Six Flags Announces Nomination of Four New Independent Directors

[disco2000]

Four took the money and ran before it is run into the ground 

https://www.businesswire.com/news/home/20250310666469/en/Six-Flags-Announces-Nomination-of-Four-New-Independent-Directors#:~:text=CHARLOTTE%2C N.C.--(BUSINESS WIRE,its Board of Directors at

[DiamondbackFan]

They are being forced out.

Quote

Six Flags will add four new directors to its board at its upcoming shareholder meeting, including AB Inbev’s former M&A architect and chief cost-cutter, in a settlement that ends months of private discussions with one of its largest investors.

The changes come just eight months after the company completed its merger with Cedar Fair, which combined two of the three large standalone amusement park operators. Four new directors will stand for election at the upcoming meeting, two designated by Six Flags and two by Dendur Capital, which owns roughly 3% of Six Flags and has been privately pressuring the company for months, according to people familiar with the matter.

https://www.semafor.com/article/03/10/2025/six-flags-dendur-strike-deal-for-four-board-seats

[disco2000]

Like everything, there are always two sides.  The official press release says they decided to resign...

After successfully seeing the company through the first year post-merger, current directors Esi Eggleston Bracey, Michelle McKinney Frymire, D. Scott Olivet, and Enrique Ramirez Mena have each decided to resign from the Board in connection with the 2025 Annual Meeting. As such, the Six Flags Board will continue to comprise 12 directors, 10 of whom are independent.

https://investors.sixflags.com/news/press-releases/press-release-details/2025/Six-Flags-Announces-Nomination-of-Four-New-Independent-Directors/

 

[Tr0y]

12 board of directors? Seems heavy when Proctor and Gamble only has 14.

 

[disco2000]

But, but, but....remember when they said the new board will be composed of 12 directors, with six coming from each company......

Changes are a coming....

[BeeastFarmer]

Esi-SFL

Michelle-CFL

D.-CFL

Enrique-SFL

The four who are leaving the board are weighted equally between the legacy boards.  In that sense, the disturbance in the force shall not be maximized towards either legacy.  But the four newbies...will they steer one way or the other?  Will they be an in for a spin off or sell off to private equity down the road?

[disco2000]

Let's see, Sandy was pushed out of Cracker Barrel as their stock has tanked since 2021.

Michael has seen Virgin stock tank from a high of $1,000 per share to the current trading value of $3.  Virgin has been practically non-existent in the space domain.

Felipe hasn't seen good stock returns at current employer.

Stephen runs an investment firm.

I think Felipe and Stephen would be open to selling off to private equity.