8-K
Marine Products Group, LLC (MPX)
View as plain text
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
| FORM 8-K |
|---|
CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 26, 2022
MARINE PRODUCTS CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-16263 | 58-2572419 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br><br> <br>Identification No.) |
2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329
(Address of principal executive office) (zip code)
Registrant's telephone number, including area
code: (404
) 321-7910
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, $0.10 par value | MPX | New York Stock Exchange |
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 CertainOfficers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 26, 2022, the Board of Directors of Marine Products Corporation (the “Company”) appointed John F. Wilson as Director effective April 26, 2022. Mr. Wilson will stand for election by the stockholders in 2024 as a Class II Director. Mr. Wilson has also been appointed to the Audit Committee effective April 26, 2022 and will be compensated on the same basis as the other non-employee directors. There are no transactions between Mr. Wilson and the Company that would be reportable under Item 404(a) of Regulation S-K, and no arrangements or understandings with any persons pursuant to which he was selected as a director.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 – Press Release dated April 26, 2022
104 - Cover Page Interactive Data File (embeddedwithin the Inline XBRL document)
-2-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Marine Products Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Marine Products Corporation | |
|---|---|
| Date: April 26, 2022 | /s/ Ben M. Palmer |
| Ben M. Palmer | |
| Vice President and Chief Financial Officer |
-3-
Exhibit 99.1
Marine Products Corporation
Board of Directors Appoints
John F. Wilson as New Director
ATLANTA, April 26, 2022 – Marine Products Corporation (NYSE: MPX) today announced the appointment of John F. Wilson to the Board of Directors of the Company effective April 26, 2022.
Wilson is the Vice Chairman of Rollins, Inc. and has previously served as President and Chief Operating Officer of Rollins. Prior to that role he served as Vice President, and then President, of Orkin, LLC. In addition to his new role as a Marine Products Corporation director, he is currently a director at Rollins, Inc. and is concurrently joining the Board of RPC, Inc. He will bring extensive operational, management, and leadership experience to the Marine Products Corporation Board of Directors. Mr. Wilson will serve as a Class II director.
Richard A. Hubbell, President and Chief Executive Officer, stated “We are pleased to welcome John to our Board. He is an accomplished leader that will bring strategic insights to Marine Products Corporation.”
Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo. Chaparral’s sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral’s outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. The Company continues to diversify its product lines through product innovation. With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value. For more information on Marine Products Corporation visit our website at MarineProductsCorp.com.
For information contact:
BEN M. PALMER
Chief Financial Officer
(404) 321-7910
irdept@marineproductscorp.com
JIM LANDERS
Vice President Corporate Services
(404) 321-2162
jlanders@marineproductscorp.com