RCTLOR, LLC 4
4 · MARINE PRODUCTS GROUP, LLC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Marine Products (MPX) 10% Owner RCTLOR LLC Receives Merger Consideration
What Happened
RCTLOR, LLC, a reported 10% owner of Marine Products Group, LLC (MPX), reported an "other acquisition or disposition (J)" on 2026-05-15 for 1,065,476 shares (reported as "Acquired"). Per the Merger Agreement, each MPX share was converted into $2.43 in cash and 0.232 shares of MasterCraft common stock. Using MasterCraft's close price of $24.64 on 2026-05-14 implies an estimated value of about $8.15 per MPX share and total consideration of approximately $8.68 million. This was a conversion under a merger transaction, not an open-market purchase.
Key Details
- Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (filed within the SEC two business‑day window).
- Reported action: Other acquisition/disposition (code J); 1,065,476 shares "Acquired"; price listed as N/A on the form.
- Conversion terms (footnote): $2.43 cash + 0.232 MasterCraft shares per MPX share (MasterCraft close 5/14/2026 = $24.64).
- Estimated per‑share value: ~$8.15; estimated total consideration: ≈ $8.68M.
- Shares owned after the transaction: not specified in the filing.
- Notable: This filing reflects merger consideration under the Merger Agreement (dated Feb 5, 2026). The reporting party is a 10% owner — an institutional holder, not an executive insider.
Context
Because this was a deal-driven conversion (cash + stock) rather than a market buy or sale, it reflects the merger terms more than a trade signal about future performance. For retail investors, purchases reported as open-market buys often carry more immediate sentiment information; conversions like this indicate the closing of a corporate transaction and distribution of deal consideration.
Insider Transaction Report
- Other
Common Stock, $.10 Par Value
[F1]2026-05-15+1,065,476→ 0 total
Footnotes (1)
- [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.