SC 13D
1
rfpsmarine13d103.txt
SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
Marine Products Corporation
-----------------------------------
(Name of Issuer)
Common Stock, $.10 Par Value
-----------------------------------
(Title of Class of Securities)
568427 10 8
-----------------------------------
(CUSIP Number)
B. Joseph Alley, Jr.
2800 One Atlantic Center
1201 West Peachtree Street
Atlanta, Georgia 30309-3400
(404) 873-8688
-----------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
12/31/02
-----------------------------------
(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(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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).
CUSIP No. 568427 10 8
====================================================================================================================
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
R. Randall Rollins
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
349,931***
-------------------------------------------------------------------------------------------------------------------
8 Shared Voting Power
10,117,145*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
349,931***
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,117,145*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,467,076*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |X|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
61.1 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
-------------------------------------------------------------------------------------------------------------------
* Does not include 13,999** shares of the Company held by his wife. Includes
10,068,569** shares of the Company held by RFPS Investments III, L.P. of
which LOR Investment Company, LLC, a Georgia limited liability company,
wholly owned by LOR, Inc., is the general partner. Mr. Rollins is an
officer, director, and owner of 50% of the voting stock of LOR, Inc.
** Mr. Rollins disclaims any beneficial interest in these holdings.
*** Includes 47,520** shares held as Trustee.
2
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Gary W. Rollins
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
405,169
-------------------------------------------------------------------------------------------------------------------
8 Shared Voting Power
10,117,145*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
405,169
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,117,145*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,522,314*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |X|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
61.4 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
-------------------------------------------------------------------------------------------------------------------
* Does not include 60,002** shares of the Company held by his wife. Includes
10,068,569** shares of the Company held by RFPS Investments III, L.P. of
which LOR Investment Company, LLC, a Georgia limited liability company,
wholly owned by LOR, Inc., is the general partner. Mr. Rollins is an
officer, director, and owner of 50% of the voting stock of LOR, Inc
** Mr. Rollins disclaims any beneficial interest in these holdings.
3
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RFPS Investments III, L.P.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569
-------------------------------------------------------------------------------------------------------------------
8 Shared Voting Power
0
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
10,068,569
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent
--------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
-------------------------------------------------------------------------------------------------------------------
4
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
LOR, Inc.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
8 Shared Voting Power
0
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
CO
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
LOR Investment Company, LLC, the general partner of the Partnership, is
wholly owned by the reporting person.
5
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
LOR Investment Company, LLC.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
8 Shared Voting Power
0
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
CO
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is the general partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
The reporting person is wholly owned by LOR, Inc.
6
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Rollins Holding Company, Inc.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
CO
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the Partnership.
The reporting person disclaims beneficial ownership of these shares except to
the extent of the reporting person's pecuniary interest.
7
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RWR Management Company, LLC
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
OO
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
8
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Rollins Investment Fund
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
--------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
9
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Grace C. Rollins
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
10
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RRR Grandchildren's Partnership II, L.P.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
11
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RRR Grandchildren's Partnership IV, L.P.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
12
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
The Gary W. Rollins Trust
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
OO
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
13
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
RCTLOR, LLC
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
OO
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
14
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
1997 RRR Grandchildren's Partnership, L.P.
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
15
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Pamela Renee Rollins
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
16
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Timothy Curtis Rollins
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
17
CUSIP No. 568427 10 8
-------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person
Amy Rollins Kreisler
-------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a)|X|
(b)|_|
-------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
-------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
-------------------------------------------------------------------------------------------------------------------
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
10,068,569*
-------------------------------------------------------------------------------------------------------------------
9 Sole Dispositive Power
0
-------------------------------------------------------------------------------------------------------------------
10 Shared Dispositive Power
10,068,569*
-------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
10,068,569*
-------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares |_|
-------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
58.8 percent*
-------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
-------------------------------------------------------------------------------------------------------------------
* Includes 10,068,569 shares owned by RFPS Investments III, L.P. (the
"Partnership"). The reporting person is a limited partner of the
Partnership. The reporting person disclaims beneficial ownership of these
shares except to the extent of the reporting person's pecuniary interest.
18
CUSIP No. 568427 10 8
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the Common Stock, $.10 par value, of Marine
Products Corporation, a Delaware corporation (the "Company"). The principal
executive office of the Company is located at:
2170 Piedmont Road, N.E.
Atlanta, Georgia 30324
Item 2. IDENTITY AND BACKGROUND
1. (a) R. Randall Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) Chairman of the Board and Chief Executive Officer of RPC, Inc.,
engaged in the business of oil and gas field services and boat manufacturing,
the business address of which is 2170 Piedmont Road, N.E., Atlanta, Georgia
30324. Chairman of the Board and Chief Executive Officer of Rollins, Inc.,
engaged in the provision of pest-control, home security, lawn care and other
consumer services, the business address of which is 2170 Piedmont Road, N.E.,
Atlanta, Georgia 30324.
