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Donerail Group Issues Open Letter On $35 Cash Offer for MarineMax, Intends To Vote Against CEO Brett McGill In Board Election At March 2026 Meeting

Benzinga·02/09/2026 14:21:48
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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.