United Parks & Resorts Names Swanson CEO, Guthrie Departs

TL;DR

Swanson is the new CEO of United Parks & Resorts, Guthrie out.

AI Summary

United Parks & Resorts Inc. announced on October 2, 2024, the appointment of Marc Swanson as Chief Executive Officer and a member of the Board of Directors, effective immediately. Swanson, previously interim CEO, will receive an annual base salary of $750,000 and is eligible for a performance-based annual cash incentive. The company also reported the departure of current CEO, Scott Guthrie, who will transition to an advisory role until December 31, 2024.

Why It Matters

This leadership change signals a new direction for United Parks & Resorts under a permanent CEO, potentially impacting strategic decisions and operational focus.

Risk Assessment

Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and execution, impacting investor confidence.

Key Numbers

• $750,000 — CEO Base Salary (Annual base salary for new CEO Marc Swanson.)

Key Players & Entities

• United Parks & Resorts Inc. (company) — The company filing the report.
• Marc Swanson (person) — Appointed CEO and Board member.
• Scott Guthrie (person) — Departing CEO, transitioning to advisory role.
• $750,000 (dollar_amount) — Marc Swanson's annual base salary.
• October 2, 2024 (date) — Effective date of leadership changes.
• December 31, 2024 (date) — Scott Guthrie's advisory role end date.

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share PRKS New York Stock Excha
• $400,000 — l receive: (i) an annual base salary of $400,000; (ii) an annual bonus opportunity with
• $800,000 — ll year 2024 long-term award (valued at $800,000) on the Effective Date or the first dat
• $1,500,000 b — umber of Options determined by dividing $1,500,000 by the stock price of the Company's commo
• $2,000,000 b — k Units with a grant date fair value of $2,000,000 based on the stock price on the date of g
• $1,500,000 — k Units with a grant date fair value of $1,500,000 and determined in accordance with the C
• $2,000,000 — urchase such shares) up to a maximum of $2,000,000 of Company common stock purchased. The

Filing Documents

• prks-20241002.htm (8-K) — 45KB
• prks-ex99_1.htm (EX-99.1) — 23KB
• 0000950170-24-113580.txt ( ) — 186KB
• prks-20241002.xsd (EX-101.SCH) — 23KB
• prks-20241002_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A press release announcing the appointment of Mr. Mikolaichik as Chief Financial Officer is furnished as Exhibit 99.1 hereto and incorporated herein by reference

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated October 8, 2024 announcing the CFO appointment 104 Cover page interactive data filed (embedded within the Inline XBRL document)

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: October 8, 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