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GlobeNewsWire
19 days ago
Donerail Issues Open Letter to MarineMax Shareholders
Calls Out Board Entrenchment, Nepotism, and Obstruction of Shareholder Engagement Urges Shareholders to Vote AGAINST CEO Brett McGill as a Director at Company's Upcoming Annual Meeting Reaffirms $35.00 per Share All-Cash Proposal as a Path to Providing Immediate Shareholder Value at Significant Premium LOS ANGELES, Feb. 09, 2026 (GLOBE NEWSWIRE) -- The Donerail Group (“Donerail”), one of the largest shareholders of MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), beneficially owning over 4% of MarineMax's outstanding shares, today issued an open letter to the Company's shareholders further discussing its $35.00 all-cash offer to acquire the Company, its recent engagement with the Company, and its intention to vote AGAINST the election of CEO Brett McGill as a Director at the Company's upcoming 2026 Annual Meeting scheduled to be held on March 3, 2026. The full text of the letter follows: February 9, 2026 Dear Fellow MarineMax Shareholders - The Donerail Group (together with its affiliates, “Donerail” or “we”) is one of MarineMax, Inc.'s (“MarineMax” or the “Company”) largest shareholders, beneficially owning over 4% of the Company's outstanding shares.