MARINE PRODUCTS GROUP, LLC Material Event Summary

Here is the breakdown of the latest news regarding Marine Products Group, LLC. I have removed the corporate jargon so you can get straight to the facts.

1. What happened?

MasterCraft Boat Holdings, Inc. has officially acquired Marine Products Corporation. As of May 15, 2026, the merger is complete. Marine Products is no longer an independent, publicly traded company; it is now a subsidiary called "Marine Products Group, LLC." The Chaparral and Robalo boat brands are now part of the MasterCraft portfolio.

2. Why did it happen?

The companies joined forces to grow their share of the recreational boating market. By working together, they aim to simplify manufacturing, combine distribution networks, and increase total profit.

3. What this means for your investment

This marks the end of Marine Products as a standalone stock. If you held shares, they were converted into a mix of MasterCraft stock and cash. For every share of Marine Products you owned, you received 0.232 shares of MasterCraft stock plus $2.43 in cash. Because the company is now a private subsidiary, it no longer trades on the New York Stock Exchange and will stop filing its own public financial reports.

4. Who is affected?

• Investors: Your investment has changed. Check your brokerage account to confirm your new MasterCraft shares and the cash deposit. Note that the cash payment may have tax implications.
• Customers: Day-to-day business continues as usual. Your warranties and service agreements for Chaparral and Robalo boats remain valid under the new ownership.
• Employees: The company has new leadership. The previous board of directors and top executives resigned, and the MasterCraft team now manages the combined operations.

5. What happens next?

Marine Products Group, LLC now operates as part of the MasterCraft family. You will no longer see "MPX" on the stock ticker. To track the business, you must now follow MasterCraft Boat Holdings, Inc. (ticker: MCFT). The financial results of the former Marine Products business will now appear in MasterCraft’s future earnings reports.

6. Investor Checklist

• Verify your account: Confirm that your brokerage correctly converted your shares into MasterCraft stock and cash. Check that they handled any fractional shares according to the merger terms.
• Update your watchlist: Remove "MPX" from your tracking list and add MasterCraft (MCFT) if you wish to follow the combined company.
• The Big Picture: This is a permanent change. Your investment is now tied to the success of the combined company. Future performance depends on MasterCraft’s ability to successfully integrate these brands and manage the costs of the acquisition.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and should not be considered financial advice. Always do your own research or consult with a tax professional regarding the implications of this merger on your personal portfolio.