MarineMax shareholders re-elect CEO McGill, rejecting Donerail proxy fight
MarineMax shareholders voted to re-elect CEO Brett McGill to the board at the March 3 annual meeting, rejecting activist investor Donerail Group's campaign to oust him. Donerail had offered $35/share (~$1.1B) all-cash and urged shareholders to vote against McGill. Shareholders also approved a stock compensation plan amendment and ratified KPMG as auditor. Donerail's bid remains on the table but the board has not engaged — Donerail never signed the NDA MarineMax provided.
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