SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application of Marine Products Corporation to Withdraw its Common Stock, $.10 par value, from Listing and Registration on the American Stock Exchange LLC File No. 1-16263
July 20, 2005
On June 21, 2005, Marine Products Corporation, a Delaware corporation ("Issuer"), filed an application with the Securities and Exchange Commission ("Commission"), pursuant to Section 12(d) of the Securities Exchange Act of 1934 ("Act")1 and Rule 12d2-2(d) thereunder,2 to withdraw its common stock, $.10 par value ("Security"), from listing and registration on the American Stock Exchange LLC ("Amex").
On April 26, 2005, the Board of Directors ("Board") of the Issuer unanimously approved a resolution to withdraw the Security from listing on Amex. The Board stated that the reason for its decision to withdraw the Security from Amex is that the Security will be listed on the New York Stock Exchange ("NYSE") and it would not be beneficial to maintain continued listing on Amex.
The Issuer stated in its application that it has met the requirements of Amex Rule 18 by complying with all applicable laws in effect in the state of Delaware, in which it is incorporated, and provided written notice of withdrawal to Amex.
The Issuer's application relates solely to the withdrawal of the Security from listing on the Amex, and shall not affect its continued listing on the NYSE or its obligation to be registered under Section 12(b) of the Act.3
Any interested person may, on or before August 12, 2005, comment on the facts bearing upon whether the application has been made in accordance with the rules of Amex, and what terms, if any, should be imposed by the Commission for the protection of investors. All comment letters may be submitted by either of the following methods:
All submissions should refer to File Number 1-16263. This file number should be included on the subject line if e-mail is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). Comments are also available for public inspection and copying in the Commission's Public Reference Room. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.
The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.4
Jonathan G. Katz
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