A marine retailer that sells new and pre-owned boats, parts, and services through dozens of dealerships across the U.S., and makes boating gear under brands like T-H Marine and Star brite. It was formed in 2014 when Singleton Marine Group merged with Legendary Marine, and it keeps acquiring established dealerships while leaving their original names on the door. The name "OneWater" plays on the company motto: One Vision. One Company. One Family.
OneWater Marine Inc. held its 2026 Annual Meeting and announced stockholder voting results.
The 2026 Annual Meeting of Stockholders was held on February 19, 2026, with 16,565,981 shares of Class A common stock outstanding and entitled to vote as of the December 29, 2025 record date.
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All eight director nominees were elected to serve until the 2027 annual meeting, with votes ranging from 10,134,069 to 10,554,931 for each nominee.
The advisory (non-binding) vote on executive compensation was approved with 8,257,439 votes for, 2,257,439 against, and 49,683 abstentions.
The appointment of Grant Thornton LLP as the independent registered public accounting firm for fiscal year ending September 30, 2026 was ratified with 15,208,004 votes for, 68,794 against, and 40,055 abstentions.
No other matters were submitted for stockholder action at the Annual Meeting.
5.07 Submission of Matters to a Vote of Security Holders
OneWater Marine sells Ocean Bio-Chem to Recochem Inc. for $50.0 million
The estimated cash purchase price is approximately $50.0 million, reflecting a $55.0 million base price less $5.0 million of working capital and other adjustments, with a final true-up due 120 days after closing.
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On February 2, 2026, OneWater Marine Inc. completed the sale of its equity interests in Ocean Bio-Chem Holdings, Inc. to Recochem Inc.
Proceeds from the sale will be used to repay a portion of OneWater Marine's outstanding debt.
The pro forma loss on sale is estimated at $8.9 million, and the pro forma net loss for the year ended September 30, 2025 would have been $112.6 million.
Truist Securities served as financial advisor and Butler Snow LLP as legal counsel to OneWater Marine.
1.01 Entry into a Material Definitive Agreement · 2.01 Completion of Acquisition or Disposition of Assets · 9.01 Financial Statements and Exhibits
OneWater Marine amends credit and inventory financing agreements, extending maturities to 2027.
On November 17, 2025, OneWater Marine Inc. entered into Amendment No. 7 to its Amended and Restated Credit Agreement, extending the maturity date to July 31, 2027, and adjusting interest rates and repayment schedules.
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The company also entered into the Third Amendment to its Eighth Amended and Restated Inventory Financing Agreement, extending the termination date to March 1, 2027.
The Third Amendment increases maximum borrowing capacity to $497.1 million and permits an additional $38.7 million in availability for overtrade capacity.
Both amendments modify certain definitions, covenants, terms, and conditions of the respective agreements.
The amendments were filed as exhibits 10.1 and 10.2 to the Form 8-K.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits