UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
|
|
Date of Report (Date of Earliest Event Reported): |
|
|
__________________________________________
(Exact name of registrant as specified in its charter)
|
|
|
||
|
|
|
||
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
||
of incorporation) |
File Number) |
Identification No.) |
||
|
|
|
||
|
|
|
||
_________________________________ (Address of principal executive offices) |
|
___________ (Zip Code) |
||
|
|
|
||
Registrant’s telephone number, including area code: |
|
|
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
|
|
|
|
|
Item 8.01 Other Events.
On November 3, 2021, the Company issued a press release announcing the acquisition of Intrepid Powerboats. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Press release of MarineMax, Inc. dated November 3, 2021, entitled “MarineMax Completes The Acquisition Of Intrepid Powerboats”.
Exhibit Index
Exhibit No. |
|
Description |
|
|
|
99.1 |
|
|
|
|
|
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
|
|
|
|
|
|
|
|
|
|
|
|
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 hereunto duly authorized.
|
|
MarineMax, Inc. |
|
|
|
|
/s/ Michael H. McLamb Name: Michael H. McLamb |
|
|
|
|
Exhibit 99.1
MARINEMAX COMPLETES THE ACQUISITION OF INTREPID POWERBOATS
CLEARWATER, FL – November 3, 2021 – MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, announced today that it has completed the acquisition of Intrepid Powerboats (Intrepid), a premier manufacturer of powerboats.
Intrepid Powerboats is recognized as a world class producer of customized boats, carefully reflecting the unique desires of each individual owner. Intrepid follows a direct-to-consumer distribution model and has received many awards and accolades for its innovations and high-quality craftsmanship that create industry leading products in their categories. Intrepid produced revenue in excess of $60 million during the last twelve-months.
W. Brett McGill, Chief Executive Officer and President of MarineMax, stated, “We are excited to add Intrepid Powerboats to the growing list of strategic acquisitions we have completed. Providing Intrepid with additional resources to enhance how it serves its loyal customer base, while leveraging our digital technologies and capital, will allow it to continue to innovate and grow. We are happy that Ken Clinton and the Intrepid management team have joined our family and will continue to operate the business.”
Raymond James Investment Banking Marine Team was the advisor for Intrepid Powerboats.
~more~
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 77 retail dealership locations, which includes 31 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, the Company also is the largest super-yacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufacturers boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufacturers powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit 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. Such forward-looking statements include Intrepid's continued innovation and growth and the management team's continued operation of the business. 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 the Company’s abilities 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 impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2020 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.
Contact: |
|
|
|
Michael H. McLamb |
Investors: |
|
Chief Financial Officer |
Brad Cohen or Dawn Francfort |
|
727-531-1700 |
ICR, LLC. |
|
Media: |
investorrelations@marinemax.com. |
|
Abbey Heimensen |
|
|
MarineMax, Inc. |
|
|
|
|
|
|
|
Document and Entity Information |
Nov. 03, 2021 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Nov. 03, 2021 |
Entity Registrant Name | MarineMax, Inc. |
Entity Central Index Key | 0001057060 |
Entity Emerging Growth Company | false |
Entity File Number | 1-14173 |
Entity Incorporation State Country Code | FL |
Entity Tax Identification Number | 59-3496957 |
Entity Address Address Line1 | 2600 McCormick Drive |
Entity Address, Address Line Two | Suite 200 |
Entity Address City Or Town | Clearwater |
Entity Address State Or Province | FL |
Entity Address Postal Zip Code | 33759 |
City Area Code | 727 |
Local Phone Number | 531-1700 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $.001 per share |
Trading Symbol | HZO |
Security Exchange Name | NYSE |
$>.8!F<=M^MT
M I\.L'![*RSY!;D/L8=P$,83""A 3KKK!'O?/[T\T\??[$L<'$UN 'G?H@?
MT07F/J%\R=#KX9