Clint Moore
MARINEMAXAbout Clint Moore
Clint Moore (age 77) has served on MarineMax’s board since December 2014, including as Lead Independent Director from 2018 to June 30, 2024. He is currently an independent director, qualifies as an audit committee financial expert, and brings over four decades of senior leadership in the marine industry (Mercury Marine, Glastron/Larson at Genmar, Bassett Boat Company of Florida, Volvo Penta of the Americas). His current term is Class I, expiring in 2026 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Volvo Penta of the Americas | President | 1996–2012 | Led engines and power systems supplier; deep operational and financial oversight experience |
| Bassett Boat Company of Florida | President | 1994–1996 | Retail/dealer leadership in marine sector |
| Glastron Boat Co. and Larson Boat Co. (Genmar divisions) | President | 1989–1994 | Product, manufacturing, and commercial execution |
| Mercury Marine | Various; ultimately VP Sales, Marketing & Service (North America) | 1974–1989 | Commercial leadership across sales, service and marketing |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Not disclosed | — | — | No current public company directorships disclosed in the proxy |
Board Governance
- Committee assignments: Audit Committee member; Compensation Committee member; not listed on Nominating/Corporate Governance Committee .
- Chair roles: Former Lead Independent Director (2018–June 30, 2024); not a current committee chair. Compensation Committee chair transitioned to George Borst in 2024/2025; Moore remained a member .
- Independence: Board determined Moore is independent under NYSE rules .
- Attendance: In FY2024, the Board met 8 times; no director attended fewer than 75% of Board and committee meetings. Audit met 8 times; Compensation met 3; Nominating/Governance met 8 .
- Executive sessions: Non-employee directors meet in executive session regularly; at least one independent-only session annually. Sessions are chaired by the Board Chair (independent) .
- Board structure: Classified board; Moore is a Class I director, term expires 2026 .
Fixed Compensation
Policy framework and FY2024 actuals:
| Component | Amount/Description | Source |
|---|---|---|
| Quarterly director fee | $18,750 per quarter (cash, stock, or mix at director election) | |
| Audit Committee fees | Chair +$25,000 annually; members +$7,500 | |
| Compensation Committee fees | Chair +$17,500 annually; members +$5,000 | |
| Nominating/Governance fees | Chair +$15,000 annually; members +$3,000 | |
| Annual equity grant (non-employee directors) | $140,000 in restricted shares; 1-year vest | |
| Board Chair incremental fee | +$150,000 annually (for Chair of the Board) |
Clint Moore FY2024 compensation:
| Item | FY2024 Amount | Total |
|---|---|---|
| Fees earned/paid in cash | $122,500 | |
| Stock awards (grant-date fair value) | $140,003 | |
| Total | $262,503 |
Performance Compensation
- Director equity grants are time-based restricted shares vesting after one year; no director-specific performance metrics (e.g., TSR, EBITDA) are tied to board compensation .
| Performance Metric | Weighting/Target | Applies to Directors? |
|---|---|---|
| None disclosed for directors | — | RSUs vest time-based; no KPI linkage |
Other Directorships & Interlocks
| Topic | Detail |
|---|---|
| Current public company boards | None disclosed |
| Compensation Committee interlocks | None; no executive officers of HZO served on other boards’ comp committees where HZO directors served, and no HZO director had relationships other than as director during FY2024 |
Expertise & Qualifications
- Audit committee financial expert designation .
- Deep marine industry leadership across OEMs and dealers (Volvo Penta, Mercury Marine, Glastron/Larson, Bassett Boat) .
- Risk oversight experience via Audit and Compensation Committee service .
- Board-level skills matrix lists Moore across Marine, Retail, Public Board, Financial, Risk Management, Marketing, Innovation, ESG competencies .
Equity Ownership
| Item | Amount/Status | Notes |
|---|---|---|
| Beneficial ownership (Record Date: Dec 30, 2024) | 27,660 shares | <1% of 22,692,065 shares outstanding |
| Unvested RSUs | 4,633 shares (excluded from beneficial count) | |
| Options (as of Sep 30, 2024) | 5,000 outstanding; exercised Dec 5, 2024 | “Mr. Moore subsequently exercised all of his stock options on December 5, 2024.” |
| Hedging policy | Hedging of company equity prohibited for directors/officers | |
| Pledging policy | Pledging of shares prohibited for directors/officers | |
| Ownership guidelines | Directors expected to hold shares equal to a multiple of annual retainer; compliance expected within 5 years of appointment |
Insider Trades
| Date | Transaction | Quantity | Remarks |
|---|---|---|---|
| Dec 5, 2024 | Option exercise | 5,000 options exercised | All outstanding director options were exercised; grant program provides 5,000 options to newly appointed directors, vesting 33% per year |
Governance Assessment
- Strengths: Independent status; prior Lead Independent Director experience; dual committee membership (Audit and Compensation) with audit financial expert credential; strong attendance; prohibitions on hedging/pledging; annual restricted share grants align interests; stock ownership guidelines; annual third-party board evaluations (Boardspan) .
- Watch items: Classified board can reduce immediate accountability; however, the board reports refreshment (three long-tenured directors retired in 2024) and elected an independent Chair, which mitigates entrenchment concerns . No related-party transactions or conflicts involving Moore are disclosed; compensation committee interlocks are absent, supporting independence .
Overall, Moore’s deep sector expertise and committee roles support board effectiveness and investor confidence, with alignment reinforced by equity ownership policies and governance practices.