LOR INC 4

4 · MARINE PRODUCTS GROUP, LLC · Filed May 19, 2026

AI-generated summary of this filing

Updated May 19, 2026

Marine Products (MPX) 10% Owner LOR Inc Sells Shares

What Happened

LOR Inc., listed as a 10% owner of Marine Products (MPX), reported dispositions of Marine Products common shares on 2026-05-15. The filing shows four "other acquisition or disposition" (code J) entries totaling 20,658,460 shares (19,138,233; 1,065,476; 297,913; 156,838).
Per the Merger Agreement (Footnote F1), each Marine Products share was converted into $2.43 cash plus 0.232 shares of MasterCraft common stock. Using MasterCraft's May 14, 2026 close of $24.64, the combined consideration is about $8.15 per Marine Products share, implying total consideration of roughly $168.3 million. This disposition stems from the merger conversion mechanics, not an open-market sale by the insider.

Key Details

Transaction date: 2026-05-15. Form 4 filed: 2026-05-19 (filed within the two-business-day window).
Transaction code: J ("Other acquisition or disposition") — explained by Merger Agreement conversion (Footnote F1). Reported unit price: N/A in filing; conversion terms used to value consideration (~$2.43 cash + 0.232 MasterCraft shares).
Shares disposed: 19,138,233; 1,065,476; 297,913; 156,838 — total 20,658,460 shares.
Estimated per-share consideration: ~$8.15 (=$2.43 cash + 0.232 × $24.64). Estimated total consideration: ≈ $168.3M (based on MasterCraft close on 5/14/2026).
Shares owned after transaction: Not specified in the provided filing.
Footnote F2: The reporting person disclaims beneficial ownership except to the extent of pecuniary interest (standard for some institutional filings).

Context

This is a merger-related conversion (Marine Products into cash + MasterCraft stock) rather than a discretionary insider market sale; the Form 4 records the disposition resulting from the deal mechanics.
As a 10% owner (institutional holder), LOR Inc.'s filing documents restructuring of holdings under the Merger Agreement rather than an executive personal trade; avoid interpreting this as a signal of management sentiment.

Form 4Exit

Period: 2026-05-15

10% Owner

Transactions

Other
Common Stock, $.10 Par Value
[F1]
2026-05-15−19,138,233→ 0 total
Other
Common Stock, $.10 Par Value
[F1][F2]
2026-05-15−1,065,476→ 0 total(indirect: By LLC)
Other
Common Stock, $.10 Par Value
[F1][F2]
2026-05-15−297,913→ 0 total(indirect: By LLC)
Other
Common Stock, $.10 Par Value
[F1][F2]
2026-05-15−156,838→ 0 total(indirect: By LLC)

Footnotes (2)

[F1]Pursuant to the Agreement and Plan of Merger, dated as of February 5, 2026 (the "Merger Agreement"), by and among MasterCraft Boat Holdings, Inc. ("MasterCraft"), Marine Products Corporation ("Marine Products"), Titan Merger Sub 1, Inc., a direct wholly owned subsidiary of MasterCraft, and Titan Merger Sub 2, LLC, a direct wholly owned subsidiary of MasterCraft, at the First Effective Time (as defined in the Merger Agreement), each share of Marine Products' common stock, par value $0.10 per share, was converted into the right to receive $2.43 in cash, without interest, and 0.232 shares of MasterCraft common stock, par value $0.01 per share. The market price of MasterCraft common stock was $24.64 per share at the close of business May 14, 2026.
[F2]The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.

Signature

/s/ LOR, Inc. By: W. Keith Wilkes, Jr., Assistant Vice President|2026-05-19

1 file