UNITED STATES
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): January 23, 2007

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


          Delaware                       1-16263                  58-2572419
(State or Other Jurisdiction           (Commission              (IRS Employer
      of Incorporation)                File Number)          Identification No.)

                 2170 Piedmont Road, NE, Atlanta, Georgia 30324
               (Address of principal executive office) (zip code)

       Registrant's telephone number, including area code: (404) 321-7910

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

Executive Officer Compensation

On January 23, 2007, the Compensation Committee of the Board of Directors
approved discretionary annual bonuses for 2006 for certain of its executive
officers as follows:

       Name                           Title                           Cash Bonus
Richard A. Hubbell     President and Chief Executive Officer           $140,000
R. Randall Rollins     Chairman                                        $176,000
                       Vice President, Chief Financial Officer
Ben M. Palmer          and Treasurer                                   $ 88,000
Linda H. Graham        Vice President and Secretary                    $ 32,000



Pursuant to the requirements of the Securities Exchange Act of 1934, Marine
Products Corporation has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                                    Marine Products Corporation.

Date: January 26, 2007                              /s/ Ben M. Palmer
                                                    Ben M. Palmer
                                                    Vice President,
                                                    Chief Financial Officer and