MarineMax (HZO) investor relations material

Executive summary

• Shareholders are asked to vote on a merger agreement where the company will be acquired for $53.00 per share in cash, representing a significant premium over recent trading prices.

• The board unanimously recommends approval of the merger, citing a robust sale process, multiple rounds of bidding, and a fairness opinion from Wells Fargo Securities.

• If approved, the company will become a wholly owned subsidiary of the acquirer, delist from the NYSE, and cease public reporting.

• The merger is expected to close by the end of 2026, subject to regulatory and shareholder approvals.

Voting matters and shareholder proposals

• Shareholders will vote on three proposals: the merger agreement, an advisory vote on executive compensation related to the merger, and the potential adjournment of the meeting.

• Approval of the merger requires a majority of votes entitled to be cast; the advisory compensation vote is non-binding.

• Failure to vote is counted as a vote against the merger; abstentions have the same effect.

• No appraisal rights are available due to the company's NYSE listing.

Board of directors and corporate governance

• The board and a special transaction committee oversaw a comprehensive sale process, engaging with over 25 potential buyers and receiving multiple bids.

• The board considered strategic alternatives, including remaining independent, and determined the merger was in shareholders' best interests.

• Directors and officers will resign at closing, and the acquirer's nominees will become the new board.