{"id":939370,"date":"2026-02-24T08:24:24","date_gmt":"2026-02-24T13:24:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/"},"modified":"2026-02-24T08:24:24","modified_gmt":"2026-02-24T13:24:24","slug":"marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/","title":{"rendered":"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwmarginl1 { margin-left: 30px }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders<\/b><\/p>\n<p>OLDSMAR, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMarineMax, Inc. (NYSE: HZO) (\u201cMarineMax\u201d or the \u201cCompany\u201d), the world\u2019s largest recreational boat and yacht retailer, marina operator and superyacht services company, today issued the following statement in response to the recent public letter to shareholders from The Donerail Group, Inc. (together with its affiliates, \u201cDonerail\u201d):<\/p>\n<p class=\"bwmarginl1\">\nMarineMax\u2019s Board of Directors (the \u201cBoard\u201d) is committed to driving value for all shareholders and other stakeholders and regularly considers different approaches to achieving that objective. To that end, MarineMax, with the assistance of its independent financial and legal advisors, has been engaging with Donerail and evaluating its unsolicited indication of interest to acquire the Company (the \u201cIndication of Interest\u201d).<\/p>\n<p class=\"bwmarginl1\">\nFollowing receipt of the Indication of Interest, the Company promptly responded to Donerail with customary diligence questions aimed at facilitating the Board\u2019s evaluation of Donerail\u2019s interest, funding sources and execution certainty. The Company and its advisors have had three substantive calls with Donerail and its representatives.<\/p>\n<p class=\"bwmarginl1\">\nThe Company also provided Donerail with a standard non-disclosure agreement (\u201cNDA\u201d) nearly two weeks ago to facilitate further engagement. However, while Donerail has publicly expressed its desire to receive non-public information about our business twice (and criticized the Company for not yet providing such information), Donerail has not yet executed\u2014or even provided comments on\u2014this simple, customary agreement.<\/p>\n<p class=\"bwmarginl1\">\nThe Board remains committed to carefully evaluating any credible proposal that has the potential to enhance shareholder value.<\/p>\n<p><b>About MarineMax<\/b><\/p>\n<p>\nAs the world\u2019s 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 over 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 &amp; Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world\u2019s 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\u2019s surface. We\u2019re focused on the other 71%. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.marinemax.com&amp;esheet=54431818&amp;newsitemid=20260224894302&amp;lan=en-US&amp;anchor=www.marinemax.com&amp;index=1&amp;md5=3777b361dfeec1055be6252f891fc913\">www.marinemax.com<\/a>.<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>\nCertain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, and may be identified by the use of words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d or \u201cwould,\u201d or the negative of these words, or other similar terms or expressions that concern the Company\u2019s expectations, strategy, plans, or intentions. 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 timing of and potential outcome of the Company\u2019s long-term strategy, the estimated impact resulting from the Company\u2019s cost-reduction initiatives, the Company\u2019s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, general economic conditions, as well as those within the Company&#8217;s industry, the level of consumer spending, and numerous other factors identified in the Company\u2019s most recently filed Forms 10-K and 10-Q and other filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release and undue reliance should not be placed on these statements. 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.<\/p>\n<p><b>Important Additional Information and Where to Find It<\/b><\/p>\n<p>\nThe Company has filed a proxy statement on Schedule 14A and other relevant documents with the SEC in connection with the solicitation of proxies from the Company\u2019s stockholders for the Company\u2019s 2026 annual meeting of stockholders. THE COMPANY\u2019S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY\u2019S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY ARE OR BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a free copy of the definitive proxy statement, any amendments or supplements to the proxy statement, and other documents that the Company files with the SEC at no charge from the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54431818&amp;newsitemid=20260224894302&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=e00e6385a783bc9fee6af4bffd1acec9\">www.sec.gov<\/a>. Copies are or will also be available at no charge by clicking the \u201cSEC filings\u201d link in the \u201cFinancial Reports\u201d section of the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.marinemax.com%2F&amp;esheet=54431818&amp;newsitemid=20260224894302&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestor.marinemax.com%2F&amp;index=3&amp;md5=69ad447321c250c28721480fc7512d96\">https:\/\/investor.marinemax.com\/<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260224894302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260224894302\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260224894302\/en\/<\/a><\/span><\/p>\n<p>\nMike McLamb<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>MarineMax, Inc.<br \/>\n<br \/>727-531-1700<\/p>\n<p>\nScott Solomon<br \/>\n<br \/>Sharon Merrill Advisors<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:HZO@investorrelations.com\">HZO@investorrelations.com<br \/>\n<\/a><br \/>(857) 383-2409<\/p>\n<p><b>KEYWORDS:<\/b> Florida United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Luxury Maritime Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260224894302\/en\/2728619\/3\/MarineMax_Logo_NoTag_-_JG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders OLDSMAR, Fla.&#8211;(BUSINESS WIRE)&#8211; MarineMax, Inc. (NYSE: HZO) (\u201cMarineMax\u201d or the \u201cCompany\u201d), the world\u2019s largest recreational boat and yacht retailer, marina operator and superyacht services company, today issued the following statement in response to the recent public letter to shareholders from The Donerail Group, Inc. (together with its affiliates, \u201cDonerail\u201d): MarineMax\u2019s Board of Directors (the \u201cBoard\u201d) is committed to driving value for all shareholders and other stakeholders and regularly considers different approaches to achieving that objective. To that end, MarineMax, with the assistance of its independent financial and legal advisors, has been engaging with Donerail and evaluating its unsolicited indication of interest to acquire the Company (the \u201cIndication of Interest\u201d). &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-939370","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders OLDSMAR, Fla.&#8211;(BUSINESS WIRE)&#8211; MarineMax, Inc. (NYSE: HZO) (\u201cMarineMax\u201d or the \u201cCompany\u201d), the world\u2019s largest recreational boat and yacht retailer, marina operator and superyacht services company, today issued the following statement in response to the recent public letter to shareholders from The Donerail Group, Inc. (together with its affiliates, \u201cDonerail\u201d): MarineMax\u2019s Board of Directors (the \u201cBoard\u201d) is committed to driving value for all shareholders and other stakeholders and regularly considers different approaches to achieving that objective. To that end, MarineMax, with the assistance of its independent financial and legal advisors, has been engaging with Donerail and evaluating its unsolicited indication of interest to acquire the Company (the \u201cIndication of Interest\u201d). &hellip; Continue reading &quot;MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-24T13:24:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260224894302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders\",\"datePublished\":\"2026-02-24T13:24:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\\\/\"},\"wordCount\":890,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260224894302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\\\/\",\"name\":\"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders - 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(NYSE: HZO) (\u201cMarineMax\u201d or the \u201cCompany\u201d), the world\u2019s largest recreational boat and yacht retailer, marina operator and superyacht services company, today issued the following statement in response to the recent public letter to shareholders from The Donerail Group, Inc. (together with its affiliates, \u201cDonerail\u201d): MarineMax\u2019s Board of Directors (the \u201cBoard\u201d) is committed to driving value for all shareholders and other stakeholders and regularly considers different approaches to achieving that objective. To that end, MarineMax, with the assistance of its independent financial and legal advisors, has been engaging with Donerail and evaluating its unsolicited indication of interest to acquire the Company (the \u201cIndication of Interest\u201d). &hellip; Continue reading \"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-24T13:24:24+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260224894302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders","datePublished":"2026-02-24T13:24:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/"},"wordCount":890,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260224894302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/marinemax-responds-to-the-donerail-groups-latest-public-letter-to-shareholders\/","name":"MarineMax Responds to The Donerail Group\u2019s Latest Public Letter to Shareholders - 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