Filing Details
- Accession Number:
- 0001654954-21-006678
- Form Type:
- 13D Filing
- Publication Date:
- 2021-06-07 20:00:00
- Filed By:
- Rollins Gary W
- Company:
- Marine Products Corp (NYSE:MPX)
- Filing Date:
- 2021-06-08
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Gary W. Rollins | 724,733 | 22,224,313 | 724,733 | 22,224,313 | 22,949,046 | 67.5 percent 14 Type of Reporting Person IN Includes the following shares of Company common stock (a) 3,116 shares held in a charitable trust of which he is a co-trustee and as to which he shares voting and investment power (b) 19,121,676 shares held by LOR, Inc., a Georgia corporation, (Mr. Gary W. Rollins is an officer and director of LOR, Inc., and has a 50% |
| RFA Management Company | 156,838 | 0 | 156,838 | 0 | 156,838 | 0.5 percent 14 Type of Reporting Person OO CUSIP No. 568427 10 8 Page 4 of 23 1 Name of Reporting Person RFPS Investments III, L.P. 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 0 8 Shared Voting Power 0 9 Sole Dispositive Power 0 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 0 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 0.0 percent 14 Type of Reporting Person PN CUSIP No. 568427 10 8 Page 5 of 23 1 Name of Reporting Person LOR, Inc. 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 19,121,676 8 Shared Voting Power 1,536,824 9 Sole Dispositive Power 19,121,676 10 Shared Dispositive Power 1,536,824 11 Aggregate Amount Beneficially Owned by Each Reporting Person 20,658,500 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 60.8 percent 14 Type of Reporting Person CO Includes the following shares of Company common stock (a) 156,838 shares held by RFA Management Company, LLC, a Georgia limited liability company, the manager of which is LOR, Inc. (b) 297,913 shares held by RFT Investment Company, LLC. (LOR, Inc. is the manager of RFT Investment Company, LLC) (c) 16,597 shares held by LOR Investment Company, LLC, a Georgia limited liability company, (LOR Investment Company, LLC is member managed, and LOR, Inc. holds a majority of all voting interests in LOR Investment Company, LLC), and (d) 1,065,476 shares held by RCTLOR, LLC, a Georgia limited liability company, (LOR, Inc. is the managing member of RCTLOR, LLC). The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person s pecuniary interest. CUSIP No. 568427 10 8 Page 6 of 23 1 Name of Reporting Person LOR Investment Company, LLC 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 16,597 8 Shared Voting Power 0 9 Sole Dispositive Power 16,597 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 16,597 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 0.0 percent 14 Type of Reporting Person OO CUSIP No. 568427 10 8 Page 7 of 23 1 Name of Reporting Person RFT Investment Company, LLC 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 297,913 8 Shared Voting Power 0 9 Sole Dispositive Power 297,913 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 297,913 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 0.9 percent 14 Type of Reporting Person OO CUSIP No. 568427 10 8 Page 8 of 23 1 Name of Reporting Person Rollins Holding Company, Inc. 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 343,479 8 Shared Voting Power 0 9 Sole Dispositive Power 343,479 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 343,479 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 1.0 percent 14 Type of Reporting Person CO CUSIP No. 568427 10 8 Page 9 of 23 1 Name of Reporting Person The Gary W. Rollins Voting Trust U A dated September 14, 1994 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 0 8 Shared Voting Power 0 9 Sole Dispositive Power 0 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 0 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 0.0 percent 14 Type of Reporting Person OO CUSIP No. 568427 10 8 Page 10 of 23 1 Name of Reporting Person RCTLOR, LLC 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 1,065,476 8 Shared Voting Power 0 9 Sole Dispositive Power 1,065,476 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 1,065,476 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 3.1 percent 14 Type of Reporting Person OO CUSIP No. 568427 10 8 Page 11 of 23 1 Name of Reporting Person 1997 RRR Grandchildren s Partnership 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 38,304 8 Shared Voting Power 0 9 Sole Dispositive Power 38,304 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 38,304 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 0.1 percent 14 Type of Reporting Person PN CUSIP No. 568427 10 8 Page 12 of 23 1 Name of Reporting Person The Gary W. Rollins Revocable Trust 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 219,149 8 Shared Voting Power 0 9 Sole Dispositive Power 219,149 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 219,149 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 0.6 percent 14 Type of Reporting Person OO CUSIP No. 568427 10 8 Page 13 of 23 1 Name of Reporting Person WNEG Investments, L.P. 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds OO 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization United States 7 Sole Voting Power 327,258 8 Shared Voting Power 0 9 Sole Dispositive Power 327,258 10 Shared Dispositive Power 0 11 Aggregate Amount Beneficially Owned by Each Reporting Person 327,258 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 1.0 percent 14 Type of Reporting Person PN CUSIP No. 568427 10 8 Page 14 of 23 Item 1. Security and Issuer This Amendment No. 9 to Schedule 13D relates to the Common Stock, .10 par value, of Marine Products Corporation, a Delaware corporation (the Company ). The original Schedule 13D was filed on January 10, 2003 and was amended by Amendment No. 1 filed on May 1, 2003, Amendment No. 2 filed on January 31, 2013, Amendment No. 3 filed on August 17, 2016, Amendment No. 4 filed on November 15, 2016, Amendment No. 5 filed on August 7, 2019, Amendment No. 6 filed on July 2, 2020, Amendment No. 7 filed on August 21, 2020, and Amendment No. 8 filed on December 9, 2020 (collectively the Schedule 13D, as amended ). The Schedule 13D, as amended, is incorporated by reference herein. The principal executive office of the Company is located at 2801 Buford Highway, Suite 300 Atlanta, Georgia 30329 Item 2. Identity and Background 1. (a) Gary W. Rollins is a reporting person filing this statement. (b) His principal business address is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324. (c) His principal occupation is Chairman and Chief Executive Officer of Rollins, Inc., engaged in the provision of pest and termite control services, the business address of which is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324. (d) None. (e) None. (f) United States. CUSIP No. 568427 10 8 Page 15 of 23 2. RFA Management Company, LLC is a reporting person filing this statement. It is a Georgia limited liability company, and its principal business address is 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its principal business is to serve as a family office investment manager. (d) None. (e) None. 3. RFPS Investments III, L.P. is a reporting person filing this statement. It is a Georgia limited partnership, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Prior to its dissolution, its principal business was to serve as a private investment holding company. (d) None. (e) None. 4. LOR, Inc. is a reporting person filing this statement. It is a Georgia corporation, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its principal business is to serve as a private investment holding company. (d) None. (e) None. 5. LOR Investment Company, LLC is a reporting person filing this statement. It is a Georgia limited liability company, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its principal business is to serve as a private investment holding company. (d) None. (e) None. 6. RFT Investment Company, LLC is a reporting person filing this statement. It is a Georgia limited liability company, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its principal business is to serve as a private investment holding company. (d) None. (e) None. 7. Rollins Holding Company, Inc. is a reporting person filing this statement. It is a Georgia corporation, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its principal business is to serve as a private investment holding company. (d) None. (e) None. CUSIP No. 568427 10 8 Page 16 of 23 8. The Gary W. Rollins Voting Trust U A dated September 14, 1994 (the GWR Voting Trust ) is a reporting person filing this statement. GWR Voting Trust is a revocable trust established by and for the benefit of Gary W. Rollins. Gary W. Rollins is the sole trustee of GWR Voting Trust. The principal business address of GWR Voting Trust is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. (d) None. (e) None. 9. RCTLOR, LLC is a reporting person filing this statement. It is a Georgia limited liability company, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its principal business is to serve as a private investment holding company. (d) None. (e) None. 10. 1997 RRR Grandchildren s Partnership is a reporting person filing this statement. It is a Georgia general partnership, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. It is a family investment entity. (d) None. (e) None. 11. The Gary W. Rollins Revocable Trust is a reporting person filing this statement. It is a revocable trust established by and for the benefit of Gary W. Rollins. Gary W. Rollins is the sole trustee of The Gary W. Rollins Revocable Trust. The principal business address of The Gary W. Rollins Revocable Trust is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. (d) None. (e) None. 12. WNEG Investments, L.P. is a reporting person filing this statement. It is a Georgia limited partnership, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. It is a family investment entity. (d) None. (e) None. 13. WNEG Management Company, LLC is the general partner of WNEG Investments, L.P., which is a reporting person filing this statement. It is a Georgia limited liability company, and its principal business address is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. It is a family investment entity, and Gary W. Rollins is its sole manager and member. (d) None. (e) None. CUSIP No. 568427 10 8 Page 17 of 23 14. (a) Thomas Hamilton Claiborne is a director of LOR, Inc., which is a reporting person filing this statement. (b) His address is 15 Ellensview Ct., Richmond, VA 23226. (c) His principal occupation is Managing Director, Mary Oppenheimer Daughters Holdings Limited, the business address of which is Mary Oppenheimer Daughters Holdings Limited, 2 nd Floor Cycle 360 House, Isle of Man Business Park, Douglas, Isle of Man IM2 2QZ. (d) None. (e) None. (f) United States. 15. (a) Amy R. Kreisler is a director of LOR, Inc., which is a reporting person filing this statement. (b) Her business address is 1908 Cliff Valley Way NE, Atlanta, GA 30329. (c) Her principal occupation is Executive Director, The O. Wayne Rollins Foundation (private charitable trust), the business address of which is 1908 Cliff Valley Way NE, Atlanta, GA 30329. (d) None. (e) None. (f) United States. 16. (a) Paul Morton is a director of LOR, Inc., which is a reporting person filing this statement. (b) His business address is 3620 Happy Valley Road, Suite 202, Lafayette, CA 94549. (c) His principal occupation is Managing Director, Morton Management LLC, the business address of which is 3620 Happy Valley Road, Suite 202, Lafayette, CA 94549. (d) None. (e) None. (f) United States. 17. (a) Pamela R. Rollins is a director of LOR, Inc., which is a reporting person filing this statement. (b) Her business address is 1908 Cliff Valley Way NE, Atlanta, GA 30329. CUSIP No. 568427 10 8 Page 18 of 23 (c) Her principal occupation is as Board member for Young Harris College, and Board member of National Monuments Foundation and the O. Wayne Rollins Foundation, the business address of which is 1908 Cliff Valley Way NE, Atlanta, GA 30329. (d) None. (e) None. (f) United States. 18. (a) Timothy C. Rollins is a director of LOR, Inc., which is a reporting person filing this statement. (b) 1908 Cliff Valley Way NE, Atlanta, GA 30329. (c) His principal occupation is Vice President of Rollins Investment Company (management services), the business address of which is 1908 Cliff Valley Way NE, Atlanta, GA 30329. (d) None. (e) None. (f) United States. 19. Nine family trusts (the 1976 RRR Trusts ) are the general partners of 1997 RRR Grandchildren s Partnership, which is a reporting person filing this statement. The 1976 RRR Trusts are irrevocable trusts established by R. Randall Rollins for the benefit of his grandchildren and more remote descendants. Gary W. Rollins is a trustee of the 1976 RRR Trusts and exercises de facto control over them. The principal business address of the 1976 RRR Trusts is c o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. (d) None. (e) None. 20. (a) Donald P. Carson is a director and the Secretary and Treasurer of LOR, Inc., which is a reporting person filing this statement. He is also a director and the Secretary and Treasurer of Rollins Holding Company, Inc., which is a reporting person filing this statement. (b) His business address is 1908 Cliff Valley Way NE, Atlanta, GA 30329. (c) His principal occupation is President, RFA Management Company, LLC, the business address of which is 1908 Cliff Valley Way NE, Atlanta, GA 30329. (d) None. (e) None. (f) United States. CUSIP No. 568427 10 8 Page 19 of 23 Item 3. Source and Amount of Funds or Other Consideration See the Schedule 13D, as amended, for historical information. Item 4. Purpose of Transaction See the Schedule 13D, as amended. Subject to applicable securities laws and regulations, market conditions and other factors, the reporting persons may sell a portion of the shares of Company common stock beneficially owned by the reporting persons from time to time in open market transactions pursuant to Rule 144 under the Securities Act of 1933, as amended, pursuant to registered secondary offerings, in privately negotiated transactions or otherwise, including pursuant to Rule 10b5-1 sales plans, for liquidity, asset diversification, tax and estate planning and charitable giving purposes. The reporting persons may modify their current plans depending on the reporting persons evaluation of various factors, including the Company s business prospects and financial position, other developments concerning the Company, the price level of the Company common stock, conditions in the securities markets and general economic and industry conditions and other factors deemed relevant by the reporting persons. Furthermore, the reporting persons continue to reserve the right to formulate plans or make proposals, and take such action with respect thereto, including any or all of the items set forth in subsections (a) through (j) of Item 4 of Schedule 13D and any other actions, as they may determine. Item 5. Interest in Securities of the Issuer (a)-(b) See the cover pages to this Amendment. Mr. Thomas Claiborne does not beneficially own any shares of Company Common Stock. Ms. Amy R. Kreisler beneficially owns 259,043 shares of Company Common Stock (0.8% |
| RFPS Investments III | 0 | 0 | 0 | 0 | 0 | |
| LOR, Inc | 19,121,676 | 1,536,824 | 19,121,676 | 1,536,824 | 20,658,500 | |
| LOR Investment Company | 16,597 | 0 | 16,597 | 0 | 16,597 | |
| RFT Investment Company | 297,913 | 0 | 297,913 | 0 | 297,913 | |
| Rollins Holding Company, Inc | 343,479 | 0 | 343,479 | 0 | 343,479 | |
| The Gary W. Rollins Voting Trust U A dated September 14, 1994 | 0 | 0 | 0 | 0 | 0 | |
| RCTLOR | 1,065,476 | 0 | 1,065,476 | 0 | 1,065,476 | |
| 1997 RRR Grandchildren s Partnership | 38,304 | 0 | 38,304 | 0 | 38,304 | |
| The Gary W. Rollins Revocable Trust | 219,149 | 0 | 219,149 | 0 | 219,149 | |
| WNEG Investments | 327,258 | 0 | 327,258 | 0 | 327,258 |
Filing
| CUSIP
No. 568427 10 8 | Page
1 of 23 |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13D
Under
the Securities Exchange Act of 1934
(Amendment
No. 9)
Marine Products Corporation
(Name
of Issuer)
Common Stock, $.10 Par
Value
(Title
of Class of Securities)
568427 10 8
(CUSIP
Number)
| Stephen
D. Fox Arnall
Golden Gregory LLP171 17th Street NW, Suite
2100 Atlanta,
GA 30363 (404)
473-8500 |
| (Name,
Address and Telephone Number of Person Authorized to Receive
Notices and Communications) |
| February
9, 2021 |
| (Date
of Event which Requires Filing of this Statement) |
If the
filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or
13d-1(g), check the following box ☐.
Note:
Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7
for other parties to whom copies are to be sent.
*The
remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The
information required on the remainder of this cover page shall not
be deemed to be “filed” for the purpose of Section 18
of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see
the Notes).
16204945v7
| CUSIP
No. 568427 10 8 | Page 2
of 23 |
| 1 | Name of
Reporting Person Gary W.
Rollins | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 724,733 | |
| 8 | Shared
Voting Power 22,224,313* | |
| 9 | Sole
Dispositive Power 724,733 | |
| 10 | Shared
Dispositive Power 22,224,313* | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 22,949,046* | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 67.5
percent* | |
| 14 | Type of
Reporting Person IN | |
*
Includes the following shares of Company common
stock: (a) 3,116 shares held in
a charitable trust of which he is a co-trustee and as to which he
shares voting and investment power; (b) 19,121,676 shares held by LOR, Inc., a Georgia
corporation, (Mr. Gary W. Rollins is an officer and director
of LOR, Inc., and has a 50% voting interest in it.); (c) 297,913
shares held by RFT Investment Company, LLC, (LOR, Inc. is the
manager of RFT Investment Company, LLC); (d) 16,597 shares held by
LOR Investment Company, LLC, a Georgia limited liability company,
(LOR Investment Company, LLC is member managed, and LOR, Inc. holds
a majority of all voting interests in LOR Investment Company, LLC);
(e) 343,479 shares held by Rollins Holding Company, Inc., a Georgia
corporation, (Mr. Gary W. Rollins is an officer and director
of Rollins Holding Company, Inc., and has a 50% voting interest in
it.); (f) 1,065,476 shares held by RCTLOR, LLC, a Georgia limited
liability company, (LOR, Inc. is the managing member of RCTLOR,
LLC); (g) 38,304 shares held by 1997 RRR Grandchildren’s
Partnership, a Georgia general partnership, the partners of which
are multiple trusts benefiting the grandchildren and more remote
descendants of his deceased brother, Mr. R. Randall Rollins, (Mr.
