Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-21

Marinemax (HZO)

CEO W. Brett McGill was paid $6,270,195 in fiscal year 2025, ↓ down 2.8% from fiscal year 2024, the 36th percentile of its disclosed peer group (SEC filing 0001193125-26-017915 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,270,195 ↓
W. Brett McGill total, FY2025
36th
CEO pay percentile vs peers
95:1
CEO-to-median pay ratio
90.01%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- W. Brett McGill (Chief Executive Officer and President), FY2025 total compensation $6,270,195 (base salary $1,025,000) [exec_comp, SEC accession 0001193125-26-017915, filed 2026-01-21]

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HZO's next annual pay disclosure, estimated January 21, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
W. Brett McGill$1,025,000$0$4,510,002$0$727,680$0$7,513$6,270,195
Chief Executive Officer and President
Kyle Langbehn632,50001,518,0110359,22509,4092,519,145
Executive Vice President and President of Retail Operations
Michael McLamb585,0000994,4800332,248010,5001,922,228
Executive Vice President, Chief Financial Officer, and Secretary
Charles Cashman520,00001,092,0000221,49908,5701,842,069
Executive Vice President and Chief Revenue Officer
Shawn Berg460,0000460,0090156,75308,4511,085,213
Executive Vice President and Chief Digital Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
W. Brett McGill$6,270,195$6,451,890$6,006,138↓ −181,695
Kyle Langbehn2,519,1452,052,3911,931,802↑ +466,754
Michael McLamb1,922,2282,053,4621,955,477↓ −131,234
Charles Cashman1,842,0691,902,2861,773,890↓ −60,217
Shawn Berg1,085,2131,122,721—↓ −37,508

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against HZO
4 companies name HZO as a compensation peer

Each company listed discloses HZO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named HZO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Charles CashmanExecutive$1,842,069
Kyle LangbehnEVP$2,519,145
Michael McLambCFO$1,922,228
Shawn BergExecutive$1,085,213
W. Brett McGillCEO$6,270,195
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael McLambPRSU2024-11-14—19,745—34,554$596,694
Charles CashmanPRSU2024-11-14——14,454—436,800
Kyle LangbehnPRSU2024-11-14—30,139—52,743910,801
Kyle LangbehnPRSU2024-11-14——20,093—607,210
Shawn BergPRSU2024-11-14——6,089—184,010
Shawn BergPRSU2024-11-14—9,133—15,983275,999
Charles CashmanPRSU2024-11-14—21,681—37,942655,200
W. Brett McGillPRSU2024-11-14——59,696—1,804,013
W. Brett McGillPRSU2024-11-14—89,543—156,7002,705,989
Michael McLambPRSU2024-11-14——13,163—397,786
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Charles CashmanRSU17,656—$447,226
Michael McLambRSU15,925—403,380
Kyle LangbehnRSU15,925—403,380
Charles CashmanRSU13,397—339,346
Charles CashmanRSU11,167—282,860
Michael McLambRSU9,637—244,105
Michael McLambRSU8,033—203,476
Shawn BergRSU7,011—177,589
Charles CashmanRSU4,484—113,580
Kyle LangbehnRSU4,060—102,840
Michael McLambRSU4,045—102,460
Kyle LangbehnRSU4,045—102,460
Kyle LangbehnRSU3,384—85,717
Shawn BergRSU1,781—45,113
05

Incentive-plan design — the Compensation Discussion & Analysis

MarineMax's compensation philosophy is designed to align executive compensation outcomes with corporate performance and shareholder outcomes, with the majority of compensation being variable incentive compensation that fluctuates based on company performance and stock price. The company aims to pay competitive base salaries to attract, motivate, and retain highly qualified executives while using stock-based awards to align financial interests with long-term shareholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantCompensation Advisory Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-03-0313,838,1071,536,1922,838,38690.01%Passed
20252025-02-2117,832,246169,434123,47299.06%Passed
20242024-02-2216,282,227188,240774,01898.86%Passed
20232023-02-2317,029,248585,53445,59796.68%Passed
20222022-02-2417,378,173375,29937,28097.89%Passed
20212021-02-2518,244,309467,17112,21597.5%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-03-0390.01%a
20252025-02-2199.06%b
20242024-02-2298.86%c

a. Approved under the standard stated in the filing — “Because, under our Bylaws, abstentions and broker non-votes do not represent votes cast "for" or "against" a proposal, broker non-votes and abstentions will have no effect on the proposal to elect directors, the say-on-pay proposal, or the proposal to approve an amendment to our 2021 Stock-Based Compensation Plan to increase the number of shares available for issuance under the plan by 415,000, as each such proposal is determined by reference to the votes actually cast by the shares present or represented by proxy and entitled to vote.”.

