SCHEDULE 13G/A: OneWater Marine Insiders Amend Ownership Filing, Clarifying 12.3% Stake
Ownership Disclosure Amendment
An amended Schedule 13G filing by Teresa D. Bos, Peter H. Bos Jr., and their controlled entities clarifies their beneficial ownership of 1,969,146 Class A common shares, representing 12.3% of OneWater Marine Inc.
Summary
- Teresa D. Bos, Peter H. Bos Jr., Legendary Investments, LLC, and Legendary, LLC filed an amendment to their Schedule 13G for OneWater Marine Inc.
- The amendment's primary purpose is to correct certain share percentage calculations from a previous Schedule 13G filing dated January 8, 2025, with no change in the actual number of beneficially owned shares.
- Teresa D. Bos and Peter H. Bos Jr. jointly beneficially own an aggregate of 1,969,146 shares of OneWater Marine Inc.'s Class A common stock, which represents 12.3% of the class.
- This beneficial ownership for the Bos couple includes 1,088,733 shares held directly by them as tenants in the entirety, and 880,413 shares held by Legendary Investments, LLC, an entity controlled by Mr. and Mrs. Bos.
- Legendary Investments, LLC and Legendary, LLC each beneficially own 880,413 shares of Class A common stock, representing 5.5% of the class.
- The percentage calculations are based on a total of 15,971,540 shares of Class A common stock outstanding.
- This total includes 14,826,496 shares issued and outstanding as of November 26, 2024, plus an additional 1,145,044 newly issued Class A shares issued to the reporting persons on January 6, 2025, upon redemption of Class B common stock and common units of One Water Marine Holdings, LLC.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory filing correcting a calculation error in a previous ownership disclosure. It contains no positive or negative operational or financial news, thus a neutral sentiment.
Future Outlook
NA
Industry Context
This filing is specific to a change in reported ownership percentages for OneWater Marine Inc. and does not provide broader industry context or trends.
Related Party Transactions
- 1,145,044 newly issued shares of Class A common stock were issued to the reporting persons (Teresa D. Bos, Peter H. Bos Jr., Legendary Investments, LLC, Legendary, LLC) on January 6, 2025, upon redemption of an equivalent number of Class B common stock shares and common units of One Water Marine Holdings, LLC.
- Legendary Investments, LLC is a wholly-owned subsidiary of Legendary, LLC, which is controlled by Mr. and Mrs. Bos, indicating a related party structure for a portion of the reported beneficial ownership.
Stakeholder Impact
- Shareholders: Provides updated and corrected information regarding significant beneficial ownership by key individuals and their controlled entities, which can influence perceptions of control and stability.
Key Dates
| Date | Description |
|---|---|
| 2024-11-26 | Date as of which 14,826,496 shares of Class A common stock were issued and outstanding. |
| 2025-01-06 | Date of event requiring filing, when 1,145,044 newly issued shares of Class A common stock were issued to reporting persons upon redemption of Class B common stock and common units. |
| 2025-01-08 | Date of the original Schedule 13G filing that this amendment corrects. |
| 2025-01-09 | Date of signature for the amended Schedule 13G filing. |
Keywords
OneWater Marine Inc., OWMC, Schedule 13G, beneficial ownership, Class A common stock, Teresa D. Bos, Peter H. Bos Jr., Legendary Investments LLC, Legendary LLC, SEC filing, shareholding, equity ownership
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