Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On August 4, 2020, Six Flags Entertainment Corporation (the "Company") appointed
Esi Eggleston Bracey and Enrique Ramirez to serve as directors of the Company,
effective August 5, 2020, until the Company's 2021 annual meeting of
stockholders or until their successors are elected. The size of the Company's
Board of Directors (the "Board") was increased from seven to nine directors. The
Board has determined that Ms. Bracey and Mr. Ramirez are each independent under
the New York Stock Exchange rules. As of the date of this filing, the Board has
not determined the committees of the Board on which Ms. Bracey and Mr.
Ramirez will serve. In connection with their appointment to the Board, on August
5, 2020, Ms. Bracey and Mr. Ramirez were each granted 6,976 shares of restricted
stock of the Company under the Company's Long-Term Incentive Plan. The terms of
this restricted stock, as well as the terms of their other compensation for
service as a director, are consistent with the restricted stock and other
compensation for the Company's other non-employee directors, as described in the
proxy statement for the Company's 2020 annual meeting of stockholders.
Also, on August 4, 2020, Richard Roedel and Kurt Cellar, each a member of the
Board since 2010, advised the Company of their intention to retire from the
Board at the Company's 2021 annual meeting of stockholders and that they
will not stand for re-election at that meeting. There are no disagreements
between Mr. Roedel or Mr. Cellar and the Company or its management on any
matters relating to the Company's operations, policies or practices.
Item 8.01Other Events
On August 5, 2020 the Company issued a press release announcing the addition of
the new directors to the Board, a copy of which is furnished as Exhibit 99.1 to
this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release of Six Flags Entertainment Corporation, dated August 5,
2020
104 Cover Page Interactive Data File (cover page XBRL tags are embedded within
the Inline XBRL document)
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