Marine Products Corp. Completes MasterCraft Merger, Delists from NYSE

summarizeSummary

Marine Products Corporation has officially completed its merger with MasterCraft Boat Holdings, Inc., resulting in its delisting from the NYSE and the conversion of its shares into MasterCraft stock and cash.

check_boxKey Events

• Merger Completed

  Marine Products Corporation has officially completed its acquisition by MasterCraft Boat Holdings, Inc. on May 15, 2026, as previously announced.

• Share Conversion

  Each share of Marine Products common stock was converted into 0.232 shares of MasterCraft common stock and $2.43 in cash.

• Delisting from NYSE

  Marine Products Common Stock (MPX) ceased trading on the NYSE before the open of business on May 15, 2026, and will be deregistered.

• Change of Control and Management

  Marine Products is now a wholly-owned subsidiary of MasterCraft. All former Marine Products directors and executive officers have resigned, with new leadership appointed from MasterCraft.

auto_awesomeAnalysis

This 8-K confirms the official closing of Marine Products Corporation's acquisition by MasterCraft Boat Holdings, Inc. As a result, Marine Products Common Stock has ceased trading on the NYSE and will be deregistered. Shareholders received a combination of MasterCraft stock and cash for their shares. This marks the end of Marine Products as an independent public entity and a significant change in control and management.