b. Approved under the standard stated in the filing — “Because, under our Bylaws, abstentions and broker non-votes do not represent votes cast "for" or "against" a proposal, broker non-votes and abstentions will have no effect on the proposal to elect directors, the say-on-pay proposal, the proposal to approve an amendment to our 2008 Employee Stock Purchase Plan to increase the number of shares available for issuance under the plan by 500,000 shares and extend the term of the plan to 2035, or the proposal to approve an amendment to our 2021 Stock-Based Compensation Plan to increase the number of shares available for issuance under the plan by 495,000, as each such proposal is determined by reference to the votes actually cast by the shares present or represented by proxy and entitled to vote.”.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)95 : 1
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Rebecca WhiteIndependent · Board Chair · Compensation Committee · Nominating/Corporate Governance Committee (Chair)$245,000$140,009$0——$385,009
Bonnie BiumiIndependent · Audit Committee (Chair) · Nominating/Corporate Governance Committee103,000140,0090——243,009
George E. BorstIndependent · Audit Committee · Compensation Committee (Chair)100,000140,0090——240,009
Clint MooreNot standing for re-election · Departed during FY97,500140,0090——237,509
Evelyn V. FollitNot standing for re-election · Departed during FY85,500140,0090——225,509
Mercedes RomeroIndependent · Compensation Committee · Nominating/Corporate Governance Committee83,000140,0090——223,009
Adam M. JohnsonIndependent · Not standing for re-election · Departed during FY80,000140,0090——220,009
Daniel SchiappaIndependent · Audit Committee · Newly elected20,625064,927——85,552
Odilon AlmeidaIndependent · Audit Committee · Nominating/Corporate Governance Committee · Newly elected20,625064,927——85,552
William Brett McGillEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$140,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 17,500 / 15,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$835,250
Equity awards (grant-date value)$980,063
All other compensation$0
Total cost of the board$1,815,313