(d) None.
(e) None.
(f) United States.
2. (a) Gary W. Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) President and Chief Operating Officer of Rollins, Inc., engaged in
the provision of pest-control, home security, lawn care and other consumer
services, the business address of which is 2170 Piedmont Road, N.E., Atlanta,
Georgia 30324.
(d) None.
(e) None.
(f) United States.
19
CUSIP No. 568427 10 8
3. (a) LOR, Inc. is a reporting person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia corporation owned and controlled by R. Randall Rollins,
Gary W. Rollins, Rollins Family members and Trusts benefiting Rollins Family
members.
(d) None.
(e) None.
(f) United States.
4. (a) LOR Investment Company, LLC is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324
(c) A Georgia limited liability company, wholly owned by LOR, Inc.
(d) None.
(e) None.
(f) United States.
5. (a) Rollins Holding Company, Inc. is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia corporation owned and controlled by R. Randall Rollins,
Garry W. Rollins, Rollins Family members and Trusts benefiting Rollins Family
members.
(d) None.
(e) None.
(f) United States.
6. (a) Rollins Investment Fund is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia corporation owned and controlled by R. Randall Rollins,
Garry W. Rollins, Rollins Family members and Trusts benefiting Rollins Family
members.
(d) None.
(e) None.
(f) United States.
20
CUSIP No. 568427 10 8
7. (a) Grace C. Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) Retired.
(d) None.
(e) None.
(f) United States.
8. (a) RWR Management Company, LLC is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited liability company, wholly owned by 1986 Robert
W. Rollins Qualified Subchapter S Trust (beneficiary is a son of R. Randall
Rollins and R. Randall Rollins is Trustee.
(d) None.
(e) None.
(f) United States.
9. (a) RRR Grandchildren's Partnership II, L.P. is a reporting person
filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited partnership owned and controlled by Gary W.
Rollins, general partner, as Trustee and beneficiary of 1997 Grandchildren's
Custodial Trust and also owned by grandchildren of R. Randall Rollins as limited
partners.
(d) None.
(e) None.
(f) United States.
10. (a) RFPS Investments III, L.P. is a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited partnership.
(d) None.
(e) None.
(f) United States.
21
CUSIP No. 568427 10 8
11. (a) RRR Grandchildren's Partnership IV, L.P. a reporting person
filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited partnership owned and controlled by Gary W.
Rollins, general partner through RRR Grandchildren's Custodial Partnership, II,
and also owned by grandchildren of R. Randall Rollins as limited partners.
(d) None.
(e) None.
(f) United States.
12. (a) The Gary W. Rollins Trust a reporting person filing this
statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Trust for which R. Randall Rollins is a Co-Trustee in which Gary
W. Rollins and his grandchildren are beneficiaries.
(d) None.
(e) None.
(f) United States.
13. (a) RCTLOR, LLC a reporting person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia limited liability company for which LOR, Inc. acts as
Manager.
(d) None.
(e) None.
(f) United States.
14. (a) 1997 RRR Grandchildren's Partnership, L.P. a reporting person
filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) A Georgia general partnership owned by Trustees for which Gary W.
Rollins is a Co-Trustee and which grandchildren of R. Randall Rollins are
beneficiaries.
(d) None.
(e) None.
(f) United States.
22
CUSIP No. 568427 10 8
15. (a) Pamela Renee Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) Employer is Rollins, Inc./Customer Relations Manager
(d) None.
(e) None.
(f) United States.
16. (a) Timothy Curtis Rollins is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) Employer is R. Randall Rollins/Project Manager.
(d) None.
(e) None.
(f) United States.
17. (a) Amy Rollins Kreisler is a person filing this statement.
(b) c/o LOR, Inc., 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.
(c) Employer is The O. Wayne Rollins Foundation/Executive Director.
(d) None.
(e) None.
(f) United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On December 31, 2002, each of the reporting persons contributed the
shares shown on Schedule II-A to the RFPS Investments III, L.P. (the
"Partnership"). No consideration was given for the shares.
Item 4. PURPOSE OF TRANSACTION
See 13D and Amendment 1 and Item 3 above. The transactions were effected
for administration and collective management purposes. The reporting persons
currently intend to hold the shares for investment.
(a) - (j) None.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
23
CUSIP No. 568427 10 8
(a)-(b) See 13D and Amendment 1
(c) Transactions subsequent to October 31, 2002, are listed on Exhibit
II-B attached hereto and incorporated herein by this reference. All transactions
were effected in Atlanta, Georgia, and involved gifts or transfers for which no
consideration was given and, thus, no price is listed on Exhibit II-B.
