other material
confidence high
sentiment positive
materiality 0.60
MarineMax extends stock repurchase plan authorizing up to 10M shares through March 2024
MARINEMAX INC
- Board extended stock repurchase plan, authorizing repurchase of up to 10M shares through March 31, 2024.
- Previous plan (March 2020) had ~700k shares repurchased out of 10M authorized; new plan replaces it.
- As of Feb 9, 2022, shares outstanding were 21.9M; new authorization represents ~46% of float.
- Repurchases may be made in open market or block trades; timing depends on price and market conditions.
- Also at annual meeting: all director nominees elected, say-on-pay and stock plan approved, KPMG ratified.