Marinemax Inc 8-K, filed Aug 6, 2025
Marinemax Inc (HZO)
About this 8-K
Marinemax Inc filed this 8-K on August 6, 2025, reporting on events of August 4, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation from the Board
On August 4, 2025, Clint Moore and Evelyn Follit each resigned as a member of the Board of Directors (the “Board”) of MarineMax, Inc. (the “Company”), effective August 4, 2025. Each of Mr. Moore’s and Ms. Follit’s decision to resign was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Appointment to the Board
On August 4, 2025, the Board appointed Odilon Almedia Júnior to serve as a member of the Board and as a member of the Audit Committee, effective August 4, 2025. Mr. Almeida will serve as a Class I director with a term expiring in 2026 or until his successor is elected and qualified.
The Board determined that Mr. Almeida will be an independent director. Mr. Almeida will be compensated for his services in the manner consistent with that of the Company’s other independent directors, as discussed in the Company’s filings with the U.S. Securities and Exchange Commission. There are no transactions in which Mr. Almeida has an interest requiring disclosure under Item 404(a) of Regulation S-K and no arrangement or understanding between Mr. Almeida and any other persons pursuant to which he was selected as a director.
Following the resignations of Mr. Moore and Ms. Follit and the appointment of Mr. Almeida, the Board will consist of eight directors.
Item 7.01 Regulation FD Disclosure.
On August 5, 2025, the Company issued a press release announcing the changes to the Board described above in Item 5.02. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information furnished herewith pursuant to Item 7.01 of this Current Report, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.]
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibits are being filed herewith:
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99.1 |
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Press release issued by MarineMax, Inc. dated August 5, 2025. |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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MarineMax, Inc. |
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Date: |
August 6, 2025 |
By: |
/s/ Michael H. McLamb |
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Name: Michael H. McLamb |
Exhibit 99.1
MarineMax Announces the Appointment of Odilon Almeida to the
Board of Directors
Evelyn V. Follit and G. Clinton Moore to Retire
OLDSMAR, FLORIDA, August 5, 2025 – MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced that Odilon Almeida has been appointed to the Company’s board of directors. In conjunction with this appointment, Evelyn V. Follit and G. Clinton Moore will be retiring from the MarineMax Board.
“We are excited to welcome Odilon to the MarineMax Board as our newest independent director,” said Rebecca White, Ph.D., Chairperson of the Company’s Board. “He is an accomplished business leader whose insight into corporate governance and experience in scaling worldwide operations will be instrumental as we execute our long-term growth strategy. We look forward to benefitting from his extensive board experience, business acumen and track record of strategic leadership in global markets.”
Mr. Almeida, 64, an operating partner at Advent International, brings more than 40 years of international business expertise to the MarineMax Board, having held senior leadership roles across the financial services, technology and consumer goods sectors. He previously served as Chief Executive Officer of ACI Worldwide, a global payments software and solutions provider. During a 17-year tenure at Western Union, Mr. Almeida held increasingly senior general management and operating roles. As President of Western Union Global Money Transfer, he headed a $5 billion consumer business across more than 200 countries and territories, driving global digital expansion, achieving sustained margin improvement and stabilizing key markets while returning them to growth.
A corporate governance expert, Mr. Almeida is the Lead Independent Director at Amerant Bancorp and an Independent Director at NCR Atleos, where he serves on the Audit and Nominating & Governance Committees. He previously served on the board of Millicom International, chairing the Business Conduct and Compliance Committee and serving on the Audit Committee. He was also an executive board member at ACI Worldwide while serving as CEO.
Mr. Almeida has been named to the MarineMax Board’s Audit Committee. The Board will leverage his corporate governance expertise, audit committee experience and global business perspective to further enhance the Company’s governance and support its strategic growth initiatives.
Dr. White added, “On behalf of the Board, I want to express our deep appreciation to Evelyn and Clint for their long-standing service and steady leadership. Their perspectives have helped shape our strategic direction, and their guidance has played a meaningful role in our growth over the past decade. We wish them continued health and happiness in retirement.”
MarineMax Announces the Appointment of Odilon Almeida to the
Board of Directors
Page 2 of 2
The retirements of Ms. Follit and Mr. Moore are not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. With these changes, the MarineMax Board now comprises eight directors, six of whom are independent.
About MarineMax
As the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 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, motor yachts, and Aviara luxury dayboats; 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 Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements, including those related to the benefits that Mr. Almeida will bring to the Company’s board of directors, including his corporate governance expertise, audit committee experience and global business perspective, and the Company’s strategic growth initiatives, 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 the timing of and potential outcome of the Company’s long-term improvement plan, the estimated impact resulting from the Company’s cost-reduction initiatives, the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, general economic conditions, as well as those within the Company's industry, the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2024 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.
Contacts:
Mike McLamb
Chief Financial Officer
MarineMax, Inc.
727-531-1700
MarineMax Announces the Appointment of Odilon Almeida to the
Board of Directors
Page 3 of 3
Scott Solomon
Sharon Merrill Advisors
857-383-2409
HZO@investorrelations.com
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