t61527_8k.htm
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)
Exhibits.
     
 
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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