MPX holders should have received their merger consideration (MasterCraft shares + cash) from the exchange agent. The stock is no longer traded under MPX; any remaining positions should be monitored for the Form 15 deregistration filing. For MasterCraft (ticker likely MCFT), the acquisition adds Marine Products' boat brands and manufacturing — watch for Q2 2026 earnings to assess integration and synergy realization.
Price Chart
Executive Summary
Marine Products Corporation has been acquired by MasterCraft Boat Holdings in a stock-and-cash merger that closed on May 15, 2026. Each MPX share converted into 0.232 MasterCraft shares plus $2.43 cash. MPX common stock was delisted from the NYSE effective before the open on May 15, and the registrant converted to a Delaware LLC (Marine Products Group, LLC) wholly owned by MasterCraft. All prior directors and officers resigned; MasterCraft's CEO and CFO assumed management. The transaction was approved by shareholders on May 12, 2026, per the prior DEFM14A proxy.
Key Facts
- Merger closed May 15, 2026: each MPX share → 0.232 MasterCraft shares + $2.43 cash
- MPX common stock delisted from NYSE effective before open on May 15, 2026
- Marine Products converted to LLC (Marine Products Group, LLC) wholly owned by MasterCraft
- All 10 directors and 3 named executive officers resigned; MasterCraft CEO Bradley Nelson and CFO W. Scott Kent now manage the entity
- MasterCraft board expanded from 7 to 10; former Marine Products stockholders (Specified Stockholders) have director nomination rights while owning ≥10% of MasterCraft voting power
- Shareholder vote on merger was scheduled for May 12, 2026 (per prior DEFM14A proxy)
Financial Impact
MPX shareholders received 0.232 MasterCraft shares + $2.43 cash per MPX share. At the closing VWAP of $25.27 per MasterCraft share, the stock consideration is worth ~$5.86 per MPX share, plus $2.43 cash = ~$8.29 total per MPX share. This represents a premium to the $8.18 closing price of MPX on the day before closing.
Risk Factors
- Post-merger integration risk — combining two boat manufacturers may face operational or cultural friction
- MasterCraft's stock price may adjust as the market digests the combined entity's earnings profile and leverage
- Specified Stockholders' director nomination rights create potential governance complexity if ownership thresholds are breached
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-062557 |
| Document: tm2614719d1_ex3-1.htm | 0001104659-26-062557 |
| Document: 0001104659-26-062557-index-headers.html | 0001104659-26-062557 |
| Document: 0001104659-26-062557-index.html | 0001104659-26-062557 |
| Document: 0001104659-26-062557.txt | 0001104659-26-062557 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 26, 2026 21w ago | 15-12G | — | awaiting T+5 | — | — |
May 15, 2026 23w ago | 8-K | $8.21 | awaiting T+5 | — | — |
May 7, 2026 24w ago | 8-K | $8.32 $8.23 | ▲ +1.08% | ▲ +2.59% | — |
May 1, 2026 25w ago | 425 | $7.62 $8.49 | ▲ +11.39% | ▲ +8.46% | — |
Apr 28, 2026 25w ago | 8-K | $7.69 $7.99 | ▲ +3.84% | ▲ +0.73% | — |
Apr 7, 2026 28w ago | 425 | $7.30 $7.60 | ▲ +4.15% | ▲ +0.63% | — |
Mar 18, 2026 31w ago | 8-K | $6.89 $7.39 | ▲ +7.19% | ▲ +7.91% | — |
US Market Status
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