BNET Industries

Market Cap:$149.7M
Last Fiscal Year Sales:$885.4M
  • Public
  • US
Dow Jones Description

We are the largest recreational boat retailer in the United States with fiscal 2008 revenue in excess of $880 million. Through 74 retail locations in 22 states, we sell new and used recreational boats and related marine products, including engines, trailers, parts, and accessories. We also arrange related boat financing, insurance, and extended warranty contracts; provide boat repair and maintenance services; offer yacht and boat brokerage services, and where available, offer slip and storage accommodations. MarineMax was incorporated in January 1998. We commenced operations with the acquisition of five independent recreational boat dealers on March 1, 1998. Since the initial acquisitions in March 1998, we have significantly expanded our operations through the acquisition of 20 recreational boat dealers, two boat brokerage operations, and two full-service yacht repair facilities. As a part of our acquisition strategy, we frequently engage in discussions with various recreational boat dealers regarding their potential acquisition by us. Potential acquisition discussions frequently take place over a long period of time and involve difficult business integration and other issues, including, in some cases, management succession and related matters. As a result of these and other factors, a number of potential acquisitions that from time to time appear likely to occur do not result in binding legal agreements and are not consummated.

Number of Employees 1,759
Contact Information

18167 US Hwy 19 N Ste 300

Clearwater, Florida 33764-6572

marinemax.com

(727) 531-1700

NAICS Code All Other General Merchandise Stores: 452990

Recent Events

  • MarineMax continues to battle rough financial seas

    11/05/09 - Financial Announcement - View Story

  • Morning Movers 10/26: NYER, SMLC, IGLD, AMIE, ALD, PRKR Higher; FTWR, PVTB, SMA, FOH, SOHU...

    10/26/09 - Bond / Stock Rating - View Story

  • MarineMax reports $9.2-million third quarter loss

    7/30/09 - Financial Announcement - View Story

  • MarineMax names Russell Knittel as board member

    6/11/09 - Board Member - Entering - View Story

  • MarineMax amends credit deal to secure increased allowable losses

    6/09/09 - Financial Announcement - View Story

News & Analysis

marinemax inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
William H. McGill CEO
Anthony M. Aisquith Reg President, Central Region
Michael J. Aiello Reg President, Northeast Region
Jack P. Ezzell Vice President and Chief Accounting Officer
Michael H. McLamb Executive Vice President, Chief Financial Officer and Secretary
Edward A. Russell Executive Vice President of Operations and Sales
Glenn Sandridge Vice President, Marketing
Jay J. Avelino Vice President
Kurt M. Frahn Treasurer, Vice President & Finance
Paulee C. Day Vice President and General Counsel
Thomas G. Sandridge Vice President
Robert S Kant Director

Board of Directors

Name (plus bio) Position
Hilliard M. Eure III Chairman
Allen Watters Joseph Board of Directors
Dean S. Woodman Board of Directors
Gerald M. Benstock Board of Directors
John B. Furman Board of Directors
Joseph A. Watters Board of Directors
Russell J. Knittel Board of Directors

William H. McGill Jr. has served as the Chief Executive Officer of MarineMax since January 1998 and as the Chairman of the Board and as a director of our company since March 1998. Mr. McGill served as the President of our company from January 1988 until September 2000 and re-assumed the position on July 2002. Mr. McGill was the principal owner and president of Gulfwind USA, Inc., one of our operating subsidiaries, from 1973 until its merger with us.

Organization Position Status
MarineMax, Inc. CEO Current
MarineMax, Inc. President Current
MarineMax, Inc. Chairman Current
MarineMax, Inc. Director Former

Organization Position Status
MarineMax, Inc. Reg President, Central Region Current
MarineMax, Inc. Vice President Former

Organization Position Status
MarineMax, Inc. Reg President, Northeast Region Current
MarineMax, Inc. Vice President Current

Jack P. Ezzell has served as Vice President and Chief Accounting Officer of our company since October 2002. Mr. Ezzell served as Corporate Controller of our company from June 1999 until October 2002 and Assistant Controller from January 1998 until June 1999. Mr. Ezzell was employed by Arthur Andersen, LLP from August 1996 until January 1998 serving most recently as experienced senior auditor.

Organization Position Status
MarineMax, Inc. Vice President and Chief Accounting Officer Current

Michael H. McLamb has served asExecutive Vice President, Chief Financial Officer and Secretary of our company since October 2002, as Chief Financial Officer since January 1998, as Secretary since April 1998, and as a director of our company since November 2003. Mr. McLamb served as Vice President and Treasurer of our company from January 1998 until October 2002. Mr. McLamb, a certified public accountant, was employed by Arthur Andersen, LLP from December 1987 to December 1997, serving most recently as a senior manager.

Organization Position Status
MarineMax, Inc. Executive Vice President, Chief Financial Officer and Secretary Current
MarineMax, Inc. Board of Directors Current

Edward A. Russell has served as Executive Vice President of Operations and Sales since February 2008 and Vice President of Operations since March 2006. Previous roles for Mr. Russell were as a Vice President beginning in October 2002, the Regional Manager of our Florida operations since August 2002, and District President for our Central and West Florida operations from March 1998 until August 2002. Mr. Russell was an owner and General Sales Manager of Gulfwind USA Inc., one of our operating subsidiaries, now called MarineMax of Central Florida, from 1984 until its merger with our company in March 1998.

