UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

 

February 18, 2025

 

MARINE PRODUCTS CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-16263

 

58-2572419

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329

(Address of principal executive offices) (zip code)

 

(404) 321-7910

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.10 per share

MPX

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On February 18, 2025, each of Gary W. Rollins and Pamela R. Rollins informed the Board of Directors of Marine Products Corporation (the “Company”) that, after long periods of service, they each intended to retire from the Board and would not stand for re-election at the Company’s 2025 Annual Meeting of Stockholders, or immediately thereafter, if the Company’s Board declassification is approved by the Company’s stockholders at the Annual Meeting. They will each continue to serve as directors until the Company’s 2025 Annual Meeting of Stockholders is held, and their resignations will become effective at that time. There was no disagreement between either of Mr. Rollins or Ms. Rollins and the Company with respect to any matter relating to the Company’s operations, policies or practices.

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 MARINE PRODUCTS CORPORATION
    
Date: February 20, 2025By:/s/ Michael L. Schmit

 

 

Michael L. Schmit 
  Chief Financial Officer and Treasurer 

 

 

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Feb. 18, 2025
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Entity Registrant Name MARINE PRODUCTS CORPORATION
Entity Central Index Key 0001129155
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date Feb. 18, 2025
Entity File Number 1-16263
Entity Incorporation State Country Code DE
Entity Tax Identification Number 58-2572419
Entity Address Address Line 1 2801 Buford Highway NE
Entity Address Address Line 2 Suite 300
Entity Address City Or Town Atlanta
Entity Address State Or Province GA
Entity Address Postal Zip Code 30329
City Area Code 404
Local Phone Number 321-7910
Security 12b Title Common Stock, par value $0.10 per share
Trading Symbol MPX
Security Exchange Name NYSE
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
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