UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
RFPS INVESTMENTS III, L.P.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
USA
2. Date of Event Requiring Statement (Month/Day/Year)
12-31-2002
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
MARINE PRODUCTS CORPORATION
MPX
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
10% Owner
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
Common Stock |10,068,569 (1) |D | |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
| | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
Explanation of Responses:
(1) These shares are held by RFPS Investments III, L.P. ("RFPS"). The other
reporting persons on this Form 3 are general or limited partners of RFPS,
all of whom are filing this Form 3 together with RFPS as a group for
purposes of Section 13(d) of the Exchange Act. Each of the partners
disclaims beneficial ownership of the shares exceeding his pecuniary
interest, and this report shall not be deemed an admission that each of the
partners is the beneficial owner of the securities for purposes of Section
16 or for any other purpose.
SIGNATURE OF REPORTING PERSON
/s/ RFPS Investments III, L.P., by Glenn P. Grove, Jr.
RFPS Investments III, L.P., by Glenn P. Grove, Jr.
DATE
January 9, 2003
Joint Filer Information
Name: LOR Investment Company, LLC
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: LOR INVESTMENT COMPANY, LLC
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: Rollins Holding Company, Inc.
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: ROLLINS HOLDING COMPANY, INC.
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: Rollins Investment Fund
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: ROLLINS INVESTMENT FUND
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: 1997 RRR Grandchildren's Partnership
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: 1997 RRR GRANDCHILDREN'S PARTNERSHIP
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: Grace C. Rollins
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: GRACE C. ROLLINS
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: RWR Management Company, LLC
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: RWR MANAGEMENT COMPANY, LLC
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: RRR Grandchildren's Custodial Partnership II, L.P.
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP II, L.P.
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: RRR Grandchildren's Custodial Partnership IV, L.P.
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP IV, L.P.
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: The Gary W. Rollins Trust
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: THE GARY W. ROLLINS TRUST
U/Agreement dated December 30, 1976
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: RCTLOR, LLC
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: RCTLOR, LLC
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: Pamela Renee Rollins
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: PAMELA RENEE ROLLINS
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: Timothy Curtis Rollins
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: TIMOTHY CURTIS ROLLINS
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
Joint Filer Information
Name: Amy Rollins Kreisler
Address: c/o LOR, Inc.
2170 Piedmont Road, N.E.
Atlanta, GA 30324
Designated Filer: RFPS Investments III, L.P.
Issuer & Ticker Symbol: Marine Products Corporation (MPX)
Date of Event Requiring Statement: 12/31/02
Signature: AMY ROLLINS KREISLER
/s/ Glenn P. Grove, Jr.
------------------------------------------
By: Glenn P. Grove, Jr., Attorney-In-Fact
1574982
CONFIRMING STATEMENT
This Statement confirms that the undersigned, LOR Investment Company, LLC, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
LOR INVESTMENT COMPANY, LLC
By: LOR, Inc., sole member
By:/s/ R. Randall Rollins
---------------------------------
R. Randall Rollins, President
CONFIRMING STATEMENT
This Statement confirms that the undersigned, RFPS Investments III, LP, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
RFPS INVESTMENTS III, LP
By: LOR Investment Company, LLC
general partner
By: LOR, Inc., sole member
By:/s/ R. Randall Rollins
----------------------------
R. Randall Rollins, President
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Rollins Holding Company, Inc., has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
ROLLINS HOLDING COMPANY, INC.
By:/s/ R. Randall Rollins
----------------------------
R. Randall Rollins, President
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Rollins Investment Fund, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
ROLLINS INVESTMENT FUND,
by its Managing General Partners
By: The R. Randall Rollins Trust
U/Agreement dated August 25, 1984,
as amended
By: /s/ R. Randall Rollins
----------------------------------
R. Randall Rollins, Trustee
CONFIRMING STATEMENT
This Statement confirms that the undersigned, 1997 RRR Grandchildren's
Partnership, has authorized and designated Glenn P. Grove, Jr. to execute and
file on the undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including
any amendments thereto) that the undersigned may be required to file with the
U.S. Securities and Exchange Commission as a result of the undersigned's
ownership of or transactions in securities of Marine Products Corporation. The
authority of Glenn P. Grove, Jr. under this Statement shall continue until the
undersigned is no longer required to file Forms 3, 4, 5 and Schedule 13D with
regard to the undersigned's ownership of or transactions in securities of Marine
Products Corporation, unless earlier revoked in writing. The undersigned
acknowledges that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
1997 RRR GRANDCHILDREN'S
PARTNERSHIP,
by its General Partner
By: The R. Randall Rollins Trust
U/Agreement dated December 30, 1976
/s/ Gary W. Rollins
-----------------------------
Gary W. Rollins, Trustee
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Grace C. Rollins, has authorized
and designated Glenn P. Grove, Jr. to execute and file on the undersigned's
behalf all Forms 3, 4, 5 and Schedule 13D (including any amendments thereto)
that the undersigned may be required to file with the U.S. Securities and
Exchange Commission as a result of the undersigned's ownership of or
transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
GRACE C. ROLLINS
By: R. Randall Rollins as attorney-in-fact
under General Power of Attorney
dated October 20, 1992
/s/ R. Randall Rollins
-----------------------------
R. Randall Rollins
CONFIRMING STATEMENT
This Statement confirms that the undersigned, RWR Management Company, LLC, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
RWR MANAGEMENT COMPANY, LLC
by its Manager
/s/ R. Randall Rollins
-----------------------------
R. Randall Rollins
CONFIRMING STATEMENT
This Statement confirms that the undersigned, RRR Grandchildren's Custodial
Partnership II, L.P., has authorized and designated Glenn P. Grove, Jr. to
execute and file on the undersigned's behalf all Forms 3, 4, 5 and Schedule 13D
(including any amendments thereto) that the undersigned may be required to file
with the U.S. Securities and Exchange Commission as a result of the
undersigned's ownership of or transactions in securities of Marine Products
Corporation. The authority of Glenn P. Grove, Jr. under this Statement shall
continue until the undersigned is no longer required to file Forms 3, 4, 5 and
Schedule 13D with regard to the undersigned's ownership of or transactions in
securities of Marine Products Corporation, unless earlier revoked in writing.
