MARINE PRODUCTS CORP Files 8-K on Financial Results
Ticker: MPX · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1129155
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, corporate-filing
TL;DR
**MPX filed an 8-K on January 25, 2024, updating on financial results.**
AI Summary
MARINE PRODUCTS CORPORATION filed an 8-K on January 25, 2024, to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'. This filing indicates that the company is providing an update on its financial performance, which is crucial for investors to understand the company's health and future prospects. For shareholders, this matters because it offers transparency into how the company is performing, directly impacting their investment's value.
Why It Matters
This filing provides an update on MARINE PRODUCTS CORPORATION's financial health, which is essential for investors to assess the company's performance and make informed decisions about their stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides information to assess existing ones.
Analyst Insight
A smart investor would review the detailed 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' once they become available to fully understand MARINE PRODUCTS CORPORATION's financial performance and its implications for future stock value.
Key Numbers
- 001-16263 — SEC File Number (identifies the company's registration with the SEC)
- 58-2572419 — IRS Employer Identification No. (unique tax identification number for the company)
- 404-321-7910 — Registrant's telephone number (contact information for the company)
- $0.10 — par value per share (par value of the Common Stock)
Key Players & Entities
- MARINE PRODUCTS CORPORATION (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for MARINE PRODUCTS CORPORATION
- MPX (company) — trading symbol for MARINE PRODUCTS CORPORATION
- New York Stock Exchange (company) — exchange where MPX Common Stock is registered
FAQ
What specific items were reported in this 8-K filing by MARINE PRODUCTS CORPORATION?
The 8-K filing by MARINE PRODUCTS CORPORATION on January 25, 2024, reported on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' under Item Information.
What is the trading symbol and the exchange where MARINE PRODUCTS CORPORATION's common stock is registered?
MARINE PRODUCTS CORPORATION's common stock has the trading symbol MPX and is registered on the New York Stock Exchange, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the state of incorporation for MARINE PRODUCTS CORPORATION?
MARINE PRODUCTS CORPORATION is incorporated in Delaware, as indicated in the filing under 'State or Other Jurisdiction of Incorporation'.
What is the business address of MARINE PRODUCTS CORPORATION as listed in the 8-K?
The business address of MARINE PRODUCTS CORPORATION is 2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329, according to the 'BUSINESS ADDRESS' section of the filing.
Did MARINE PRODUCTS CORPORATION indicate if it is an emerging growth company in this filing?
No, MARINE PRODUCTS CORPORATION did not indicate that it is an emerging growth company. The checkbox for 'Emerging growth company' is not marked in the filing.
Filing Stats: 426 words · 2 min read · ~1 pages · Grade level 11.4 · Accepted 2024-01-25 06:46:18
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 par value MPX New York Stock Exchan
Filing Documents
- mpx-20240125x8k.htm (8-K) — 32KB
- mpx-20240125xex99d1.htm (EX-99.1) — 270KB
- mpx-20240125xex99d1001.jpg (GRAPHIC) — 10KB
- 0001558370-24-000492.txt ( ) — 453KB
- mpx-20240125.xsd (EX-101.SCH) — 3KB
- mpx-20240125_lab.xml (EX-101.LAB) — 16KB
- mpx-20240125_pre.xml (EX-101.PRE) — 10KB
- mpx-20240125x8k_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 25, 2024, Marine Products Corporation issued a press release titled "Marine Products Corporation Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend," announcing the financial results for the fourth quarter and full year ended December 31, 2023.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. 99.1 Press Release dated January 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
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 25, 2024 /s/ Michael L. Schmit Michael L. Schmit Vice President and Chief Financial Officer 3