Off the Hook Yachts launches a dealer incentive program to boost boat intake and enhance dealer engagement via private aviation benefits.
Quiver AI Summary
Off The Hook YS Inc., the largest buyer and seller of pre-owned boats in the U.S., has announced a new dealer incentive program in partnership with flyExclusive, a leading private aviation operator. This initiative aims to increase boat intake and transaction volume by enhancing dealer engagement through a performance-based rewards structure that offers eligible dealers private aviation flight hours. The program is intended to further differentiate Off The Hook’s national acquisition and brokerage network while strengthening relationships with participating dealers. Off The Hook is well-positioned to capture a larger share of the pre-owned boat market, which sees about 1 million sales worth approximately $10 billion annually.
Potential Positives
- Launch of a nationwide dealer incentive program, expected to strengthen dealer engagement and accelerate transaction volume.
- Collaboration with flyExclusive enhances value proposition for dealers, offering premium benefits that align with Off the Hook's performance objectives.
- Off the Hook Yachts poised to capture a larger share of the approximately $10 billion market for pre-owned boats in the U.S.
Potential Negatives
- Partnership with flyExclusive poses dependency risks; failure to meet performance expectations could negatively impact both companies.
- Forward-looking statements indicate reliance on uncertain future events, which could lead to volatility in business performance and investor confidence.
- The need for such a dealer incentive program may suggest challenges in dealer engagement and transaction volume that the company is currently facing.
FAQ
What is the new dealer incentive program from Off the Hook Yachts?
The program rewards eligible dealers with private aviation flight hours for increasing boat intake and sales volume, enhancing engagement.
How will this program benefit Off the Hook Yachts?
This initiative aims to deepen dealer relationships, accelerate transactions, and strengthen Off the Hook's national acquisition network.
Who is partnering with Off the Hook for this program?
Off the Hook Yachts is partnering with flyExclusive, a leading private aviation operator, to offer unique incentives to dealers.
What is Off the Hook Yachts’ market position?
Off the Hook Yachts is the largest buyer and seller of pre-owned boats in the U.S., capturing a significant market share.
When is the program expected to launch?
The dealer incentive program is expected to roll out in the current quarter, enhancing the company's network and dealer rewards.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OTH Insider Trading Activity
$OTH insiders have traded $OTH stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OTH stock by insiders over the last 6 months:
- ROBERT ROSARIO GONNELLI has made 8 purchases buying 157,000 shares for an estimated $604,881 and 0 sales.
- BRIAN JOHN (CEO and Director) has made 2 purchases buying 35,000 shares for an estimated $131,380 and 0 sales.
- ANDREW JAMES SIMMONS (Vice President and Director) purchased 15,873 shares for an estimated $50,612
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Full Release
Program expected to further bolster Off the Hook’s position as America’s largest buyer and seller of pre-owned boats
Incentive program designed to increase the quantity and value of boat intake by deepening dealer engagement and accelerating transaction volume, ultimately enhancing Off the Hook’s national acquisition and brokerage network
Wilmington, NC, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE American: OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), America's largest buyer and seller of pre-owned boats, today announced the launch of a nationwide dealer incentive program through a strategic partnership with flyExclusive, Inc. (NYSE American: FLYX), one of the nation’s leading private aviation operators. The new initiative is designed to strengthen dealer engagement, accelerate transaction volume, and further differentiate Off the Hook Yachts’ national acquisition and brokerage network.
Through the program, eligible dealer partners may earn private aviation flight hours with flyExclusive as part of a performance-based incentive structure. The program rewards high-performing dealers while providing a unique and premium benefit that aligns with the scale, efficiency, and national reach of Off the Hook Yachts’ platform.
“We are excited to partner with a highly respected private aviation provider like flyExclusive and to introduce a program that adds meaningful value to our dealer relationships,” said Andy Simmons, Executive Vice President of Off the Hook Yachts. “This partnership strengthens our national network and creates a powerful incentive that aligns performance with premium rewards. We expect to begin rolling out the program this quarter.”
“Off the Hook Yachts is building one of the most dynamic platforms in the marine industry, and this partnership creates an opportunity to introduce private aviation in a way that supports how dealers and customers do business,” said Jim Segrave, Founder, Chairman and CEO of flyExclusive. “By aligning two publicly traded companies with a shared focus on performance, service, and long-term relationships, this collaboration connects marine and aviation at a national scale.”
Off the Hook Yachts is positioned as the largest buyer and seller of pre-owned boats in the United States. Through its expanding nationwide network of participating dealers, Off the Hook is well poised to capture a greater share of the roughly 1 million pre-owned boats sold annually in the U.S., representing an estimated $10 billion in value.
About flyExclusive
flyExclusive (NYSE American: FLYX) is a vertically integrated, FAA-certificated air carrier providing private-jet experiences through on-demand charter, Jet Club membership, and fractional ownership programs. The company operates one of the largest Citation fleets in the United States and offers comprehensive MRO, paint, interiors, and avionics services to both its own and third-party aircraft at its Kinston, North Carolina campus. Learn more at www.flyexclusive.com .
About Off The Hook YS Inc.
Founded in 2012, Off The Hook YS Inc., America’s largest buyer and seller of pre-owned boats, is a vertically integrated marine platform transforming how a market of ~1 million used boats and yachts are bought, sold, and financed across the U.S. annually. The Company’s proprietary AI-powered systems and national acquisition model drive unmatched speed, efficiency, and transparency leading to its acquisition of more than $100 million in boat purchases annually at a 5X inventory turn. With a scalable infrastructure spanning technology, wholesale, brokerage, financing, asset recovery, repair, and support yacht services, Off The Hook is well-positioned to lead the evolving $57 billion marine market. Off The Hook’s vertically integrated businesses include: Autograph Yacht Group , Azure Funding , Boats & Buyers , and We Buy Boats .
Contact
Investor Relations
[email protected]
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.
