0001144204-18-055049.txt : 20181024 0001144204-18-055049.hdr.sgml : 20181024 20181024070022 ACCESSION NUMBER: 0001144204-18-055049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20181024 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181024 DATE AS OF CHANGE: 20181024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARINE PRODUCTS CORP CENTRAL INDEX KEY: 0001129155 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] IRS NUMBER: 582572419 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16263 FILM NUMBER: 181135257 BUSINESS ADDRESS: STREET 1: 2801 BUFORD HIGHWAY NE, SUITE 520 CITY: ATLANTA STATE: GA ZIP: 30329 BUSINESS PHONE: 404-321-2140 MAIL ADDRESS: STREET 1: 2801 BUFORD HIGHWAY NE, SUITE 520 CITY: ATLANTA STATE: GA ZIP: 30329 8-K 1 tv505304_8k.htm FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
washington, d.c. 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): October 24, 2018

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 520, Atlanta, Georgia 30329
(Address of principal executive office) (zip code)

 

Registrant's telephone number, including area code: (404) 321-7910

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):

 

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

 

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

 

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

 

oPre-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 o

 

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. o

 

 


 

 

 

Item 8.01 Other Events.

 

On October 24, 2018, Marine Products Corporation issued a press release titled, "Marine Products Corporation Announces Regular Quarterly Cash Dividend and Special Year-End Cash Dividend." The press release announced that the Board of Directors declared a dividend of $0.10 per share plus a special year-end cash dividend of $0.10 per share, both payable December 10, 2018 to common stockholders of record at the close of business on November 9, 2018.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d)Exhibits.

 

Exhibit 99 - Press Release dated October 24, 2018.

 

-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:  October 24, 2018 /s/ Ben M. Palmer
  Ben M. Palmer
  Vice President,
  Chief Financial Officer and Treasurer

 

-3

 

EX-99 2 tv505304_ex99.htm EXHIBIT 99

Exhibit 99

 

 

 

Marine Products Corporation Announces Regular Quarterly

Cash Dividend and Special Year-End Cash Dividend

 

ATLANTA, October 24, 2018 - Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share. In addition, the Board declared a special year-end dividend of $0.10 per share. Both dividends will be paid December 10, 2018 to shareholders of record at the close of business November 9, 2018.

 

“Marine Products Corporation’s regular quarterly dividend continues the high dividend level established during the first quarter of 2018, and our special year-end dividend is 100 percent higher than the special year-end dividend we paid last year. Our Board of Directors continues to believe that a high dividend level represents a prudent use of capital to reward our shareholders for their support of our company,” stated Richard Hubbell, Chief Executive Officer of Marine Products Corporation.

 

Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive, jet drive and outboard pleasure boats, and Robalo outboard sport fishing boats.  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 www.marineproductscorp.com.

 

For information contact:

 

BEN M. PALMER

Chief Financial Officer

(404) 321-7910

irdept@marineproductscorp.com

 

JIM LANDERS

Vice President, Corporate Finance

(404) 321-2162

jlanders@marineproductscorp.com

 

 

 

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