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MarineMax Announces Closing of Sale of Additional 390,000 Shares of Common Stock

Wed. September 23, 2009; Posted: 01:34 PM
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CLEARWATER, Fla., Sep 23, 2009 (BUSINESS WIRE) -- HZO | Quote | Chart | News | PowerRating -- MarineMax, Inc. (NYSE: HZO), the nation's largest recreational boat retailer, announced today the issuance of 390,000 shares of its common stock at a price of $7.00 per share, for total gross proceeds of approximately $2.7 million. The issuance is a result of the full exercise of the over-allotment option to purchase additional shares granted to the underwriter in MarineMax's public offering of 2,600,000 shares of its common stock previously announced on September 10, 2009. Raymond James & Associates, Inc. served as the sole underwriter for this offering. The net proceeds will be used for general corporate purposes, which may include debt reduction.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A registration statement relating to these securities has been filed with the SEC and is effective, and a prospectus supplement relating to the offering has been filed with the SEC. You may obtain these documents for free by visiting EDGAR on the SEC's website, at www.sec.gov. Alternatively, a copy of the prospectus supplement and accompanying prospectus may be obtained from Raymond James & Associates, Inc. at 880 Carillon Parkway, St. Petersburg, Florida 33716 or by telephone at 1-800-248-8863.

About MarineMax

Headquartered in Clearwater, Florida, MarineMax is the nation's largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Cabo, Hatteras, Azimut Yachts and Grady White, MarineMax sells new and used recreational boats and related marine products and provides yacht brokerage services. MarineMax currently operates 62 retail locations in Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Maryland, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas and Utah. MarineMax is a New York Stock Exchange-listed company.

SOURCE: MarineMax, Inc.

MarineMax, Inc. 
Michael H. McLamb 
Chief Financial Officer 
727-531-1700 
or 
ICR, LLC 
Brad Cohen, 203-682-8211 
bcohen@icrinc.com
For full details on Marinemax Inc (HZO) click here. Marinemax Inc (HZO) has Short Term PowerRatings of 6. Details on Marinemax Inc (HZO) Short Term PowerRatings is available at This Link.

    


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