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Marinemax names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Marinemax.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Brunswick Corporation2025David Foulkes$1,250,577$9,750,026$0$1,876,000$13,020,607
2Polaris2025Michael Speetzen1,216,5623,292,7843,661,0112,719,74711,144,637
3LCI Industries2025Jason Lippert1,195,0006,221,62102,345,83810,093,861
4M/I Homes, Inc.2025Robert Schottenstein1,100,0004,945,34303,506,2509,914,773
5Winnebago Industries, Inc.2025Michael Happe1,150,0006,185,000915,006704,0008,999,898
6Cavco Industries, Inc.2026Bill Boor1,100,0004,729,90702,120,9157,958,712
7H&E Equipment Services, Inc.2023Bradley W. Barber907,6923,599,9240—6,295,836
8Marinemax2025W. Brett McGill1,025,0004,510,0020727,6806,270,195
9Kforce Inc.2025Joseph Liberatore925,0003,217,50401,029,0635,415,821
10Malibu Boats, Inc.2026Steven Menneto920,0002,610,91401,012,0004,557,820
11OneWater Marine2025Anthony Aisquith800,0002,520,04001,180,0004,545,986
12Vail Resorts, Inc.2025Robert Katz1,123,5881,405,6931,405,69303,952,230
—Big 5 Sporting Goods——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Marinemaxnot disclosedPBRSU 60 · TBRSU 40not disclosedCompensation Advisory Partners
Big 5 Sporting Goodsnot disclosednot disclosednot disclosednot disclosed
Brunswick Corporationnot disclosednot disclosednot disclosedFW Cook
Cavco Industries, Inc.not disclosednot disclosedNoPearl Meyer Partners, LLC
H&E Equipment Services, Inc.not disclosednot disclosednot disclosednot disclosed
Kforce Inc.89%RSU 100Yes — Three-year TSR performance relative to Performance Peer GroupPay Governance LLC
LCI Industriesnot disclosednot disclosednot disclosedWillis Towers Watson
M/I Homes, Inc.94%not disclosedNoWTW
Malibu Boats, Inc.100%PSU 60 · RSU 40Yes — Relative TSRExequity
OneWater Marinenot disclosednot disclosednot disclosedAon
Polarisnot disclosedOption 50 · RSU 50not disclosedAon
Vail Resorts, Inc.92%RSU 50 · Options 50not disclosedAon
Winnebago Industries, Inc.not disclosedPSU 50 · RSU 35 · Option 15not disclosedSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Marinemax in fiscal 2025?
As disclosed, W. Brett McGill (Chief Executive Officer and President) was the highest-paid executive at Marinemax in fiscal 2025, with total compensation of $6,270,195.
How does Marinemax's chief executive pay compare to its disclosed peer group?
As disclosed, W. Brett McGill's total compensation ranked at the 36th percentile of Marinemax's disclosed peer group.
What is Marinemax's CEO-to-median employee pay ratio?
As disclosed, Marinemax's CEO-to-median employee pay ratio was 95:1.
How did shareholders vote on Marinemax's executive compensation?
As disclosed, 90.01% of shareholders supported Marinemax's executive compensation in the latest say-on-pay vote.
How much does Marinemax spend in total on board compensation for fiscal 2025?
As disclosed, Marinemax reported total board compensation of $1,815,313 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, W. Brett McGillDEF 14A2026-01-210001193125-26-017915Section “SUMMARY COMPENSATION TABLE”. As printed: 6,270,195. View filing ↗
2Section 01, Kyle LangbehnDEF 14A2026-01-210001193125-26-017915Section “SUMMARY COMPENSATION TABLE”. As printed: 2,519,145. View filing ↗
3Section 01, Michael McLambDEF 14A2026-01-210001193125-26-017915Section “SUMMARY COMPENSATION TABLE”. As printed: 1,922,228. View filing ↗
4Section 01, Charles CashmanDEF 14A2026-01-210001193125-26-017915Section “SUMMARY COMPENSATION TABLE”. As printed: 1,842,069. View filing ↗
5Section 01, Shawn BergDEF 14A2026-01-210001193125-26-017915Section “SUMMARY COMPENSATION TABLE”. As printed: 1,085,213. View filing ↗
6Section 03, Michael McLamb PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
7Section 03, Charles Cashman PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
8Section 03, Kyle Langbehn PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
9Section 03, Kyle Langbehn PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
10Section 03, Shawn Berg PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
11Section 03, Shawn Berg PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
12Section 03, Charles Cashman PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
13Section 03, W. Brett McGill PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
14Section 03, W. Brett McGill PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
15Section 03, Michael McLamb PRSUDEF 14A2026-01-210001193125-26-017915Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
16Section 07, pay ratioDEF 14A2026-01-210001193125-26-017915Section “CEO Pay Ratio”. As printed: 95 : 1. View filing ↗
17Section 08, Rebecca WhiteDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 385,009. View filing ↗
18Section 08, Bonnie BiumiDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 243,009. View filing ↗
19Section 08, George E. BorstDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 240,009. View filing ↗
20Section 08, Clint MooreDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 237,509. View filing ↗
