Current Report Filing (8-k)
October 04 2022 - 04:03PM
Edgar (US Regulatory)
false000105706000010570602022-10-032022-10-03
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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Date of Report (Date of earliest event reported):
October 03, 2022
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MarineMax, Inc.
(Exact name of Registrant as Specified in Its Charter)
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Florida
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1-14173
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59-3496957
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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2600 McCormick Drive
Suite 200
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Clearwater,
Florida
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33759
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including Area Code:
727
531-1700
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(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))
Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $.001 per share
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HZO
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The New York Stock Exchange
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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 2.01 Completion of Acquisition or Disposition of
Assets.
On October 3, 2022, MarineMax, Inc., a Florida corporation
(“MarineMax” or the “Company”), and its wholly-owned subsidiary,
MarineMax East, Inc., a Delaware corporation (the “Buyer”)
completed its previously-announced purchase of all of the
outstanding membership interest units of Island Global Yachting
LLC, a Delaware limited liability company, pursuant to the terms of
a Securities Purchase Agreement (the “Purchase Agreement”) with
Island Marina Holdings LLC, a Delaware limited liability company,
and Island Marinas Subsidiary Corp., a Delaware corporation
(together, the “Sellers”) dated August 8, 2022 (the “Transaction”).
The Transaction was consummated for an aggregate cash purchase
price of $480 million in cash, subject to customary purchase price
adjustments set forth in the Purchase Agreement, with an additional
potential payment of up to $100 million in cash two years after
closing, subject to the achievement of certain performance metrics
set forth in the Purchase Agreement.
Other than in respect of the Purchase Agreement and certain related
agreements, the Company, its subsidiaries, its directors and
officers and the associates of such directors and officers have no
material relationship with the Sellers
The Transaction was financed through MarineMax’s recently completed
expansion of its credit facilities and cash on hand, as described
in Item 1.01 of the Form 8-K filed by the Company on August 9,
2022.
This description of the Purchase Agreement is qualified in its
entirety by reference to the complete terms and conditions of the
Purchase Agreement which is expected to be filed as an exhibit to
MarineMax’s Annual Report on Form 10-K for its fiscal year ended
September 30, 2022.
On October 4, 2022, MarineMax issued a press release announcing
completion of the Transaction. A copy of the press release is
furnished as Exhibit 99.1 hereto and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
The Company intends to file the financial statements required by
Item 9.01(a) of Form 8-K by an amendment to this Current Report on
Form 8-K no later than 71 days after the filing date of this
Current Report on Form 8-K.
(b) Pro forma financial information.
The Company intends to file the financial statements required by
Item 9.01(b) of Form 8-K by an amendment to this Current Report on
Form 8-K no later than 71 days after the filing date of this
Current Report on Form 8-K.
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:
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October 4, 2022
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By:
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/s/ Michael H. McLamb
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Name: Michael H. McLamb
Title: Executive Vice President, Chief Financial Officer and
Secretary
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