Gary W. Rollins is a trustee of each such trust); (h)
327,258 shares held by WNEG Investments, L.P., a Georgia limited
partnership, (Mr. Gary Rollins is the sole member of the sole
general partner of WNEG Investments, L.P.); (i) 219,149 shares held by The Gary W. Rollins
Revocable Trust, as to which he is the sole trustee; (j) 609,793
shares held by two trusts (the “Rollins Family Trusts”)
for the benefit of the children and/or more remote descendants of
his deceased brother, Mr. R. Randall Rollins; (k) 156,838 shares held by RFA
Management Company, LLC, a Georgia limited liability company, the
manager of which is LOR, Inc.; (l)
22,796 shares held by the R. Randall Rollins 2012 Trust; and (m)
1,918 shares held by his spouse. Does not include 1,101,971
shares currently held by the Estate of
R. Randall Rollins, which shares are expected to be transferred to
the R. Randall Rollins 2012 Trust (The trustee of each of the
Rollins Family Trusts and the R. Randall Rollins 2012 Trust is a
corporation over which Mr. Gary W. Rollins has the ability to
assert control within sixty days). It is expected that the R.
Randall Rollins 2012 Trust will distribute all of its Company
shares following receipt of the shares from the Estate. The
reporting person disclaims beneficial ownership of these shares
except to the extent of the reporting person’s pecuniary
interest.
| CUSIP
No. 568427 10 8 | Page
3 of
23 |
| 1 | Name of
Reporting Person RFA
Management Company, LLC | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole Voting
Power
156,838 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power
156,838 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person
156,838 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.5
percent | |
| 14 | Type of
Reporting Person OO | |
| CUSIP
No. 568427 10 8 | Page
4 of
23 |
| 1 | Name of
Reporting Person RFPS
Investments III, L.P. | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☐ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power
0 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power
0 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person
0 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.0
percent | |
| 14 | Type of
Reporting Person PN | |
| CUSIP
No. 568427 10 8 | Page
5 of
23 |
| 1 | Name of
Reporting Person LOR,
Inc. | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole Voting
Power 19,121,676 | |
| 8 | Shared
Voting Power 1,536,824* | |
| 9 | Sole
Dispositive Power 19,121,676 | |
| 10 | Shared
Dispositive Power 1,536,824* | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 20,658,500* | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 60.8
percent* | |
| 14 | Type of
Reporting Person CO | |
*
Includes the following shares of Company common
stock: (a) 156,838 shares held by RFA Management Company,
LLC, a Georgia limited liability company, the manager of which is
LOR, Inc.; (b) 297,913 shares held by
RFT Investment Company, LLC. (LOR, Inc. is the manager of RFT
Investment Company, LLC); (c) 16,597 shares held by LOR Investment
Company, LLC, a Georgia limited liability company, (LOR Investment
Company, LLC is member managed, and LOR, Inc. holds a majority of
all voting interests in LOR Investment Company, LLC), and (d)
1,065,476 shares held by RCTLOR, LLC, a Georgia limited liability
company, (LOR, Inc. is the managing member of RCTLOR, LLC). The
reporting person disclaims beneficial ownership of these shares
except to the extent of the reporting person’s pecuniary
interest.
| CUSIP
No. 568427 10 8 | Page
6 of
23 |
| 1 | Name of
Reporting Person LOR
Investment Company, LLC | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole Voting
Power 16,597 | |
| 8 | Shared
Voting Power
0 | |
| 9 | Sole
Dispositive Power 16,597 | |
| 10 | Shared
Dispositive Power
0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person
16,597 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.0
percent | |
| 14 | Type of
Reporting Person OO | |
| CUSIP
No. 568427 10 8 | Page
7 of
23 |
| 1 | Name of
Reporting Person RFT
Investment Company, LLC | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 297,913 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 297,913 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 297,913 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.9
percent | |
| 14 | Type of
Reporting Person OO | |
| CUSIP
No. 568427 10 8 | Page
8 of
23 |
| 1 | Name of
Reporting Person Rollins
Holding Company, Inc. | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 343,479 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 343,479 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 343,479 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 1.0
percent | |
| 14 | Type of
Reporting Person CO | |
| CUSIP
No. 568427 10 8 | Page
9 of
23 |
| 1 | Name of
Reporting Person The
Gary W. Rollins Voting Trust U/A dated September 14,
1994 | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☐ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 0 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 0 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 0 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.0
percent | |
| 14 | Type of
Reporting Person OO | |
| CUSIP
No. 568427 10 8 | Page
10 of
23 |
| 1 | Name of
Reporting Person RCTLOR,
LLC | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 1,065,476 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 1,065,476 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 1,065,476 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 3.1
percent | |
| 14 | Type of
Reporting Person OO | |
| CUSIP
No. 568427 10 8 | Page
11 of
23 |
| 1 | Name of
Reporting Person 1997
RRR Grandchildren’s Partnership | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 38,304 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 38,304 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 38,304 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.1
percent | |
| 14 | Type of
Reporting Person PN | |
| CUSIP
No. 568427 10 8 | Page 12
of 23 |
| 1 | Name of
Reporting Person The
Gary W. Rollins Revocable Trust | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 219,149 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 219,149 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 219,149 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 0.6
percent | |
| 14 | Type of
Reporting Person OO | |
| CUSIP
No. 568427 10 8 | Page
13 of
23 |
| 1 | Name of
Reporting Person WNEG
Investments, L.P. | |
| 2 | Check
the Appropriate Box if a Member of a Group | (a)☒ (b)☐ |
| 3 | SEC Use
Only | |
| 4 | Source
of Funds OO | |
| 5 | Check
Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) | ☐ |
| 6 | Citizenship or
Place of Organization United
States | |
| 7 | Sole
Voting Power 327,258 | |
| 8 | Shared
Voting Power 0 | |
| 9 | Sole
Dispositive Power 327,258 | |
| 10 | Shared
Dispositive Power 0 | |
| 11 | Aggregate Amount
Beneficially Owned by Each Reporting Person 327,258 | |
| 12 | Check
Box if the Aggregate Amount in Row (11) Excludes Certain
Shares | ☐ |
| 13 | Percent
of Class Represented by Amount in Row (11) 1.0
percent | |
| 14 | Type of
Reporting Person PN | |
| CUSIP
No. 568427 10 8 | Page
14 of
23 |
Item
1.
