UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM |
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 27, 2026, Jerry W. Nix, a current director of Marine Products Corporation (the “Company”), informed the Board of Directors that he will not stand for reelection as a director at the Company’s 2026 Annual Meeting of Stockholders. Mr. Nix will serve out his term and continue to serve as a director of the Company until the 2026 Annual Meeting and will continue as Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, and Chairman of the Nominating and Corporate Governance Committee, and as a member of the Audit Committee, until the 2026 Annual Meeting. Mr. Nix’s decision not to stand for reelection was not due to any disagreement between Mr. Nix and the Company regarding any matter relating to the Company’s operations, policies or practices.
Item 8.01 Other Events.
On January 28, 2026, Marine Products Corporation issued a press release titled, "Marine Products Corporation Announces Regular Quarterly Cash Dividend." The press release announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable March 10, 2026 to common stockholders of record at the close of business on February 10, 2026.
Item 9.01. Financial Statements and Exhibits.
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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 |
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Date: January 28, 2026 | /s/ Michael L. Schmit |
| Michael L. Schmit |
| Vice President and Chief Financial Officer |
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