MarineMax Issues Statement
12 Julio 2024 - 7:16PM
Business Wire
MarineMax, Inc. (NYSE: HZO), the world’s largest recreational
boat, yacht and superyacht services company, today issued the
following statement in response to recent letters issued by Island
Capital Group LLC:
The MarineMax Board of Directors is
open-minded and regularly evaluates bone fide opportunities to
enhance shareholder value. The Board is always open and responsive
to input from key stakeholders and we have spoken with Island
Capital on several occasions. The Company will continue to make
decisions and take actions that we believe are in the best interest
of the Company and our shareholders.
About MarineMax
As the world’s largest lifestyle retailer of recreational boats
and yachts, as well as yacht concierge and superyacht services,
MarineMax (NYSE: HZO) is United by Water. We have over 130
locations worldwide, including 83 dealerships and 66 marina and
storage facilities. Our integrated business includes IGY Marinas,
which operates luxury marinas in yachting and sport fishing
destinations around the world; Fraser Yachts Group and Northrop
& Johnson, leading superyacht brokerage and luxury yacht
services companies; Cruisers Yachts, one of the world’s premier
manufacturers of premium sport yachts and motor yachts; and
Intrepid Powerboats, a premier manufacturer of powerboats. To
enhance and simplify the customer experience, we provide financing
and insurance services as well as leading digital technology
products that connect boaters to a network of preferred marinas,
dealers, and marine professionals through Boatyard and Boatzon. In
addition, we operate MarineMax Vacations in Tortola, British Virgin
Islands, which offers our charter vacation guests the luxury
boating adventures of a lifetime. Land comprises 29% of the earth’s
surface. We’re focused on the other 71%. Learn more at
www.marinemax.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking as
defined in the Private Securities Litigation Reform Act of 1995.
These statements are based on current expectations, forecasts,
risks, uncertainties, and assumptions that may cause actual results
to differ materially from expectations as of the date of this
release. These risks, assumptions, and uncertainties include
abilities of MarineMax, Inc. (the “Company”) to reduce inventory,
manage expenses and accomplish its goals and strategies, the
quality of the new product offerings from the Company’s
manufacturing partners, the performance and integration of the
recently-acquired businesses, general economic conditions, as well
as those within the Company's industry, the liquidity and strength
of our bank group partners, the level of consumer spending, and
numerous other factors identified in the Company’s Form 10-K for
the fiscal year ended September 30, 2023 and other filings with the
Securities and Exchange Commission. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240712507395/en/
Investors: Mike McLamb Chief Financial Officer MarineMax,
Inc. 727-531-1700 Scott Solomon Sharon Merrill Advisors
HZO@investorrelations.com 617-320-8282 Media: Mahmoud Siddig
/ Greg Klassen Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
MarineMax (NYSE:HZO)
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