Section 5.02 Departure of Certain Directors or Officers; Election of Directors; Appointment of Certain Officers; Compensation Plans for Certain Officers
Turn on January 31, 2023The Board of Directors (“Board”) of Six Flags Entertainment Corporation (“Company”), at the suggestion of
Nomination and Good Governance Committee of the Board, increased the size of the Board from six to seven members.
Turn on January 31, 2023Appointed board Marilyn G. Spiegel to serve as an independent director of the Company, effectively January 31, 2023until the 2023 annual meeting of shareholders or until his successor is elected.
Miss Spiegel’s appointments to Board committees, if any, have not been determined as of the date of this Current Report.
Miss Spiegel will participate in the Company’s non-employee director compensation plan for his service on the Board as set forth in the proxy statement for the Company’s 2022 annual meeting of shareholders. In relation to his appointment to the Board, Miss Spiegel will be granted an annual stock reserve of restricted stock units (“RSUs”) pursuant to the Company’s Long-Term Incentive Plan, the amount of which will be prorated to reflect his portion of the year of Board service. The number of shares of common stock resulting from such RSUs will be determined by apportionment $54,795 at the closing price of the Company’s common stock on January 31, 2023. RSUs will vest one year from the date of grant.
The board has decided so Miss Spiegel is independent under New York Stock Exchange principle. There are no related party transactions between the Company and Miss Spiegel which would require disclosure under Section 404(a) of Regulation SK.
Item 7.01 FD Regulatory Disclosure
Turn on January 31, 2023The company released a press release to announce the increase in the size of the Board and the appointment of Miss Spiegela copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
This statement shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth by specific reference in such filing.
Section 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Six Flags Entertainment Corporationthe date
January 31, 2023
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