Jump to content

Mike Spanos Leaving Six Flags, New CEO Chosen


Recommended Posts

3 hours ago, DiamondbackFan said:

The press release and SEC filing make it sound like Spanos was fired and pushed out by the Board of Directors over the weekend.  The new CEO, Selim Bassoul, was the Chairman of the Board and should have a solid understanding of the company.

Yes, like free spin very good very cheap very everywhere

Link to comment
Share on other sites

3 hours ago, DiamondbackFan said:

The press release and SEC filing make it sound like Spanos was fired and pushed out by the Board of Directors over the weekend.  The new CEO, Selim Bassoul, was the Chairman of the Board and should have a solid understanding of the company.

I didn't believe that until I read Spanos' quote:

“I am honored to serve as the next CEO of Six Flags, and I am excited to bring the magic back to our parks."

 

Link to comment
Share on other sites

The known timeline:

Oct 18th: Selim Bassoul appointed to the Board of 1847 Goedeker Inc.
Oct 27th: Six Flags Q3 Earnings
Nov 4th: Selim Bassoul resigns from the Board of 1847 Goedeker Inc., "due to unexpected commitments on his time that could not have been previously anticipated."

https://m.marketscreener.com/quote/stock/1847-GOEDEKER-INC-109987931/news/1847-GOEDEKER-INC-Change-in-Directors-or-Principal-Officers-form-8-K-36921295/

Nov 13th: Six Flags and Michael Spanos entered into an agreement and general release (the "Spanos Agreement")
Nov 14th: Selim Bassoul appointed President and CEO of Six Flags

https://otp.tools.investis.com/clients/us/sixflags3/SEC/sec-show.aspx?Type=html&FilingId=15352671&CIK=0000701374&Index=10000


Nov 16th & 17th: Activist investor H Partners Management buys another 400000 shares of Six Flags stock and now own 9.7% of the company.

https://otp.tools.investis.com/clients/us/sixflags3/SEC/sec-show.aspx?Type=html&FilingId=15365946&CIK=0000701374&Index=10000

 

Link to comment
Share on other sites

6 hours ago, DiamondbackFan said:

The known timeline:

Oct 18th: Selim Bassoul appointed to the Board of 1847 Goedeker Inc.
Oct 27th: Six Flags Q3 Earnings
Nov 4th: Selim Bassoul resigns from the Board of 1847 Goedeker Inc., "due to unexpected commitments on his time that could not have been previously anticipated."

https://m.marketscreener.com/quote/stock/1847-GOEDEKER-INC-109987931/news/1847-GOEDEKER-INC-Change-in-Directors-or-Principal-Officers-form-8-K-36921295/

Nov 13th: Six Flags and Michael Spanos entered into an agreement and general release (the "Spanos Agreement")
Nov 14th: Selim Bassoul appointed President and CEO of Six Flags

https://otp.tools.investis.com/clients/us/sixflags3/SEC/sec-show.aspx?Type=html&FilingId=15352671&CIK=0000701374&Index=10000


Nov 16th & 17th: Activist investor H Partners Management buys another 400000 shares of Six Flags stock and now own 9.7% of the company.

https://otp.tools.investis.com/clients/us/sixflags3/SEC/sec-show.aspx?Type=html&FilingId=15365946&CIK=0000701374&Index=10000

 

Remember when Q Investments saved the Cedar Fair parks?

  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...