UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K/A Amendment No. 1 ☑
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year
ended September 30 , 2024 Commission File Number 1-14173 MarineMax, Inc. (Exact Name of Registrant as
Specified in Its Charter)
                                                                   
  Florida                     59-3496957                           
  (State of Incorporation)    -I.R.S. Employer Identification No.  
                                                                   
501 Brooker Creek Boulevard , Oldsmar , Florida 34677 ( 727 ) 531-1700 (Address, including zip code, and
telephone number, including area code, of principal executive offices) Securities registered pursuant to
Section 12(b) of the Act:
                                                                                                      
  Title of Each Class                      Trading Symbol  Name of Each Exchange on Which Registered  
  Common Stock, par value $.001 per share  HZO             New York Stock Exchange                    
                                                                                                      
Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the
registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act. Yes ☐ No ☑ Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐ Indicate by check
mark whether the registrant has submitted electronically every Interactive Data File required to be
submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12
months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-
accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of
“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth
company” in Rule 12b-2 of the Exchange Act.
                                                              
  Large accelerated filer  ☑    Accelerated filer          ☐  
  Non-accelerated filer    ☐    Smaller reporting company  ☐  
                                Emerging growth company    ☐  
                                                              
If an emerging growth company, indicate by check mark if the registrant has elected not to use the
extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant has filed
a report on and attestation to its management’s assessment of the effectiveness of its internal control
over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the
registered public accounting firm that prepared or issued its audit report. ☑ If securities are
registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements
of the registrant included in the filing reflect the correction of an error to previously issued
financial statements. ☐ Indicate by check mark whether any of those error corrections are restatements
that required a recovery analysis of incentive-based compensation received by any of the registrant’s
executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐ Indicate by check
mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☑ The
aggregate market value of common stock held by non-affiliates of the registrant (21,441,854 shares)
based on the closing price of the registrant’s common stock as reported on the New York Stock Exchange
on March 31, 2024 , which was the last business day of the registrant’s most recently completed second
fiscal quarter, was $ 713,156,064 . For purposes of this computation, all officers and directors of the
registrant are deemed to be affiliates. Such determination should not be deemed to be an admission that
such officers and directors are, in fact, affiliates of the registrant. As of November 12, 2024 , there
were outstanding 22,594,565 shares of the registrant’s common stock, par value $.001 per share.
Documents Incorporated by Reference Portions of the registrant’s definitive proxy statement for the 2025
Annual Meeting of Shareholders are incorporated by reference into Part III of this report.
                                                                                     
  Auditor Firm Id:  185  Auditor Name:  KPMG LLP  Auditor Location:  Tampa, Florida  
                                                                                     
MARINEMAX, INC. ANNUAL REPORT ON FORM 10-K/A Amendment No. 1 Fiscal Year Ended September 30, 2024 TABLE
OF CONTENTS Explanatory Note
                                                                                
           PART III                                                             
  Item 10            Directors, Executive Officers and Corporate Governance  1  
  Item 11            Executive Compensation                                  1  
           PART IV                                                              
  Item 15            Exhibits, Financial Statement Schedules                 2  
                     Signature                                               3  
                                                                                
                                                                                                                EXPLANATORY NOTE                                                                                                                
This Amendment No. 1 to Annual Report on Form 10-K (this “Amendment”) amends our previously filed Annual
Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange
Commission (“SEC”) on November 14, 2024 (the “Original Form 10-K”). This Amendment is being filed solely
to include certain XBRL Interactive Data that was inadvertently omitted in the Original Form 10-K due to
an administrative error. The omitted XBRL Interactive Data did not relate to any financial information
included in the Original Form 10-K. This Amendment includes a disclosure in Item 10 of Part III that was
included in the Original Form 10-K and a disclosure in Item 11 of Part III that was incorporated by
reference into the Original Form 10-K from our Proxy Statement, filed with the SEC on January 3, 2025.
Such disclosures are included in this Amendment solely to facilitate required tagging of XBRL
Interactive Data and have not been amended, updated or restated herein.
In connection with the filing of this Amendment and pursuant to Rule 12b-15 under the Securities and
Exchange Act of 1934, as amended, we are including with this Amendment new certifications of our
principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-
Oxley Act of 2002. Item 15 of Part IV has been amended to reflect the filing of these new certifications
and to reflect the corrected XBRL Interactive Data. Except as expressly set forth above, this Amendment
does not, and does not purport to, amend, update or restate the information contained in, or
incorporated by reference into, the Original Form 10-K or reflect any events that have occurred after
the filing of the Original Form 10-K.
                                                                                                                    PARTIII                                                                                                                     
Item 10.Directors, Executive Officers and Corporate Governance                                                                                                                                                                                  
The text below is included in this Amendment solely for the purpose of facilitating required XBRL
Interactive Data tagging and does not otherwise amend, update or restate the information contained in,
or incorporated by reference into, Item 10 of the Original Form 10-K:

The Company has adopted an insider trading policy governing the purchase, sale and/or other dispositions
of the Company’s securities that applies to its officers, directors and employees as well as other
covered persons. The Company believes its insider trading policy and repurchase procedures are
reasonably designed to promote compliance with insider trading laws, rules and regulations, and listing
standards applicable to the Company. A copy of the Company’s insider trading policy is filed as Exhibit
19 to this Annual Report on Form 10-K.
Item 11.Executive Compensation                                                                                                                                                                                                                  
The text below is included in this Amendment solely for the purpose of facilitating required XBRL
Interactive Data tagging and does not otherwise amend, update or restate the information contained in,
or incorporated by reference into, Item 11 of the Original Form 10-K:
We do not currently grant stock options as a part of our equity compensation program to executive
officers. If stock options were to be granted in the future, the Company would not grant such options in
anticipation of the release of nonpublic information that is likely to result in changes to the price of
our common stock and would not time the disclosure of material nonpublic information for the purpose of
affecting the value of executive compensation. During fiscal year 2024, (i) none of our NEOs were
awarded stock options with an effective grant date during any period beginning four business days before
the filing or furnishing of a Form 10-Q, Form 10-K or Form 8-K that disclosed material nonpublic
information, ending one business day after the filing or furnishing of such reports, and (ii) we did not
time the disclosure of material nonpublic information for the purpose of affecting the value of
executive compensation.
                                                                                                                       1                                                                                                                        
PART IV Item 15. Exhibits, Finan cial Statement Schedules (a) Financial Statements and Financial
Statement Schedules No financial statements or supplemental data are filed with this report on Form
10-K/A. See Financial Statements and Financial Statement Schedules in the Original Form 10-K. (b)
Exhibits The exhibits listed below are filed as a part of this Amendment No. 1 to Annual Report on Form
10-K.
                      
  Exhibit    Exhibit  
  Number              
                      
                                                                                                                                                                                     
  31.1       Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a), promulgated under the Securities Exchange Act of 1934, as amended.              
  31.2       Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a), promulgated under the Securities Exchange Act of 1934, as amended.              
  101.INS    Inline XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.  
  101.SCH    Inline XBRL Taxonomy Extension Schema Document.                                                                                                                         
  104        Cover Page Interactive Data File (embedded within the Inline XBRL document).                                                                                            
                                                                                                                                                                                     
                                                                                                                       2                                                                                                                        
SIGNATURE Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
                                         
  MARINEMAX, INC.                        
  /s/  W. Brett McGill                   
  W. Brett McGill                        
  Chief Executive Officer and President  
                                         
Date: April 24, 2025
                                                                                                                       3                                                                                                                        


MarineMax, Inc. is a leading retailer of recreational boats and yachts in the United States, specializing in a wide range of boat types and offering comprehensive marine-related services.

# MarineMax, Inc. Overview

MarineMax, Inc. is a leading retailer of recreational boats and yachts in the United States. The company specializes in selling a variety of boats, including motorboats, sailboats, and luxury yachts, along with providing related services. Here are some detailed aspects of the company:

### Business Operations
- **Products**: MarineMax offers a wide range of boats and yachts from various manufacturers. Their inventory includes brands like Boston Whaler, Sea Ray, and Azimut, catering to different segments of the boating community.
- **Services**: In addition to boat sales, the company provides services such as financing, insurance, maintenance, and repair through its network of marine service centers.

### Customer Base
- MarineMax serves a diverse customer base that includes recreational boaters, fishing enthusiasts, and luxury yacht buyers. The company has thousands of customers ranging from first-time buyers to seasoned boaters looking for high-end luxury vessels.

### Workforce
- **Employees**: As of the latest reports, MarineMax employs several hundred staff members across its extensive network of retail locations and service centers. This dedicated workforce is critical to delivering customer service and maintaining operational efficiency.