Security and Issuer
This
Amendment No. 9 to Schedule 13D relates to the Common Stock, $.10
par value, of Marine Products Corporation, a Delaware corporation
(the “Company”). The original Schedule 13D was filed on
January 10, 2003 and was amended by Amendment No. 1 filed on May 1,
2003, Amendment No. 2 filed on January 31, 2013, Amendment No. 3
filed on August 17, 2016, Amendment No. 4 filed on November 15,
2016, Amendment No. 5 filed on August 7, 2019, Amendment No. 6
filed on July 2, 2020, Amendment No. 7 filed on August 21, 2020,
and Amendment No. 8 filed on December 9, 2020 (collectively the
“Schedule 13D, as amended”). The Schedule 13D, as
amended, is incorporated by reference herein. The principal
executive office of the Company is located at:
2801
Buford Highway, Suite 300
Atlanta, Georgia
30329
Item
2.
Identity and Background
1.
(a)
Gary W. Rollins is a reporting person filing this
statement.
(b)
His principal
business address is 2170 Piedmont Road, N.E., Atlanta, Georgia
30324.
(c)
His principal
occupation is Chairman and Chief Executive Officer of Rollins,
Inc., engaged in the provision of pest and termite control
services, the business address of which is 2170 Piedmont Road,
N.E., Atlanta, Georgia 30324.
(d)
None.
(e)
None.
(f)
United
States.
| CUSIP
No. 568427 10 8 | Page
15 of
23 |
2.
RFA Management
Company, LLC is a reporting person filing this statement. It is a
Georgia limited liability company, and its principal business
address is 1908 Cliff Valley Way NE, Atlanta, Georgia 30329. Its
principal business is to serve as a family office investment
manager.
(d)
None.
(e)
None.
3.
RFPS Investments
III, L.P. is a reporting person filing this statement. It is a
Georgia limited partnership, and its principal business address is
c/o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta,
Georgia 30329. Prior to its dissolution, its principal business was
to serve as a private investment holding company.
(d)
None.
(e)
None.
4.
LOR, Inc. is a
reporting person filing this statement. It is a Georgia
corporation, and its principal business address is c/o RFA
Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia
30329. Its principal business is to serve as a private investment
holding company.
(d)
None.
(e)
None.
5.
LOR Investment
Company, LLC is a reporting person filing this statement. It is a
Georgia limited liability company, and its principal business
address is c/o RFA Management Company, LLC, 1908 Cliff Valley Way
NE, Atlanta, Georgia 30329. Its principal business is to serve as a
private investment holding company.
(d)
None.
(e)
None.
6.
RFT Investment
Company, LLC is a reporting person filing this statement. It is a
Georgia limited liability company, and its principal business
address is c/o RFA Management Company, LLC, 1908 Cliff Valley Way
NE, Atlanta, Georgia 30329. Its principal business is to serve as a
private investment holding company.
(d)
None.
(e)
None.
7.
Rollins Holding
Company, Inc. is a reporting person filing this statement. It is a
Georgia corporation, and its principal business address is c/o RFA
Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia
30329. Its principal business is to serve as a private investment
holding company.
(d)
None.
(e)
None.
| CUSIP
No. 568427 10 8 | Page 16
of 23 |
8.
The Gary W. Rollins
Voting Trust U/A dated September 14, 1994 (the “GWR Voting
Trust”) is a reporting person filing this statement. GWR
Voting Trust is a revocable trust established by and for the
benefit of Gary W. Rollins. Gary W. Rollins is the sole trustee of
GWR Voting Trust. The principal business address of GWR Voting
Trust is c/o RFA Management Company, LLC, 1908 Cliff Valley Way NE,
Atlanta, Georgia 30329.
(d)
None.
(e)
None.
9.
RCTLOR, LLC is a
reporting person filing this statement. It is a Georgia limited
liability company, and its principal business address is c/o RFA
Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia
30329. Its principal business is to serve as a private investment
holding company.
(d)
None.
(e)
None.
10.
1997 RRR
Grandchildren’s Partnership is a reporting person filing this
statement. It is a Georgia general partnership, and its principal
business address is c/o RFA Management Company, LLC, 1908 Cliff
Valley Way NE, Atlanta, Georgia 30329. It is a family investment
entity.
