t61559_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 22, 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.)

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):

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 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
 
Executive Officer Compensation

On January 22, 2008, the Compensation Committee of the Board of Directors approved discretionary annual bonuses for 2007 for certain of its executive officers as follows:

Name
Title
  
2007
Cash Bonus
  
Richard A. Hubbell
President and Chief Executive Officer
   $ 110,000  
Ben M. Palmer
Vice President, Chief Financial Officer and Treasurer
   $ 70,000  
R. Randall Rollins
Chairman
   $ 139,000  
Linda H. Graham
Vice President and Secretary
   $ 25,000  


 
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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 25, 2008
/s/ Ben M. Palmer
  
 
Ben M. Palmer
  
 
Vice President,
  
 
Chief Financial Officer and Treasurer
 
 
 
 
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