OneWater Marine Announces the Appointment of Carmen Bauza to its Board of Directors
March 02 2023 - 7:00AM
BUFORD, GA, March 2, 2023 – OneWater Marine Inc. (NASDAQ: ONEW)
(“OneWater” or the “Company”) today announced the appointment of
Carmen Bauza to the Company’s Board of Directors (the “Board”) as
an additional independent director, effective as of March 1, 2023.
This appointment will increase the size of the Board from eight to
nine directors, seven of whom are independent.
“We are excited to welcome Carmen Bauza to the
Board of Directors. Carmen is a seasoned executive with global
retail experience and a proven track record of consistently driving
growth through omni-channel marketing strategies, product
innovation and digitization,” said John Schraudenbach, OneWater’s
Chairman of the Board. “We look forward to benefiting from Carmen’s
valuable insights and expertise as we continue to execute on our
growth strategy and deliver value for our shareholders.”
As part of her inclusion on the board, Ms. Bauza
will also serve on the Audit and Compensation Committees with her
fellow board members.
Ms. Bauza currently serves as a member of the board
of directors for Zumiez Inc., Destination XL Group, Inc., and the
board of managers of Claire’s Stores Inc. She is also an advisor to
RoundTable Healthcare Partners, a private equity firm focused
solely on the healthcare industry. Throughout her career, Ms. Bauza
has also held senior level roles at Fanatics, HSN, and Walmart.
Ms. Bauza was born in Ponce, Puerto Rico and is a
graduate of Seton Hill University where she studied fashion
merchandising and business management. She has received numerous
prestigious awards including Latina Executive of the Year, from
Latina Style Magazine; Top Women in Pharmacy, from Drug Store News;
and Most Influential Woman of the Year, from Mass Market
Retailer.
About OneWater Marine Inc.
OneWater Marine Inc. is one of the largest and
fastest-growing premium marine retailers in the United States.
OneWater operates a total of 100 retail locations, 12 distribution
centers/warehouses and multiple online marketplaces in 20 different
states, several of which are in the top twenty states for marine
retail expenditures. OneWater offers a broad range of products and
services and has diversified revenue streams, which include the
sale of new and pre-owned boats, finance and insurance products,
parts and accessories, maintenance, repair and other
services.
Cautionary Statement Concerning
Forward-Looking StatementsThis press release may contain
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, including regarding our
strategy, future operations, financial position, prospects, plans
and objectives of management, growth rate and its expectations
regarding future revenue, operating income or loss or earnings or
loss per share. In some cases, you can identify forward-looking
statements because they contain words such as “may,” “will,” “will
be,” “will likely result,” “should,” “expects,” “plans,”
“anticipates,” “could,” “would,” “foresees,” “intends,” “target,”
“projects,” “contemplates,” “believes,” “estimates,” “predicts,”
“potential,” “outlook” or “continue” or the negative of these words
or other similar terms or expressions that concern our
expectations, strategy, plans or intentions. These forward-looking
statements are not guarantees of future performance, but are based
on management's current expectations, assumptions and beliefs
concerning future developments and their potential effect on us,
which are inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Our expectations
expressed or implied in these forward-looking statements may not
turn out to be correct.
Important factors, some of which are beyond our
control, that could cause actual results to differ materially from
our historical results or those expressed or implied by these
forward-looking statements include the following: effects of
industry wide supply chain challenges including a heightened
inflationary environment and our ability to maintain adequate
inventory, changes in demand for our products and services, the
seasonality and volatility of the boat industry, fluctuation in
interest rates, adverse weather events, our acquisition and
business strategies, the inability to comply with the financial and
other covenants and metrics in our credit facilities, cash flow and
access to capital, effects of the COVID-19 pandemic and related
governmental actions or restrictions on the Company’s business,
risks related to the ability to realize the anticipated benefits of
any proposed acquisitions, including the risk that proposed or
recent acquisitions will not be integrated successfully, the timing
of development expenditures, and other risks. More information on
these risks and other potential factors that could affect our
financial results is included in our filings with the Securities
and Exchange Commission, including in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” sections of our Annual Report on Form 10-K
for the fiscal year ended September 30, 2022 and in our
subsequently filed Quarterly Reports on Form 10-Q, each of which is
on file with the SEC and available from OneWater Marine’s website
at www.onewatermarine.com under the “Investors” tab, and in other
documents OneWater Marine files with the SEC. Any forward-looking
statement speaks only as of the date as of which such statement is
made, and, except as required by law, we undertake no obligation to
update or revise publicly any forward-looking statements, whether
because of new information, future events, or otherwise.
Investor or Media
Contact: Jack Ezzell Chief Financial
Officer IR@OneWaterMarine.com
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