(d) None.
(e) Not Applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
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.
24
CUSIP No. 568427 10 8
Item 7. MATERIAL TO BE FILED AS EXHIBITS
(a) Agreement of filing persons relating to filing of joint statement
per Rule 13d-1(f).
(b) Confirming Statements
(c) Summary of Transactions
25
CUSIP No. 568427 10 8
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.
R. RANDALL ROLLINS
GARY W. ROLLINS
LOR INVESTMENT COMPANY, LLC
LOR, INC.
ROLLINS HOLDING COMPANY, INC.
ROLLINS INVESTMENT FUND
RFPS INVESTMENTS III, L.P.
1997 RRR GRANDCHILDREN'S PARTNERSHIP L. P.,
GRACE C. ROLLINS
RWR MANAGEMENT COMPANY, LLC
RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP II, L.P.
RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP IV, L.P.
THE GARY W. ROLLINS TRUST
RCTLOR, LLC,
PAMELA RENEE ROLLINS
TIMOTHY CURTIS ROLLINS
AMY ROLLINS KREISLER
By: Glenn P. Grove, Jr. as attorney-in fact authorized by
Confirming Statements presented at Exhibit B
/s/ Glenn P. Grove, Jr.
------------------------------------
Glenn P. Grove, Jr.
26
CUSIP No. 568427 10 8
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.
R. RANDALL ROLLINS
GARY W. ROLLINS
LOR INVESTMENT COMPANY, LLC
LOR, INC.
ROLLINS HOLDING COMPANY, INC.
ROLLINS INVESTMENT FUND
RFPS INVESTMENTS III, L.P.
1997 RRR GRANDCHILDREN'S PARTNERSHIP L. P.
GRACE C. ROLLINS
RWR MANAGEMENT COMPANY, LLC
RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP II, L.P.
RRR GRANDCHILDREN'S CUSTODIAL
PARTNERSHIP IV, L.P.
THE GARY W. ROLLINS TRUST
RCTLOR, LLC,
PAMELA RENEE ROLLINS
TIMOTHY CURTIS ROLLINS
AMY ROLLINS KREISLER
By: Glenn P. Grove, Jr. as attorney-in fact authorized by
Confirming Statements presented at Exhibit B
/s/ Glenn P. Grove, Jr.
------------------------------------
Glenn P. Grove, Jr.
27
EXHIBIT B
CONFIRMING STATEMENT
This Statement confirms that the undersigned, R. Randall Rollins, has authorized
and designated Glenn P. Grove, Jr. to execute and file on the undersigned's
behalf all Forms 3, 4, and 5 (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, and 5 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/ R. Randall Rollins
------------------------------------
R. Randall Rollins
28
CONFIRMING STATEMENT
This Statement confirms that the undersigned, Gary W. Rollins, has authorized
and designated Glenn P. Grove, Jr. to execute and file on the undersigned's
behalf all Forms 3, 4, and 5 (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, and 5 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/ Gary W. Rollins
----------------------------------
Gary W. Rollins
29
1564353v1
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
30
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
31
CONFIRMING STATEMENT
This Statement confirms that the undersigned, LOR, 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.
LOR, INC.
By: /s/ R. Randall Rollins
-----------------------------
R. Randall Rollins, President
32
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
33
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
34
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
35
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
36
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
37
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
38
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
39
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
40
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
41
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
42
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
43
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
44
EXHIBIT C
SUMMARY OF TRANSACTIONS
A. Randall Rollins ("RRR"):
Date Shares A/D1 Description
1. 12/27/02 440 A Shares received by RRR on dissolution of RWR
Investment Partnership, L.P (RWRP), resulting in an
increase in shares owned by RRR directly and a
decrease in his indirect ownership of shares as
general partner of RWRP.
2. 12/27/02 43,618 A Dissolution of 1996 RWR Investment Partnership,
L.P. (RWRP), resulting in a distribution to the
1986 Robert W. Rollins Qualified Subchapter S Trust
(STRST). STRST in turn transferred these shares,
and others it directly owned to RWR Management
Company, LLC (RWRLLC), which is wholly owned by
STRST and of which RRR is the Manager. This
resulted in an increase in RRR's indirect ownership
of shares in his role as Trustee of Trusts, and
resulting decrease in RRR's indirect ownership of
shares in his role as general partner of RWRP.
3. 12/27/02 44,058 D Dissolution of 1996 RWR Investment Partnership,
L.P. (RWRP), resulting in a distribution of 440
shares to RRR and 43,618 shares to the 1986 Robert
W. Rollins Qualified Subchapter S Trust (STRST).
STRST in turn transferred these shares it received
from RWRP, and others it directly owned to RWR
Management Company, LLC (RWRLLC), which is wholly
owned by STRST and of which RRR is the Manager.
