On November 28, 2022, Greg A. Shell, Sr. resigned from his position as a director on the board of directors of OneWater Marine Inc. and all committees on which he served due to the compliance policy of his new employer, which requires his resignation from any outside boards of directors. Mr. Shell’s resignation did not result from any disagreement with the Company on any matter relating to the Board or the Company’s management, operations, policies, or practices. On December 1, 2022, the Company announced the resignation of Mr. Shell and certain other Board changes, including (i) that the Chairman of the Board, Mitchell W. Legler, will retire and not be renominated for a new term at the Company’s 2023 annual meeting of stockholders in accordance with the Company’s director retirement policy that states directors not be nominated for a new term after reaching age 80 and that the Board anticipates that the current Vice Chairman of the Board, John F. Schraudenbach, will become Chairman of the Board following the election of directors at the Annual Meeting.