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