This resulted in an increase in RRR's direct
ownership of shares and indirect ownership of
shares in his role as Trustee of STRST, and
resulting decrease in RRR's indirect ownership of
shares in his role as general partner of RWRP.
4. 12/31/02 206,193 D Transfer of shares by Rollins Investment Fund
(RIF), a Georgia general partnership, to RFPS
Investments III, L.P., a Georgia limited
partnership. As a result, RIF shares which RRR
reports as Trustee of Trusts that are partners of
RIF decreases.
5. 12/31/02 47,329 D Transfer of shares by RIF to RFPS Investments
III, L.P., a Georgia limited partnership. As a
result, RIF shares which RRR reports as general
partner of RIF decreases.
6. 12/31/02 46,224 D Transfer of shares by RRR as Trustee to RFPS
Investments III, L.P., a Georgia limited partnership.
7. 12/31/02 48,960 D Transfer of shares by RRR as co-Trustee to RFPS
Investments III, L.P., a Georgia limited
partnership.
8. 12/31/02 733,800 D Transfer of shares by RCTLOR, LLC, to RFPS
Investments III, L.P., a Georgia limited
partnership.
9. 12/31/02 7,496,296 D Transfer of shares by LOR, Inc. to RFPS Investments
III, L.P., a Georgia limited partnership.
10. 12/31/02 207,360 D Transfer of shares by Rollins Holding Company, Inc.
to RFPS Investments III, L.P., a Georgia limited
partnership.
11. 12/31/02 10,068,569 A Receipt of shares from entities identified in Rider
II from RFPS Investments III, L.P., a Georgia
limited partnership.
1 A = Acquired; D = Disposed of
45
SUMMARY OF TRANSACTIONS
B. Gary W. Rollins ("GWR"):
Date # Shares A/D2 Description
1. 12/31/02 223,053 D Transfer of shares by RIF to RFPS
Investments III, L.P., a Georgia limited
partnership. As a result, RIF shares which GWR
reports as Trustee of Trusts that are partners of
RIF decreases.
2. 12/31/02 187,932 D Transfer of shares by RIF to RFPS Investments
III, L.P., a Georgia limited partnership. As a
result, RIF shares which GWR reports as general
partner of RIF decreases.
3. 12/31/02 19,691 D Transfer of shares by GWR as Trustee for Randall
Rollins' grandchildren to RFPS Investments III,
L.P., a Georgia limited partnership.
4. 12/31/02 32,832 D Transfer of shares by GWR as co-Trustee to RFPS
Investments III, L.P., a Georgia limited
partnership.
5. 12/31/02 733,800 D Transfer of shares by RCTLOR, LLC, to RFPS
Investments III, L.P., a Georgia limited
partnership.
6. 12/31/02 7,496,296 D Transfer of shares by LOR, Inc. to RFPS
Investments III, L.P., a Georgia limited
partnership.
7. 12/31/02 207,360 D Transfer of shares by Rollins Holding Company,
Inc. to RFPS Investments III, L.P., a Georgia
limited partnership.
8. 12/31/02 10,068,569 A Receipt of shares from entities identified in
Rider II from RFPS Investments III, L.P., a
Georgia limited partnership.
2 A = Acquired; D = Disposed of
46
RIDER II
PERCENTAGE NO. OF SHARES
OWNERSHIP MARINE PRODUCTS
IN L.P.* CORPORATION
REPORTING PERSON CONTRIBUTED TO
PARTNERSHIP
----------------------------------------------------------------------------------
GROUP A:
LOR, Inc. 74.4% 7,496,296
LOR Investment Company, LLC 0.1 **
Rollins Holding Company, Inc. 2.1 207,360
GROUP B:
RWR Management Company, LLC 0.5 46,224
Rollins Investment Fund 8.4 843,240
Grace C. Rollins 4.9 493,155
RRR Grandchildren's Custodial Partnership II, L.P. 0.1 8,394
RRR Grandchildren's Custodial Partnership IV, L.P. 0.1 11,297
The Gary W. Rollins Trust 0.5 48,960
RCTLOR, LLC 7.3 733,800
1997 RRR Grandchildren's Partnership 0.3 32,832
Pamela Renee Rollins 0.5 52,714
Timothy Curtis Rollins 0.5 48,120
Amy Rollins Kreisler 0.5 46,177
* Amounts do not total 100% due to rounding.
** Reporting Person contributed $100,000 as its contribution to the Partnership.
The contribution of shares above represent contributions by the listed persons
and entities to RFPS Investments III, L.P. (RFPS III) made on December 31, 2002.
Each person and entity has a resulting proportional beneficial ownership in RFPS
III noted above.
49
1574558