The undersigned acknowledges that Glenn P. Grove, Jr. is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.
RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP II, L.P.
by its General Partner
By: The 1997 RRR Grandchildren's
Custodial Trust U/Agreement
dated July 1, 1997
/s/ Gary W. Rollins
---------------------------------
Gary W. Rollins, Trustee
CONFIRMING STATEMENT
This Statement confirms that the undersigned, RRR Grandchildren's Custodial
Partnership IV, L.P., has authorized and designated Glenn P. Grove, Jr. to
execute and file on the undersigned's behalf all Forms 3, 4, 5 and Schedule 13D
(including any amendments thereto) that the undersigned may be required to file
with the U.S. Securities and Exchange Commission as a result of the
undersigned's ownership of or transactions in securities of Marine Products
Corporation. The authority of Glenn P. Grove, Jr. under this Statement shall
continue until the undersigned is no longer required to file Forms 3, 4, 5 and
Schedule 13D with regard to the undersigned's ownership of or transactions in
securities of Marine Products Corporation, unless earlier revoked in writing.
The undersigned acknowledges that Glenn P. Grove, Jr. is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.
RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP IV, L.P.,
by its General Partner
By: RRR Grandchildren's Custodial
Partnership II, L.P.,
by its General Partner
The 1997 RRR Grandchildren's
Custodial Trust U/Agreement dated
July 1, 1997
/s/ Gary W. Rollins
--------------------------------------
Gary W. Rollins, Trustee
CONFIRMING STATEMENT
This Statement confirms that the undersigned, The Gary W. Rollins Trust (U/A dtd
December 30, 1976), has authorized and designated Glenn P. Grove, Jr. to execute
and file on the undersigned's behalf all Forms 3, 4, 5 and Schedule 13D
(including any amendments thereto) that the undersigned may be required to file
with the U.S. Securities and Exchange Commission as a result of the
undersigned's ownership of or transactions in securities of Marine Products
Corporation. The authority of Glenn P. Grove, Jr. under this Statement shall
continue until the undersigned is no longer required to file Forms 3, 4, 5 and
Schedule 13D with regard to the undersigned's ownership of or transactions in
securities of Marine Products Corporation, unless earlier revoked in writing.
The undersigned acknowledges that Glenn P. Grove, Jr. is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.
THE GARY W. ROLLINS TRUST
U/Agreement dated December 30, 1976
/s/ R. Randall Rollins
-----------------------------
R. Randall Rollins, Trustee
CONFIRMING STATEMENT
This Statement confirms that the undersigned, RCTLOR, LLC, has authorized and
designated Glenn P. Grove, Jr. to execute and file on the undersigned's behalf
all Forms 3, 4, 5 and Schedule 13D (including any amendments thereto) that the
undersigned may be required to file with the U.S. Securities and Exchange
Commission as a result of the undersigned's ownership of or transactions in
securities of Marine Products Corporation. The authority of Glenn P. Grove, Jr.
under this Statement shall continue until the undersigned is no longer required
to file Forms 3, 4, 5 and Schedule 13D with regard to the undersigned's
ownership of or transactions in securities of Marine Products Corporation,
unless earlier revoked in writing. The undersigned acknowledges that Glenn P.
Grove, Jr. is not assuming any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.
RCTLOR, LLC by its Managing Member
By: LOR, Inc.
/s/ R. Randall Rollins
-----------------------------------
R. Randall Rollins, President
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Pamela Renee Rollins, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
/s/ Pamela Renee Rollins
-----------------------------
Pamela Renee Rollins
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Timothy Curtis Rollins, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
/s/ Timothy Curtis Rollins
-----------------------------
Timothy Curtis Rollins
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Amy Rollins Kreisler, has
authorized and designated Glenn P. Grove, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4, 5 and Schedule 13D (including any
amendments thereto) that the undersigned may be required to file with the U.S.
Securities and Exchange Commission as a result of the undersigned's ownership of
or transactions in securities of Marine Products Corporation. The authority of
Glenn P. Grove, Jr. under this Statement shall continue until the undersigned is
no longer required to file Forms 3, 4, 5 and Schedule 13D with regard to the
undersigned's ownership of or transactions in securities of Marine Products
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Glenn P. Grove, Jr. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
/s/ Amy Rollins Kreisler
-----------------------------
Amy Rollins Kreisler
1577734