21Section 08, Evelyn V. FollitDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 225,509. View filing ↗
22Section 08, Mercedes RomeroDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 223,009. View filing ↗
23Section 08, Adam M. JohnsonDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 220,009. View filing ↗
24Section 08, Daniel SchiappaDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 85,552. View filing ↗
25Section 08, Odilon AlmeidaDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 85,552. View filing ↗
26Section 08, William Brett McGillDEF 14A2026-01-210001193125-26-017915Section “Director Compensation”. As printed: 0. View filing ↗
27Section 06, 2026 voteForm 8-K2026-03-030001193125-26-088751Item 5.07 · say-on-pay result. As reported: 90.01% (votes for as printed: 13,838,107). View filing ↗
28Section 06, 2025 voteForm 8-K2025-02-240000950170-25-025584Item 5.07 · say-on-pay result. As reported: 99.06% (votes for as printed: 17,832,246). View filing ↗
29Section 06, 2024 voteForm 8-K2024-02-280000950170-24-022031Item 5.07 · say-on-pay result. As reported: 98.86% (votes for as printed: 16,282,227). View filing ↗
30Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
31Section 09b board cost (computed)Computed——Cash 835,250 + equity 980,063 + all other 0 = 1,815,313, summed across the director compensation table rows.
32Brunswick Corporation, Section 10b CEO totalDEF 14A2026-03-190001104659-26-031610CEO total compensation as printed in Brunswick Corporation's own proxy. As printed: 13,020,607. View filing ↗
33Polaris, Section 10b CEO totalDEF 14A2026-03-170001308179-26-000087CEO total compensation as printed in Polaris's own proxy. As printed: 11,144,637. View filing ↗
34LCI Industries, Section 10b CEO totalDEF 14A2026-03-270001140361-26-011739CEO total compensation as printed in LCI Industries's own proxy. As printed: 10,093,861. View filing ↗
35M/I Homes, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-150356CEO total compensation as printed in M/I Homes, Inc.'s own proxy. As printed: 9,914,773. View filing ↗
36Winnebago Industries, Inc., Section 10b CEO totalDEF 14A2025-11-040001140361-25-040336CEO total compensation as printed in Winnebago Industries, Inc.'s own proxy. As printed: 8,999,898. View filing ↗
37Cavco Industries, Inc., Section 10b CEO totalDEF 14A2026-06-160001628280-26-043437CEO total compensation as printed in Cavco Industries, Inc.'s own proxy. As printed: 7,958,712. View filing ↗
38H&E Equipment Services, Inc., Section 10b CEO totalDEF 14A2024-04-020000950170-24-039778CEO total compensation as printed in H&E Equipment Services, Inc.'s own proxy. As printed: 6,295,836. View filing ↗
39Marinemax (subject), Section 10b CEO totalDEF 14A2026-01-210001193125-26-017915CEO total compensation as printed in Marinemax's own proxy. As printed: 6,270,195. View filing ↗
40Kforce Inc., Section 10b CEO totalDEF 14A2026-03-130000930420-26-000013CEO total compensation as printed in Kforce Inc.'s own proxy. As printed: 5,415,821. View filing ↗
41Malibu Boats, Inc., Section 10b CEO totalDEF 14A2026-09-210001590976-26-000067CEO total compensation as printed in Malibu Boats, Inc.'s own proxy. As printed: 4,557,820. View filing ↗
42OneWater Marine, Section 10b CEO totalDEF 14A2026-01-090001772921-26-000010CEO total compensation as printed in OneWater Marine's own proxy. As printed: 4,545,986. View filing ↗
43Vail Resorts, Inc., Section 10b CEO totalDEF 14A2025-10-300000812011-25-000221CEO total compensation as printed in Vail Resorts, Inc.'s own proxy. As printed: 3,952,230. View filing ↗
44Section 10a, OneWater Marine reciprocityDEF 14A—0001772921-25-000007OneWater Marine's most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
45Section 10a, Kforce Inc. reciprocityDEF 14A—0000930420-26-000013Kforce Inc.'s most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
46Section 10a, Winnebago Industries, Inc. reciprocityDEF 14A—0001140361-25-040336Winnebago Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
47Section 10a, LCI Industries reciprocityDEF 14A—0001140361-26-011739LCI Industries's most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
48Section 10a, Malibu Boats, Inc. reciprocityDEF 14A—0001590976-26-000067Malibu Boats, Inc.'s most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
49Section 10a, Brunswick Corporation reciprocityDEF 14A—0001104659-26-031610Brunswick Corporation's most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
50Section 10a, Cavco Industries, Inc. reciprocityDEF 14A—0001628280-26-043437Cavco Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
51Section 10a, M/I Homes, Inc. reciprocityDEF 14A—0001193125-26-150356M/I Homes, Inc.'s most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
52Section 10a, Vail Resorts, Inc. reciprocityDEF 14A—0000812011-25-000221Vail Resorts, Inc.'s most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗
53Section 10a, Polaris reciprocityDEF 14A—0001308179-26-000087Polaris's most recent proxy was read; its disclosed peer group does not include Marinemax. View filing ↗