Six Flags Entertainment Corporation (NYSE:SIX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Company) announced that Nancy A. Krejsa has been elected to the
Board of Directors (the “Board”) effective March 1, 2017
following Ms. Krejsa’s retirement as Senior Vice President,
Investor Relations, of the Company. Ms. Krejsa will participate
in the Companys non-employee director compensation program for
her service on the Board. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
“Amendment”) to the employment agreement of James
Reid-Anderson, Executive Chairman of the Company. The Amendment
provides that Mr. Reid-Anderson will receive a base salary of
$1,000,000 during the second year of the term of his employment
and that Mr. Reid-Anderson’s bonus for the 2017 performance year
will be paid in shares of the Companys common stock. The
foregoing description of the Amendment does not purport to be
complete and is qualified in its entirety by the text of the
Amendment, a copy of which is attached hereto as Exhibit 10.1.
informed the Company of his intention to retire from the Company
effective February 28, 2017.
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Item 8.01
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Other Events.
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declared a quarterly cash dividend of $0.64 per share of common
stock. The dividend will be payable March 13, 2017 to
shareholders of record as of March 1, 2017. A copy of the press
release is attached hereto as Exhibit 99.2 and is incorporated
herein by reference.
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10.1
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Amendment No. 1 to Employment Agreement, dated February 10,
2017, by and between James Reid-Anderson and Six Flags Entertainment Corporation |
2017
February 9, 2017
About Six Flags Entertainment Corporation (NYSE:SIX)
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land. Its parks are located in geographically diverse markets across North America. Its parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. Its parks offer approximately 830 rides, including over 130 roller coasters. The Company’s parks include Six Flags America, Six Flags Discovery Kingdom, Six Flags Fiesta Texas, Six Flags Great Adventure & Safari/ Six Flags Hurricane Harbor, Six Flags Great America, Six Flags St. Louis, Six Flags Magic Mountain/ Six Flags Hurricane Harbor, Six Flags Mexico and Six Flags New England. Six Flags Entertainment Corporation (NYSE:SIX) Recent Trading Information
Six Flags Entertainment Corporation (NYSE:SIX) closed its last trading session down -0.12 at 60.29 with 400,890 shares trading hands.