Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Six Flags Entertainment Corporation (the "Company") has appointed Gary Mick as Chief Financial Officer effective June 1, 2022. Mr. Mick, 61, brings 40 years of business and strategy experience, primarily in the food industry. Most recently, he was President and Chief Financial Officer of Ice-O-Matic, an Ali Group Company based in Denver, Colorado. Prior to that, he was Group President for Middleby Corporation, where he managed multiple foodservice divisions in the U.S. and Denmark. Prior to his role as Group President, he served in finance leadership roles of increasing responsibility and ultimately became President of Blodgett Ovens, a division of Middleby Corporation. Mr. Mick has a B.S. in Accounting from the University of Virginia and an M.B.A. from the University of Vermont.

In connection with Mr. Mick's appointment as Chief Financial Officer, the Company entered into an employment agreement, dated May 31, 2022, with Mr. Mick (the "Mick Employment Agreement") that provides for, among other things, a base salary of $450,000 per year and an annual bonus opportunity with a target of 90% of his base salary. On June 1, 2022, in accordance with applicable grant agreements under the Company's Long-Term Incentive Plan, Mr. Mick will be granted (i) restricted stock units of the Company with a value of $400,000, which will vest in equal installments on each of the first three anniversaries of the grant date, and (ii) performance stock units of the Company with a value of $1,200,000, which will vest in accordance with the achievement of the established performance goals. Mr. Mick will also be entitled to participate in or receive benefits under the employee benefit programs of the Company, including the Company's life, health and disability programs and relocation program, as well as to receive reimbursement of certain expenses incurred during his employment. The Mick Employment Agreement also contains provisions for separation payments and benefits upon certain types of termination of employment as well as contains customary non-competition, indemnification, confidentiality and proprietary information provisions.

The foregoing description of the Mick Employment Agreement does not purport to be complete and is qualified in its entirety by the text of the agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Stephen Purtell, who has acted as interim chief financial officer since March 28, 2022, will continue to serve as Senior Vice President, Corporate Communications, Investor Relations and Treasurer, reporting to Selim Bassoul, President and Chief Executive Officer.

Item 7.01 Regulation FD Disclosure

On May 31, 2022, the Company issued a press release announcing the appointment of Mr. Mick as Chief Financial Officer, 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

10.1 Employment Agreement, dated as of May 31, 2022, by and between Gary Mick and Six Flags Entertainment Corporation

99.1 Press Release of Six Flags Entertainment Corporation, dated May 31, 2022

104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document)

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