0001299933-16-002325.txt : 20160421 0001299933-16-002325.hdr.sgml : 20160421 20160421083535 ACCESSION NUMBER: 0001299933-16-002325 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160418 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160421 DATE AS OF CHANGE: 20160421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARINEMAX INC CENTRAL INDEX KEY: 0001057060 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] IRS NUMBER: 593496957 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14173 FILM NUMBER: 161582710 BUSINESS ADDRESS: STREET 1: 2600 MCCORMICK DRIVE STREET 2: SUITE200 CITY: CLEARWATER STATE: FL ZIP: 33759 BUSINESS PHONE: 8135318150 MAIL ADDRESS: STREET 1: 2600 MCCORMICK DRIVE STREET 2: SUITE200 CITY: CLEARWATER STATE: FL ZIP: 33759 8-K 1 htm_53387.htm LIVE FILING MarineMax, Inc. (Form: 8-K)  

 


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

     
Date of Report (Date of Earliest Event Reported):   April 18, 2016

MarineMax, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Florida 1-14173 59-3496957
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2600 McCormick Drive, Suite 200, Clearwater, Florida   33759
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   727-531-1700

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))


Item 8.01 Other Events.

On April 18, 2016, the Company issued a press release announcing the purchase of substantially all of the assets of Russo’s Marine Mart, Inc. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Current Report on Form 8-K.





Item 9.01 Financial Statements and Exhibits.

Press release of MarineMax, Inc. dated April 18, 2016.






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.
          
April 21, 2016   By:   Michael H. McLamb
       
        Name: Michael H. McLamb
        Title: Executive Vice President, Chief Financial Officer and Secretary


Exhibit Index


     
Exhibit No.   Description

 
99.1
  Press release of MarineMax, Inc. dated April 18, 2016.
EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

MarineMax Expands In The Northeast
~ Acquires Boston-Based Russo Marine ~

CLEARWATER, FL – (BUSINESS WIRE) – April 18, 2016 – MarineMax, Inc. (NYSE: HZO — News), the nation’s largest recreational boat and yacht retailer, today announced that it has completed the acquisition of substantially all the assets of Russo Marine (Russo).

With fiscal 2015 revenue exceeding $35 million, Russo is the largest privately-owned boat dealer in the Northeast. Russo operates three locations which serve the Massachusetts and Rhode Island coastal markets. Russo, a third-generation marine dealership, has served these important boating markets for over 75 years. The brands represented by Russo include Sea Ray, Meridian, Boston Whaler and Sailfish.

MarineMax acquired all of the assets of Russo. The shareholders of Russo, who will remain as its operators, received an initial cash payment at closing and have the ability to earn additional payments, subject to achieving certain performance metrics in the future.

William H. McGill, Jr., Chairman, President, and Chief Executive Officer of MarineMax, Inc. stated, “Russo Marine joining the MarineMax team provides us with a valuable presence in the important Boston and related coastal markets. With the addition of Russo, we further strengthen our position to serve the many boaters that migrate along the Atlantic seaboard from the Northeast to Florida. Larry Russo, Sr. is well respected in our industry and we are very proud to welcome him, his family and the Russo Marine team into MarineMax. With Russo’s similar customer-centric strategies, we firmly believe that together we will be even stronger serving boating enthusiasts in one of the most important marine markets in the country.”

Larry Russo, Sr., President of Russo Marine, stated, “The Russo family is both energized and excited to join forces with the nation’s premier marine retailer. This strategic move aligns us with the industry leader and will give us access to additional markets, products and services. For many years, our two companies have shared a common vision for operational excellence and for improving the customer’s experience. This is an exceptional opportunity for us to take the marine business to the next level in New England.”

~ more ~

1

About MarineMax

Headquartered in Clearwater, Florida, MarineMax is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon, Grady-White, Harris, Crest, Scout, Sailfish, Sea Pro, Scarab Jet Boats, Aquila, and Nautique, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax currently has 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas and operates MarineMax Vacations in Tortola, British Virgin Islands. MarineMax is a New York Stock Exchange-listed company. 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 the additional payments, and our future strength in operating in the Northeast. 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 assumption the Company’s abilities to accomplish its goals and strategies, the success of the acquisition, synergies expected from the acquisition, the ease of integration of Russo Marine, anticipated revenue enhancements, fiscal 2016 earnings per diluted share contribution from the acquisition, general economic conditions and the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K 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
Chief Financial Officer
MarineMax, Inc.
Abbey Heimensen
Public Relations
727.531.1700
  Brad Cohen — Investor Relations
Integrated Corporate Relations, Inc.
203.682.8211
Susan Hartzell – Media Contact
Integrated Corporate Relations, Inc.
203.682.8238

###

2