MarineMax Extends Stock Repurchase Program

Author's Avatar
Mar 01, 2022

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that its Board of Directors approved an extension of its previously announced stock repurchase plan authorizing the Company to repurchase up to a total of 10 million shares of its common stock during the period ending March 31, 2024. The new repurchase plan extends the March 2020 plan, which authorized the repurchase of up to 10 million shares through March 31, 2022, of which approximately 700,000 shares had been repurchased as of February 24, 2022. Under the plan, the Company may purchase common stock from time to time in the open market or in privately negotiated block purchase transactions.