SeaWorld Entertainment, Inc. (NYSE:SEAS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 7.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On July 26, 2017, Peter J. Crage gave notice of his resignation as Chief Financial Officer and Treasurer of SeaWorld Entertainment, Inc. (the “Company”) and as an officer and/or director of the Company’s subsidiaries. Mr. Crage will resign from all such positions effective as of August1, 2017. Mr.Crage will remain as an employee of the Company through mid-August 2017, to assist with the transition of his roles to the interim Chief Financial Officer and interim Treasurer. There is no dispute between Mr.Crage and the Company with respect to any financial reporting matters, compliance or otherwise.
On July 31, 2017, the Board of Directors of the Company appointed Marc G. Swanson, currently the Company’s Chief Accounting Officer, to serve as interim Chief Financial Officer and interim Treasurer of the Company, effective as of August1, 2017. Mr.Swanson will continue to serve as the Chief Accounting Officer of the Company. Mr.Swanson, age 46, has been the Company’s Chief Accounting Officer since 2012 and served as interim Chief Financial Officer from June 2015 until September 2015. Previously, he was Vice President, Performance Management and Corporate Controller of SeaWorld Parks& Entertainment from 2011 to 2012, the Corporate Controller of Busch Entertainment Corporation from 2008 to 2011 and the Vice President of Finance of Sesame Place from 2004 to 2008. He is a member of the board of directors of the SeaWorld& Busch Gardens Conservation Fund and the board of trustees of the Orlando Science Center. Mr.Swanson holds a bachelor’s degree in accounting from Purdue University and a master’s degree in business administration from DePaul University, and is a CPA. At this time, the Company has not entered into any new material compensatory contracts, plans or arrangements with Mr.Swanson or amended any material compensatory contract, plan or arrangement with Mr.Swanson.
The selection of Mr.Swanson to serve as interim Chief Financial Officer and interim Treasurer was not to any arrangement or understanding with respect to any other person. There are no family relationships between Mr.Swanson and any director or executive officer of the Company, and there are no transactions between Mr.Swanson and the Company that would be required to be reported under Item404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On August 1, 2017, the Company issued a press release announcing the resignation of Mr.Crage and the appointment of Mr.Swanson as the interim Chief Financial Officer and interim Treasurer. A copy of this press release is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01. Financial Statements and Exhibits
Press release of SeaWorld Entertainment, Inc., dated August 1, 2017
SeaWorld Entertainment, Inc. ExhibitEX-99.1 2 seas-ex991_7.htm EX-99.1 seas-ex991_7.htm Exhibit 99.1 SEAWORLD ENTERTAINMENT NAMES MARC SWANSON INTERIM CHIEF FINANCIAL OFFICER Succeeds Peter Crage Who Departs for New Senior Level Finance Opportunity ORLANDO,…To view the full exhibit click
About SeaWorld Entertainment, Inc. (NYSE:SEAS)
SeaWorld Entertainment, Inc. is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas, and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).