6% of the class, giving them majority control through direct holdings, trusts, corporations, partnerships, and a family office structure.

Who are the main reporting persons in this Marine Products (MPX) Schedule 13D/A?

Key reporting persons include Gary W. Rollins, Amy R. Kreisler, Pamela R. Rollins, Timothy C. Rollins, the GWR and RRR Voting Trusts, LOR, Inc., several family investment entities, and the 1976 RRR Trusts, all acting together with respect to Marine Products common stock.

What ownership does LOR, Inc. report in Marine Products (MPX)?

LOR, Inc. reports beneficial ownership of 20,658,460 shares of Marine Products common stock, representing 59.0% of the class. This includes large blocks held directly and through entities it manages, such as RCTLOR, LLC, RFT Investment Company, LLC, and RFA Management Company, LLC.

Did the Schedule 13D/A for Marine Products (MPX) disclose recent stock transactions?

The amendment states that, except as previously noted in earlier amendments, there were no transactions in Marine Products common stock by the reporting persons or other listed individuals within 60 days of the event date referenced in the document.

What is the significance of the First Amendment to the Stockholders Agreement mentioned in the filing?

The filing notes a First Amendment to a Stockholders Agreement with MasterCraft Boat Holdings, Inc. that removes a requirement for written consent from the stockholders before their director nominees can be removed from MasterCraft’s board, changing those governance rights without affecting Marine Products ownership levels.

How do the 1976 RRR Trusts relate to Marine Products (MPX) ownership?

The 1976 RRR Trusts, irrevocable trusts established by R. Randall Rollins, beneficially own 33,320 shares of Marine Products common stock, or 0.1% of the class, with sole voting and dispositive power. Certain trustees are also individual reporting persons in the group.
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