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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

washington, d.c. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 30, 2020

MARINE PRODUCTS CORPORATION

(Exact name of registrant as specified in its charter)
_________________________

 

Delaware 1-16263 58-2572419
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)

(IRS Employer

Identification No.)

 

2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329
(Address of principal executive office) (zip code)

Registrant's telephone number, including area code: (404) 321-7910

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.10 par value   MPX   New York Stock Exchange

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 8.01 Other Events.

 

On March 30, 2020, Marine Products Corporation issued a press release titled, “Marine Products Corporation Announces Temporary Suspension of Production Operations,” announcing the temporary suspension of production in its Nashville, Georgia production facility related to the COVID-19 pandemic. The Company announced that it will temporarily suspend production beginning March 30, and has not decided at this time when production will resume. It noted that essential administrative and management functions will continue without interruption, the Company’s corporate headquarters in Atlanta remains open and that it does not anticipate any delays in its upcoming first quarter 2020 earnings announcement, its Securities and Exchange Commission filings, or its 2020 annual meeting to be held on April 28, 2020.

 

A copy of the press release is furnished as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)       Exhibits.

 

Exhibit 99 - Press Release dated March 30, 2020.

 

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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, Marine Products Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Marine Products Corporation
   
Date:  March 31, 2020 /s/ Ben M. Palmer
  Ben M. Palmer
  Vice President and Chief Financial Officer

 

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