SCHEDULE 13G: OneWater Marine Inc. Reports Significant Beneficial Ownership Stake by Bos Family and Affiliates

Teresa D. Bos, Peter H. Bos, Jr., and their controlled entities, Legendary Investments, LLC and Legendary, LLC, have disclosed a combined beneficial ownership of 11.7% of OneWater Marine Inc.'s Class A Common Stock following a recent share conversion.

Summary

• Teresa D. Bos, Peter H. Bos, Jr., Legendary Investments, LLC, and Legendary, LLC have filed a Schedule 13G, disclosing their beneficial ownership in OneWater Marine Inc.
• Teresa D. Bos and Peter H. Bos, Jr. each beneficially own 1,969,146 shares of Class A Common Stock, representing 11.7% of the class.
• Legendary Investments, LLC and Legendary, LLC each beneficially own 880,413 shares of Class A Common Stock, representing 5.2% of the class.
• The reported ownership includes 1,088,733 shares held directly by Mr. and Mrs. Bos as tenants in the entirety, and 880,413 shares held by Legendary Investments, LLC, which is controlled by Mr. and Mrs. Bos.
• The calculation of beneficial ownership is based on a total of 16,795,642 shares of Class A common stock, which includes 14,826,496 shares outstanding as of November 26, 2024, plus 1,145,044 newly issued Class A shares on January 6, 2025.
• The newly issued shares were obtained upon the redemption of an equivalent number of Class B common stock shares coupled with common units of One Water Marine Holdings, LLC.
• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of OneWater Marine Inc.

Sentiment

Score: 5

Explanation: The document is a factual, legally mandated disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the company's performance or outlook.

Risks

• The Power of Attorney includes an indemnification clause where the undersigned agrees to indemnify and hold harmless the Company and the attorney-in-fact against losses, claims, damages, or liabilities arising from untrue statements, omissions, or lack of timeliness in information provided by the undersigned for SEC filings.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership and does not provide specific insights into broader industry trends or competitive landscape for the marine retail sector.

Corporate Governance

Related Party Transactions

• The filing details the beneficial ownership structure involving Teresa D. Bos, Peter H. Bos, Jr., and entities they control (Legendary Investments, LLC and Legendary, LLC), which are considered related parties.
• The conversion of 1,145,044 shares of Class B common stock (coupled with common units of One Water Marine Holdings, LLC) into newly issued Class A common stock on January 6, 2025, represents a transaction between the company and these related parties.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes and changes in the capital structure (conversion of Class B to Class A shares), which can influence perceptions of control and liquidity.

Next Steps

• The Power of Attorney outlines ongoing requirements for the attorney-in-fact to prepare and file future SEC reports (Forms 3, 4, 5, 144, 13D, 13G) related to the undersigned's beneficial ownership of OneWater Marine Inc. securities.

Key Dates

Keywords

OneWater Marine Inc., Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Shareholding, Corporate Governance