Six Flags Announces Board & Executive Compensation Changes
Ticker: FUN · Form: 8-K · Filed: 2024-10-15T00:00:00.000Z
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
Six Flags shakes up the board and executive pay structure.
AI Summary
Six Flags Entertainment Corporation/NEW announced on October 8, 2024, changes in its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. This follows the company's name change from CopperSteel HoldCo, Inc. on October 27, 2023.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can indicate underlying issues or strategic shifts that may affect the company's future performance and stock price.
Key Players & Entities
- Six Flags Entertainment Corporation/NEW (company) — Registrant
- CopperSteel HoldCo, Inc. (company) — Former company name
- October 8, 2024 (date) — Date of earliest event reported
- October 27, 2023 (date) — Date of former company name change
FAQ
What specific roles have seen departures of officers or directors?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles in the provided text.
Who are the newly elected directors?
The filing states that directors have been elected, but does not name the individuals in the provided text.
What are the key changes in compensatory arrangements for officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specifics are not detailed in the provided text.
When did Six Flags Entertainment Corporation officially change its name?
The company's name changed from CopperSteel HoldCo, Inc. on October 27, 2023.
What is the principal executive office address for Six Flags?
The principal executive offices are located at 8701 Red Oak Blvd., Charlotte, North Carolina 28217.
Filing Stats: 3,566 words · 14 min read · ~12 pages · Grade level 13.6 · Accepted 2024-10-15 17:23:30
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FUN New York Stock Exchan
- $1,100,000 — other things, an initial base salary of $1,100,000 per year, subject to annual review by t
- $8,500,000 — of the agreement with a target value of $8,500,000 on the date of grant, with the terms an
- $670,000 — other things, an initial base salary of $670,000 per year, subject to annual review by t
- $2,750,000 — of the agreement with a target value of $2,750,000 on the date of grant, with the terms an
- $750,000 — other things, an initial base salary of $750,000 per year, subject to annual review by t
- $3,400,000 — of the agreement with a target value of $3,400,000 on the date of grant, with the terms an
- $600,000 — other things, an initial base salary of $600,000 per year, subject to annual review by t
- $2,100,000 — of the agreement with a target value of $2,100,000 on the date of grant, with the terms an
- $440,000 — other things, an initial base salary of $440,000 per year, subject to annual review by t
- $620,000 — of the agreement with a target value of $620,000 on the date of grant, with the terms an
Filing Documents
- d875272d8k.htm (8-K) — 47KB
- 0001193125-24-237673.txt ( ) — 166KB
- fun-20241008.xsd (EX-101.SCH) — 3KB
- fun-20241008_lab.xml (EX-101.LAB) — 17KB
- fun-20241008_pre.xml (EX-101.PRE) — 11KB
- d875272d8k_htm.xml (XML) — 3KB
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. Date: October 15, 2024 SIX FLAGS ENTERTAINMENT CORPORATION (Registrant) By: /s/ Brian Witherow Name: Brian Witherow Title: Chief Financial Officer