United Parks & Resorts Inc. Files 8-K on Shareholder Votes

TL;DR

UPKS held a shareholder vote on 3/25, details to follow.

AI Summary

United Parks & Resorts Inc. (formerly SeaWorld Entertainment, Inc.) filed an 8-K on March 26, 2024, to report on matters submitted to a vote of its security holders as of March 25, 2024. The filing does not detail the specific proposals voted on or their outcomes.

Why It Matters

This filing indicates that United Parks & Resorts Inc. held a shareholder vote, which is a standard corporate governance event. The outcome of these votes can impact company direction and shareholder rights.

Risk Assessment

Risk Level: low — This is a routine corporate filing regarding a shareholder vote, not indicating any immediate financial distress or significant operational change.

Key Players & Entities

• United Parks & Resorts Inc. (company) — Registrant
• SeaWorld Entertainment, Inc. (company) — Former company name
• March 25, 2024 (date) — Date of earliest event reported
• March 26, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share PRKS New York Stock Excha
• $500.0 million — pproved, to approve and authorize a new $500.0 million share repurchase program of the Company

Filing Documents

• prks-20240325.htm (8-K) — 49KB
• 0000950170-24-036476.txt ( ) — 157KB
• prks-20240325.xsd (EX-101.SCH) — 23KB
• prks-20240325_htm.xml (XML) — 4KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. (a)(b) On March 25, 2024, United Parks & Resorts Inc. (the "Company") held a Special Meeting of Stockholders (the "Special Meeting") to: (1) approve the amendment, entered into on February 27, 2024, to the Stockholders Agreement (the "Stockholders Agreement"), dated May 27, 2019, by and between Hill Path Capital LP ("Hill Path") and the Company (the "Amendment Proposal"); and (2) if the Amendment Proposal was approved, to approve and authorize a new $500.0 million share repurchase program of the Company's common stock, subject to the qualification that the Company will not repurchase additional shares if Hill Path's common stock ownership interest percentage would, as a result of any such repurchase, equal or exceed 50% (the "Share Repurchase Proposal"). Each of the Amendment Proposal and the Share Repurchase Proposal required approval by the holders of a majority of the shares of the Company's common stock outstanding and entitled to vote as of the record date other than shares beneficially owned by Hill Path and its affiliates (including Scott I. Ross, James P. Chambers, and Nomura Global Financial Products Inc., as derivative counterparty, who is deemed to be an affiliate of Hill Path solely for purposes of the approval requirement for each proposal) (collectively, the "Disinterested Stockholders"). A quorum was present at the meeting as required by the Company's Amended and Restated Bylaws. The immediately following charts set forth the number of votes cast for and against, and the number of abstention votes and broker non-votes, with respect to each matter voted upon by the stockholders. Proposal 1 – Amendment to the Hill Path Stockholders Agreement The Disinterested Stockholders approved the Amendment Proposal. Votes For Votes Against Votes Abstained Broker Non-Votes All Stockholders 53,152,508 15,069 5,749 0 Disinterested Stockholders 25,886,451 15,069 5,749 0 P

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED PARKS & RESORTS INC. Date: March 26, 2024 By: /s/ G. Anthony (Tony) Taylor Name: Title: G. Anthony (Tony) Taylor Chief Legal Officer, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR