disco2000 Posted 18 hours ago Share Posted 18 hours ago 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 1 Quote Link to comment Share on other sites More sharing options...
DiamondbackFan Posted 16 hours ago Share Posted 16 hours ago 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 Quote Link to comment Share on other sites More sharing options...
disco2000 Posted 16 hours ago Author Share Posted 16 hours ago 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/ Quote Link to comment Share on other sites More sharing options...
Tr0y Posted 16 hours ago Share Posted 16 hours ago 12 board of directors? Seems heavy when Proctor and Gamble only has 14. Quote Link to comment Share on other sites More sharing options...
disco2000 Posted 16 hours ago Author Share Posted 16 hours ago 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.... Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted 15 hours ago Share Posted 15 hours ago 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? Quote Link to comment Share on other sites More sharing options...
disco2000 Posted 3 hours ago Author Share Posted 3 hours ago 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. Quote Link to comment Share on other sites More sharing options...
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