(d)
None.
(e)
None.
11.
The Gary W. Rollins
Revocable Trust is a reporting person filing this statement. It is
a revocable trust established by and for the benefit of Gary W.
Rollins. Gary W. Rollins is the sole trustee of The Gary W. Rollins
Revocable Trust. The principal business address of The Gary W.
Rollins Revocable Trust is c/o RFA Management Company, LLC, 1908
Cliff Valley Way NE, Atlanta, Georgia 30329.
(d)
None.
(e)
None.
12.
WNEG Investments,
L.P. is a reporting person filing this statement. It is a Georgia
limited partnership, and its principal business address is c/o RFA
Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta, Georgia
30329. It is a family investment entity.
(d)
None.
(e)
None.
13.
WNEG Management
Company, LLC is the general partner of WNEG Investments, L.P.,
which is a reporting person filing this statement. It is a Georgia
limited liability company, and its principal business address is
c/o RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta,
Georgia 30329. It is a family investment entity, and Gary W.
Rollins is its sole manager and member.
(d)
None.
(e)
None.
| CUSIP
No. 568427 10 8 | Page 17
of 23 |
14.
(a)
Thomas Hamilton
Claiborne is a director of LOR, Inc., which is a reporting person
filing this statement.
(b)
His address is 15
Ellensview Ct., Richmond, VA 23226.
(c)
His principal
occupation is Managing Director, Mary Oppenheimer Daughters
Holdings Limited, the business address of which is Mary Oppenheimer
Daughters Holdings Limited, 2nd Floor Cycle
360 House, Isle of Man Business Park, Douglas, Isle of Man IM2
2QZ.
(d)
None.
(e)
None.
(f)
United
States.
15.
(a)
Amy R. Kreisler is
a director of LOR, Inc., which is a reporting person filing this
statement.
(b)
Her business
address is 1908 Cliff Valley Way NE, Atlanta, GA
30329.
(c)
Her principal
occupation is Executive Director, The O. Wayne Rollins Foundation
(private charitable trust), the business address of which is 1908
Cliff Valley Way NE, Atlanta, GA 30329.
(d)
None.
(e)
None.
(f)
United
States.
16.
(a)
Paul Morton is a
director of LOR, Inc., which is a reporting person filing this
statement.
(b)
His business
address is 3620 Happy Valley Road, Suite 202, Lafayette, CA
94549.
(c)
His principal
occupation is Managing Director, Morton Management LLC, the
business address of which is 3620 Happy Valley Road, Suite 202,
Lafayette, CA 94549.
(d)
None.
(e)
None.
(f)
United
States.
17.
(a)
Pamela R. Rollins
is a director of LOR, Inc., which is a reporting person filing this
statement.
(b)
Her business
address is 1908 Cliff Valley Way NE, Atlanta, GA
30329.
| CUSIP
No. 568427 10 8 | Page 18
of 23 |
(c)
Her principal
occupation is as Board member for Young Harris College, and Board
member of National Monuments Foundation and the O. Wayne Rollins
Foundation, the business address of which is 1908 Cliff Valley Way
NE, Atlanta, GA 30329.
(d)
None.
(e)
None.
(f)
United
States.
18.
(a)
Timothy C. Rollins
is a director of LOR, Inc., which is a reporting person filing this
statement.
(b)
1908 Cliff Valley
Way NE, Atlanta, GA 30329.
(c)
His principal
occupation is Vice President of Rollins Investment Company
(management services), the business address of which is 1908 Cliff
Valley Way NE, Atlanta, GA 30329.
(d)
None.
(e)
None.
(f)
United
States.
19.
Nine family trusts
(the “1976 RRR Trusts”) are the general partners of
1997 RRR Grandchildren’s Partnership, which is a reporting
person filing this statement. The 1976 RRR Trusts are irrevocable
trusts established by R. Randall Rollins for the benefit of his
grandchildren and more remote descendants. Gary W. Rollins is a
trustee of the 1976 RRR Trusts and exercises de facto control over
them. The principal business address of the 1976 RRR Trusts is c/o
RFA Management Company, LLC, 1908 Cliff Valley Way NE, Atlanta,
Georgia 30329.
(d)
None.
(e)
None.
20.
(a)
Donald P. Carson is
a director and the Secretary and Treasurer of LOR, Inc., which is a
reporting person filing this statement. He is also a director and
the Secretary and Treasurer of Rollins Holding Company, Inc., which
is a reporting person filing this statement.
(b)
His business
address is 1908 Cliff Valley Way NE, Atlanta, GA
30329.
(c)
His principal
occupation is President, RFA Management Company, LLC, the business
address of which is 1908 Cliff Valley Way NE, Atlanta, GA
30329.
(d)
None.
(e)
None.
(f)
United
States.
| CUSIP
No. 568427 10 8 | Page
19 of
23 |
Item
3.
Source and Amount of Funds or Other Consideration
See the
Schedule 13D, as amended, for historical information.
Item
4.
Purpose of Transaction
See the
Schedule 13D, as amended.
