MARINE PRODUCTS CORP 8-K

What Happened
Marine Products Corporation (MPX) filed an 8-K on January 28, 2026 announcing two items: long-serving director Jerry W. Nix informed the board he will not stand for reelection at the Company’s 2026 Annual Meeting of Stockholders, and the Board declared a regular quarterly cash dividend of $0.14 per share. Mr. Nix will continue to serve as a director and in his leadership roles through the 2026 Annual Meeting and his decision was not due to any disagreement with the Company.

Key Details

• Jerry W. Nix notified the Board on January 27, 2026 that he will not stand for reelection at the 2026 Annual Meeting; he will remain Lead Independent Director and chair of the Human Capital Management & Compensation Committee and the Nominating & Corporate Governance Committee, and remain a member of the Audit Committee, through the meeting.
• The Board 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.
• The 8-K filing was dated and filed on January 28, 2026.

Why It Matters

• Governance: A director choosing not to stand for reelection signals an upcoming change in board composition at the 2026 Annual Meeting; Mr. Nix will continue in key governance roles until then, so any immediate board leadership changes are not effective until after the meeting.
• Income for shareholders: The declared $0.14 quarterly dividend provides a cash return to eligible shareholders; note the February 10, 2026 record date and March 10, 2026 payment date to determine eligibility.