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<SEC-DOCUMENT>0000891092-06-000217.txt : 20060130
<SEC-HEADER>0000891092-06-000217.hdr.sgml : 20060130
<ACCEPTANCE-DATETIME>20060130164809
ACCESSION NUMBER:		0000891092-06-000217
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060124
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20060130
DATE AS OF CHANGE:		20060130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARINE PRODUCTS CORP
		CENTRAL INDEX KEY:			0001129155
		STANDARD INDUSTRIAL CLASSIFICATION:	SHIP & BOAT BUILDING & REPAIRING [3730]
		IRS NUMBER:				582572419
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16263
		FILM NUMBER:		06562514

	BUSINESS ADDRESS:	
		STREET 1:		2170 PIEDMONT ROAD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30324
		BUSINESS PHONE:		4043212140

	MAIL ADDRESS:	
		STREET 1:		2170 PIEDMONT ROAD NE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30324
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e23299_8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

================================================================================

                                  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 24, 2006

                           MARINE PRODUCTS CORPORATION
             (Exact name of registrant as specified in its charter)

                                   ----------

          Delaware                   1-16263                     58-2572419
(State or Other Jurisdiction       (Commission                  (IRS Employer
      of Incorporation)            File Number)              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))

================================================================================


<PAGE>

Item 1.01 Entry Into A Material Definitive Agreement.

Executive Officer Compensation

On January 24, 2006, the Compensation Committee of the Board of Directors
approved for its Named Executive Officers identified in the registrant's 2005
proxy statement, with the exception of Mr. James A. Lane, Jr., the following
base salary for 2006 and discretionary annual bonuses for 2005.

<TABLE>
<CAPTION>
                                                                         2006             2005
         Name                         Title                           Base Salary      Cash Bonus
- --------------------------------------------------------------------------------------------------
<S>                      <C>                                            <C>             <C>
Richard A. Hubbell      President and Chief Executive Officer           $350,000        $175,000
R. Randall Rollins      Chairman                                        $300,000        $220,000
Ben M. Palmer           Vice President, Chief Financial Officer
                        and Treasurer                                   $175,000        $110,000
Linda H. Graham         Vice President and Secretary                    $115,000        $40,000
</TABLE>

The executive officers named herein are also executive officers of RPC, Inc.
("RES") and receive salary and bonuses from RES.

Material Relationships

None of the Company's Named Executive Officers has any material relationship
with the Company or any of its affiliates apart from their respective
relationships as directors and/ or employees of the Company and its affiliates,
ownership of Company and affiliate securities, and as otherwise previously
disclosed in the Company's last filed annual proxy statement.


                                      -2-
<PAGE>

                                   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 30, 2006                              /s/ BEN M. PALMER
                                                    ----------------------------
                                                    Ben M. Palmer
                                                    Vice President,
                                                    Chief Financial Officer and
                                                    Treasurer


                                      -3-
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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