Organization Position Status
MarineMax, Inc. Executive Vice President of Operations and Sales Current
MarineMax, Inc. Manager Former

Organization Position Status
MarineMax, Inc. Vice President, Marketing Current

Organization Position Status
MarineMax, Inc. Vice President Current

Kurt M. Frahn has served as Vice President of Finance and Treasurer of our company since October 2002. Mr. Frahn served as Director of Taxes and Acquisitions of our company from May 1998 until October , 2002. Mr. Frahn was employed by Arthur Andersen, LLP from September 1991 until May 1998, serving most recently as a tax consulting manager.

Organization Position Status
MarineMax, Inc. Treasurer, Vice President & Finance Current
MarineMax, Inc. Board of Directors Current

Organization Position Status
MarineMax, Inc. Vice President and General Counsel Current

Organization Position Status
MarineMax, Inc. Vice President Current

Organization Position Status
MarineMax, Inc. Chairman Current
WCI Communities Inc. Director Current
MarineMax, Inc. Nominating, Corporate Governance Committee Member Current
First Republic Company Chief Executive Officer Former
KPMG International Audit Partner Former
KPMG International Southeast Regional Recruiting Coordinator Former
We-Du Chairman of the Board of Directors Former
MarineMax, Inc. Board of Directors Former
We-Du Member , Board of Directors Former
We-Du Audit Committee Member Former

Organization Position Status
MarineMax, Inc. Board of Directors Current

Dean S. Woodman was elected Chairman of our Board of Directors in February 2005, and has been a Director since August 2000. Mr. Woodman was an investment banker for over four decades. From July 1989 to June 1999, he was a Managing Director of Furman Selz, an investment banking firm acquired in 1999 by ING Barings L.L.C. Mr. Woodman was a Managing Director in the investment banking group of Hambrecht & Quist (now JPMorgan Chase) from October 1984 to March 1988. He was a founding partner of Robertson Colman Stephens & Woodman, an investment banking firm, in 1978, and of Woodman Kirkpatrick & Gilbreath, an investment banking firm, in 1982. Mr. Woodman worked in the investment banking division of Merrill Lynch for 23 years where he spent 16 years as director of West Coast corporate finance until 1978. He is currently a director of both MarineMax, Inc. (NYSE: HZO) and Medallion Bank, a wholly-owned subsidiary of Medallion Financial Corp (NASDAQ: TAXI).

Organization Position Status
Medallion Bank Director Current
MarineMax, Inc. Board of Directors Current
ING Barings Managing Director Former
Furman Selz Managing Director Former
Merrill Lynch & Co., Inc. director of West Coast Former
SciClone Pharmaceuticals, Inc. Director Former

Organization Position Status
MarineMax, Inc. Board of Directors Current

John B. Furman has served as a director of our company since April 2004. Mr. Furman is a consultant to public and private companies, with a focus on product commercialization, business transactions, and financial restructurings. Mr. Furman served as President and Chief Executive Officer of GameTech International, a publicly traded company involved in interactive bingo systems, from September 2004 until July 2005. Mr. Furman served as President and Chief Executive Officer and a director of Rural/Metro Corporation, a publicly owned provider of emergency and fire protection services, from August 1998 until January 2000. Mr. Furman was a senior member of the law firm of O'Connor, Cavanagh, Anderson, Killingsworth & Beshears, a professional association, from January 1983 until August 1998; he was Associate General Counsel of Waste Management, Inc., a New York Stock Exchange-listed provider of waste management services, from May 1977 until December 1983; and Vice President, Secretary, and General Counsel of the Warner Company, a New York Stock Exchange-listed company involved in industrial mineral extractions and processing, real estate development, and solid and chemical waste management, from November 1973 until April 1977. Mr. Furman is a director of MarineMax, Inc., a New York Stock Exchangelisted company that is the nation’s largest recreational boat dealer.

Organization Position Status
Smith & Wesson Holding Corporation Director Current
MarineMax, Inc. Board of Directors Current
MarineMax, Inc. Audit Committee Member Current
GameTech International, Inc. Chief Executive Officer Former
Rural/Metro Corporation Chief Executive Officer Former
GameTech International, Inc. President Former
Rural/Metro Corporation President Former
Waste Management, Inc. Associate General Counsel Former
Rural/Metro Corporation Director Former
GameTech International, Inc. Director Former

Joseph A. Watters has served as a director of our company since October 2005. Mr. Watters has served as Chairman of Oceania Cruises since its inception in January 2003 until 2007. Oceania Cruises, a five-star cruise line, is considered the best in class for traditional premium and luxury category cruisers. During his almost 30 years in the cruise industry, Mr. Watters served as President and Chief Operating Officer of Crystal Cruises, President of Royal Viking Line, and President of Princess Cruises. Mr. Watters also founded The Watters Group, an upscale international travel organization that operated all hotel and shore excursion programs for Royal Viking Line.

Organization Position Status
MarineMax, Inc. Board of Directors Current
MarineMax, Inc. Compensation Committee Member Current
Crystal Cruises, Inc. President Former
Princess Cruises President Former
Crystal Cruises, Inc. Chief Operating Officer Former
The Watters Group Founder Former

Organization Position Status
Greenberg Traurig, Llp Principle Shareholder Current
MarineMax, Inc. Director Current
J-Com Former

Organization Position Status
MarineMax, Inc. Board of Directors Current
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     HZO $6.90 +0.05 (0.73% )
Average Volume 170,140
Shares Outstanding 18.68M
Market Cap 128.9M
Year High 8.7894
Year Low 1.19
Earnings Per Share -4.11
P/E Ratio -1.68
Dividend N/A
Yield N/A
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