Subject
to applicable securities laws and regulations, market conditions
and other factors, the reporting persons may sell a portion of the
shares of Company common stock beneficially owned by the reporting
persons from time to time in open market transactions pursuant to
Rule 144 under the Securities Act of 1933, as amended, pursuant to
registered secondary offerings, in privately negotiated
transactions or otherwise, including pursuant to Rule 10b5-1 sales
plans, for liquidity, asset diversification, tax and estate
planning and charitable giving purposes. The reporting persons may
modify their current plans depending on the reporting
persons’ evaluation of various factors, including the
Company’s business prospects and financial position, other
developments concerning the Company, the price level of the Company
common stock, conditions in the securities markets and general
economic and industry conditions and other factors deemed relevant
by the reporting persons. Furthermore, the reporting persons
continue to reserve the right to formulate plans or make proposals,
and take such action with respect thereto, including any or all of
the items set forth in subsections (a) through (j) of Item 4 of
Schedule 13D and any other actions, as they may
determine.
Item
5.
Interest in Securities of the Issuer
(a)-(b)
See the cover pages
to this Amendment.
Mr.
Thomas Claiborne does not beneficially own any shares of Company
Common Stock.
Ms. Amy
R. Kreisler beneficially owns 259,043 shares of Company Common
Stock (0.8%). She has sole voting and dispositive power with
respect to 162,545 shares, and shared voting and dispositive power
with respect to 96,498 shares. These shares include 96,498 shares
of Company Common Stock held in a charitable trust of which she is
a co-trustee. Excludes 18,934 shares of Company Common Stock held
indirectly through two family limited partnerships of which Ms.
Kreisler is a general partner. Also excludes 1,101,971 shares held
by the Estate of R. Randall Rollins, as to which Ms. Kreisler is a
co-executor. Also excludes 79 shares
held by the R. Randall Rollins Voting Trust U/A dated August 25,
1994 as to which Ms. Kreisler is a
co-trustee.
Mr.
Paul Morton beneficially owns 900 shares of Company Common Stock
(0.0%) as to which shares he has sole voting and dispositive
power.
Ms.
Pamela R. Rollins beneficially owns 212,851 shares of Company
Common Stock (0.6%). She has sole voting and dispositive power with
respect to 116,353 shares, and shared voting and dispositive power
with respect to 96,498 shares. These shares include 96,498 shares
of Company Common Stock held in a charitable trust of which she is
a co-trustee. Excludes 18,934 shares of Company Common Stock held
indirectly through two family limited partnerships of which Ms.
Rollins is a general partner. Also excludes 1,101,971 shares held
by the Estate of R. Randall Rollins, as to which Ms. Rollins is a
co-executor. Also excludes 79 shares
held by the R. Randall Rollins Voting Trust U/A dated August 25,
1994 as to which Ms. Rollins is a
co-trustee.
Mr.
Timothy C. Rollins beneficially owns 171,868 shares of Company
Common Stock (0.5%). He has sole voting and dispositive power with
respect to 75,086 shares, and shared voting and dispositive power
with respect to 96,782 shares. These shares include 96,498 shares
of Company Common Stock held in a charitable trust of which he is a
co-trustee. Also includes 284 shares of Company Common Stock held
by his wife, as to which Mr. Rollins disclaims any beneficial
interest. Excludes 18,934 shares of Company Common Stock held
indirectly through two family limited partnerships of which Mr.
Rollins is a general partner. Also excludes 1,101,971 shares held
by the Estate of R. Randall Rollins, as to which Mr. Rollins is a
co-executor. Also excludes 79 shares
held by the R. Randall Rollins Voting Trust U/A dated August 25,
1994 as to which Mr. Rollins is a co-trustee.
| CUSIP
No. 568427 10 8 | Page
20 of
23 |
The
1976 RRR Trusts beneficially own 38,304 shares of Company Common
Stock (0.0%). They have sole voting and dispositive power with
respect to zero shares, and shared voting and dispositive power
with respect to 38,304 shares. These shares include 38,304 shares
of Company Common Stock held by 1997 RRR Grandchildren’s
Partnership.
WNEG
Management Company, LLC beneficially owns 327,258 shares of Company
Common Stock (1.0%). It has sole voting and dispositive power with
respect to zero shares, and shared voting and dispositive power
with respect to 327,258 shares. These shares include 327,258 shares
of Company Common Stock held by WNEG Investments, L.P.
Mr.
Donald P. Carson beneficially owns 3,116 shares of Company Common
Stock (0.0%). He has sole voting and dispositive power with respect
to zero shares, and shared voting and dispositive power with
respect to 3,116 shares. These shares include 3,116 shares of
Company Common Stock held in a charitable trust of which he is a
co-trustee.
(c)
Except as previously noted in the Schedule 13D, as
amended, and below, no transactions in Company common stock were
effected by, or with respect to, the reporting persons and the
other persons listed in Item 2 within 60 days of the date hereof or
February 9, 2021. On December 7, 2020, Mr. Gary Rollins
gifted 248,249 shares of Company common stock to a charitable trust
of which he is a co-trustee and as to which he shares voting and
investment power (that trust, the “Charitable Trust”).
On December 8, 2020, Mr. Gary Rollins gifted 1,918 shares of
Company common stock to his spouse and 150 shares to extended
family members. On December 28, 2020, the Charitable Trust
distributed 257,931 shares to a
tax-exempt organization for no consideration. In connection with
its dissolution and winding up, on February 3, 2021, RFPS
Investments III, L.P. distributed its remaining 15 shares of
Company common stock proportionately to its equity holders for no
consideration. In connection with this distribution, LOR,
Inc. received 13 shares and RCTLOR, LLC received one share. On or
about February 9, 2021, it was concluded that the Estate of R.
