MARINE PRODUCTS CORP

Regulatory Filings • Jan 23, 2008

8-K 1 t61527_8k.htm FORM 8-K t61527_8k.htm Licensed to: ga4252 Document Created using EDGARizer 4.0.3.0 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

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): January 23, 2008

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, Suite 520, Atlanta, Georgia 30329

(Address of principal executive office) (zip code)

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

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):

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

Item 8.01 Other Events.

On January 23, 2008, Marine Products Corporation issued a press release titled, “Marine Products Corporation Announces an 8.3 Percent Increase to the Quarterly Cash Dividend and an Increase in the Share Repurchase Authorization." The press release announced that the Board of Directors declared an increase to the quarterly dividend from $0.06 per share to $0.065 per share.

The press release also announced that the Board of Directors approved a program authorizing the repurchase of an additional 3,000,000 shares of its common stock.

Item 9.01 Financial Statements and Exhibits.

| (d) |
| --- |
| Exhibit
99 - Press Release dated January 23,
2008. |

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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:
January 23, 2008 | /s/
Ben M. Palmer |
| | Ben
M. Palmer |
| | Vice
President, |
| | Chief
Financial Officer and Treasurer |

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