### Financial Performance
- **Revenue**: For the fiscal year ended September 30, 2024, MarineMax reported significant revenue generated from its boat sales and services, reflecting its position as a dominant player in the marine retail market. The exact figures would need to be verified from the latest financial filings.
- **Income**: The company also reports annual income figures that indicate profitability, contributing to its ongoing growth and expansion in the recreational boating industry. These figures, like revenue, can be found in their latest securities filings.

### Market Presence
- **Stock Exchange Listing**: MarineMax, Inc. is publicly traded on the New York Stock Exchange under the trading symbol HZO. 
- **Market Strategy**: The company's strategy focuses on enhancing customer relationships, expanding its product lines, and utilizing e-commerce methods to better serve its clientele.

### Additional Notes
- MarineMax emphasizes compliance with regulatory requirements, including insider trading policies and financial reporting, ensuring transparency and accountability to its shareholders and stakeholders.

In summary, MarineMax, Inc. is deeply entrenched in the recreational boating market, operating a robust business model that combines sales with extensive services and a strong commitment to customer satisfaction.

MarineMax, Inc. is the world's largest recreational boat and yacht retailer, offering a diverse range of boats and marine products across over 120 global locations.

# MarineMax, Inc. Overview

## Company Profile
MarineMax, Inc. is the world's largest recreational boat and yacht retailer, providing a wide range of products and services within the marine industry. The company focuses on selling new and used recreational boats, yachts, and related marine products and services. MarineMax operates over **120 locations** worldwide, including **75 retail dealership locations** and **65 marina and storage locations**. 

### Key Operations
- **Retail Operations**: 
  - Sales of new and used recreational boats, including pleasure boats and fishing boats.
  - Offers related marine products such as engines, trailers, parts, and accessories.
  - Services include repairs, maintenance, and slip/storage rentals.
  - MarineMax Vacations operates in Tortola, British Virgin Islands, offering yacht charters.

- **Product Manufacturing**: 
  - Owns and operates Cruisers Yachts (manufacturing sport yachts and yachts) and Intrepid Powerboats (customized boats), with sales through retail dealerships and independent dealers.

- **Superyacht Services**: 
  - Through subsidiaries Fraser Yachts and Northrop & Johnson, the company provides brokerage, management, and charter services for superyachts.

- **Finance and Insurance Services**: 
  - Offers third-party financing and insurance products for boats and yachts through subsidiary Newcoast Financial Services.

### Customer Base
MarineMax caters to a diverse customer base, including recreational boaters and luxury yacht clients. It boasts a strong focus on delivering high levels of customer service throughout the purchasing and ownership experience, fostering customer loyalty and repeat business.

### Employee Base
As of September 30, 2024, MarineMax had approximately **4,050 employees** across its various operations, including retail, manufacturing, and corporate administration.

## Financial Performance
- **Revenue**: 
  - For the fiscal year ending September 30, 2024, MarineMax reported revenue of approximately **$2.431 billion**, a slight increase from **$2.395 billion** in the previous fiscal year (2023).
  
- **Net Income**: 
  - The company's net income for fiscal 2024 was approximately **$38.7 million**, down from **$109.5 million** in fiscal 2023. The decline in net income is attributed to lower margins due to a softer retail environment and increased selling, general, and administrative expenses.

- **Cost of Sales**: 
  - The cost of sales increased to **$1.630 billion** in fiscal 2024, representing approximately **67%** of revenue.

## Strategic Initiatives
- MarineMax has pursued an aggressive acquisition strategy, including notable acquisitions in recent years such as IGY Marinas, Boatzon, and several boat dealers.
  
- The company has expanded its international presence and diversified its offerings, creating a vertically integrated business model to serve customers across the entire recreational marine value chain.

## Summary
MarineMax, Inc. stands out in the marine industry by emphasizing customer service, strategic acquisitions, and diversification of products and services, catering to both recreational boaters and luxury yacht clients. With a significant employee base and robust revenue streams, MarineMax is positioned as a leading player in the global boating market.

MARINEMAX INC

10-K / April 24, 2025

10-K / November 14, 2024

10-K / April 24, 2025

MarineMax, Inc. Overview

Business Operations

Customer Base

Workforce

Financial Performance

Market Presence

Additional Notes