MarineMax CEO gets 66 percent pay package increase
In his first year as CEO of MarineMax Inc., W. Brett McGill saw his total compensation increase 66 percent to $2.3 million.
W. Brett McGill is CEO and president of MarineMax.
His 2019 pay package included stock awards valued at just over $1 million and $743,000 in cash incentives.
MarineMax (NYSE: HZO), a Clearwater-based recreational boat and yacht retailer, disclosed compensation for McGill and other top executives in a Dec. 26 proxy, a required regulatory filing for public companies. Shareholders will get to cast an advisory “say on pay” vote at the company’s annual meeting on Feb. 20.
Executive pay, a hotly debated topic, is tied to corporate performance at most public companies, including MarineMax, one of the larger local firms with $1.2 billion in revenue for the year ended Sept. 30, 2019. Performance measures vary depending on the company. At MarineMax, key metrics are pre-tax income, inventory and “net promoter” scores, which measure customer satisfaction.
McGill was president and added CEO to his title on Oct. 1, 2018. Brett McGill succeeded his father, William McGill Jr., in the CEO role. William McGill Jr. is now executive chairman of the board, and got $1.6 million in total compensation in fiscal 2019, down from $3.2 million a year earlier.
Other MarineMax executives and their fiscal 2019 pay packages are:
• Michael McLamb, executive vice president and chief financial officer, $1.19 million, up 10.4 percent
• Charles Cashman, executive vice president and chief revenue officer, $1.03 million, up 4.5 percent
• Anthony Cassella Jr., vice president and chief accounting officer, $500,625, up 4.3 percent
MarineMax had 1,754 employees as of Sept. 30, and the median worker’s pay was $55,024.
The CEO to median worker pay ratio for fiscal 2019 was 42 to 1, a narrower ratio than a year ago when, the median worker pay was $49,433 and the ratio was 64 to 1.
