Event-Driven Stocks

Spin-offSpun off from RPC

The two companies

Parent
RPC
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Other
Industry
Exchange
State of incorporation
Record date
Distribution date
Ratio
Parent sector
Form
10-12B
Filed
December 8, 2000

Financials — parent vs spin-off

SEC XBRL · latest year
RPC

No XBRL financials available.

MARINE PRODUCTS CORPFY25
Revenue
$244M
Operating income
$14M
Net income
$11M
Total assets
$147M
Equity
$125M

Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.

Spin-off signals

score 2/7 favorable · factors, not advice
  • Leverage (liabilities/assets)15%

    A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.

  • Return on capital employed11%

    EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.

  • Operating margin5.7%

    Profitability of the standalone business, from its own SEC filings.

  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)None recorded

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Activist holder13D on file

    An activist with a 5%+ stake (Schedule 13D) is a potential value-unlock catalyst.

  • Time since spin-off25.5 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.