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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 2, 2005
MARINE PRODUCTS CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware 1-16263 58-2572419
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
2170 Piedmont Road, NE, Atlanta, Georgia 30324
(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):
|_| 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))
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Item 2.02 Results of Operations and Financial Condition.
On April 27, 2005, Marine Products Corporation held a conference call to discuss
the first quarter 2005 financial results and answer questions from the
investment community.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Except for the historical information contained in this report and the press
release and earnings call transcript furnished as exhibits hereto, the
statements made by Marine Products Corporation are forward-looking statements
that involve risks and uncertainties. Such forward-looking statements include
(but are not limited to) all information constituting, described as, or relating
to guidance, plans, hopes, expectations, predictions, forecasts, guesses,
projections, prospects, trends, and any and all other statements that express
opinions and discuss, relate to, or describe facts or events in the future,
including the performance of the company. All such forward-looking statements
are subject to the safe harbor created by the Private Securities Litigation
Reform Act of 1995 and involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Marine Products to be materially different from any future results, performance
or achievements expressed or implied in such forward-looking statements. Such
risks include Marine Products' dependence on its network of independent boat
dealers, which may affect its growth plans and net sales, weather conditions,
personal injury or property damage claims, inability to obtain adequate raw
materials, inability to continue to increase the production of the Robalo
product line, realization of repurchase obligations under agreements with
third-party dealer floor plan lenders, the effects of the economy and inflation,
on the demand for power boats, competitive nature of the recreational boat
industry, inability to complete acquisitions, loss of key personnel, or ability
to attract and retain qualified personnel. Additional factors that could cause
the actual results to differ materially from management's forward-looking
statements are discussed in Marine Products's Form 10-K filed with the
Securities and Exchange Commission for the year ended December 31, 2004. Marine
Products disclaims any obligation or duty to update or modify these
forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99 - Conference Call Transcript dated April 27, 2005.
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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: May 2, 2005 /s/ BEN M. PALMER
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Ben M. Palmer
Vice President,
Chief Financial Officer and Treasurer
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