Randall Rollins was unlikely to distribute its shares of Company
common stock within sixty days, and as a result, Mr. Gary Rollins
does not currently beneficially own the 1,101,971 shares of Company
common stock owned by that Estate; however, it is expected that
these shares will eventually be
transferred by the Estate to the R. Randall Rollins 2012 Trust. It
is expected that the R. Randall Rollins 2012 Trust will eventually
distribute all of its Company shares to one or more trust
beneficiaries. In addition, on May 13, 2021, the Gary W.
Rollins Voting Trust U/A dated September 14, 1994 gifted 79 shares
of Company common stock to the Gary W. Rollins Revocable Trust for
no consideration. On March 2, 2021, the 1997 RRR
Grandchildren’s Partnership made an in-kind distribution of
645 shares of Company common stock to one of the 1976 RRR Trusts in
partial liquidation of its interest in the Partnership. That Trust
immediately distributed the shares to its beneficiary. On May 7,
2021, the 1997 RRR Grandchildren’s Partnership made an
additional in-kind distribution of 637 shares of Company common
stock to one of the 1976 RRR Trusts in partial liquidation of its
interest in the Partnership. That Trust immediately distributed the
shares to its beneficiary.
(d)
None.
(e)
On February 3,
2021, RFPS Investments III, L.P., in connection with its
dissolution and winding up, distributed its remaining 15 shares of Company common stock
proportionately to its equity holders for no consideration.
As a result, it ceased to own any shares of Company common stock,
ceased to be a part of the group filing this Amendment, and is no
longer the beneficial owner of in excess of 5% of the
Company’s common stock. On May
13, 2021, the Gary W. Rollins Voting Trust U/A dated
September 14, 1994 gifted 79 shares of Company common stock to the
Gary W. Rollins Revocable Trust for no consideration. As a result,
it ceased to own any shares of Company common stock, ceased to be a
part of the group filing this Amendment, and is no longer the
beneficial owner of in excess of 5% of the Company’s common
stock.
| CUSIP
No. 568427 10 8 | Page
21 of
23 |
Item 6.
Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
See the
Schedule 13D, as amended, for historical information. Except as
disclosed in the Schedule 13D, as amended, there are no such
contracts, arrangements, understandings, or relationships with
respect to any securities of the Company, including but not limited
to transfer or voting of any of such securities, finder’s
fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss or the giving or
withholding of proxies.
Item
7.
Material to be Filed as Exhibits
(A)
Agreement of filing
persons relating to filing of joint statement per Rule
13d-1(k).
See the
Schedule 13D, as amended, for historical information.
| CUSIP
No. 568427 10 8 | Page
22 of
23 |
Signature.
After
reasonable inquiry each of the undersigned certifies that to the
best of his knowledge and belief the information set forth in this
statement is true, complete and correct.
/s/ Gary W.
Rollins
Date: June 8,
2021
GARY W. ROLLINS, individually, and
As President of LOR, Inc., in its capacity as Manager
of
RFT INVESTMENT COMPANY, LLC, and
As President of LOR, Inc., in its capacity as Manager
of
RFA MANAGEMENT COMPANY, LLC, and
As President of LOR, Inc., in its capacity as Class A Member
of
LOR Investment Company, LLC, in its capacity as General Partner
of
RFPS INVESTMENTS III, L.P., and
As President of LOR, Inc., in its capacity as Class A Member
of
LOR INVESTMENT COMPANY, LLC, and
As President of
ROLLINS HOLDING COMPANY, INC., and
As Trustee of
GARY W. ROLLINS VOTING TRUST U/A
DATED SEPTEMBER 14, 1994, and
As President of LOR, Inc., in its capacity as Manager
of
RCTLOR, LLC, and
As President of
LOR, INC., and
As Co-Trustee of the 1976 RRR Trusts,
each in its capacity as a General Partner of
1997 RRR GRANDCHILDREN’S PARTNERSHIP, and
As Trustee of
GARY W. ROLLINS REVOCABLE TRUST, and
As Sole Manager and Member of
WNEG Management Company, LLC, in its
Capacity as General Partner of
WNEG INVESTMENTS, L.P.
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EXHIBIT A
The
undersigned each hereby certifies and agrees that the above
Amendment to Schedule 13D concerning securities issued by Marine
Products Corporation is being filed on behalf of each of the
undersigned.
/s/
Gary W. Rollins
Date: June 8,
2021
GARY W. ROLLINS, individually, and
As President of LOR, Inc., in its capacity as Manager
of
RFT INVESTMENT COMPANY, LLC, and
As President of LOR, Inc., in its capacity as Manager
of
RFA MANAGEMENT COMPANY, LLC, and
As President of LOR, Inc., in its capacity as Class A Member
of
LOR Investment Company, LLC, in its capacity as General Partner
of
RFPS INVESTMENTS III, L.P., and
As President of LOR, Inc., in its capacity as Class A Member
of
LOR INVESTMENT COMPANY, LLC, and
As President of
ROLLINS HOLDING COMPANY, INC., and
As Trustee of
GARY W. ROLLINS VOTING TRUST U/A
DATED SEPTEMBER 14, 1994, and
As President of LOR, Inc., in its capacity as Manager
of
RCTLOR, LLC, and
As President of
LOR, INC., and
As Co-Trustee of the 1976 RRR Trusts,
each in its capacity as a General Partner of
1997 RRR GRANDCHILDREN’S PARTNERSHIP, and
As Trustee of
GARY W. ROLLINS REVOCABLE TRUST, and
As Sole Manager and Member of
WNEG Management Company, LLC, in its
Capacity as General Partner of
WNEG INVESTMENTS, L.P.