Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(c)Six Flags Entertainment Corporation (the "Company") has appointed Derek
Sample, 36, as Chief Accounting Officer effective September 19, 2022. Prior to
joining the Company, Mr. Sample held the position of Corporate Controller at PHI
Group, Inc, a global helicopter transportation company, from June 2021 through
September 2022. From 2016 through 2021, Mr. Sample served in roles of increasing
responsibility for Valaris, Inc., ultimately serving as its Director of
Corporate Accounting. Previously, he served as SEC Technical Reporting Manager
for Spiceworks, Inc., Manager of Financial Planning for Smart Sand, Inc., and
Manager for KPMG. Mr. Sample holds Bachelor degrees in Accounting and Economics
from Southwestern University and is a Certified Public Accountant.
In connection with his appointment, Mr. Sample will receive a base salary of
$225,000 per year and an annual bonus opportunity with a target of 50% of his
base salary. Additionally, Mr. Sample will receive a one-time signing bonus in
the amount of $24,000. On September 19, 2022, in accordance with other
applicable grant agreements under the Company's Long-Term Incentive Plan, Mr.
Sample will be granted 3,500 restricted stock units of the company, which will
vest in equal installments on each of the first three anniversaries of the grant
date. Mr. Sample is also entitled to participate in or receive benefits under
the employee benefit programs of the Company, including the Company's life,
health and disability programs, as well as to receive reimbursement of certain
expenses incurred during his employment.
Mr. Sample has no family relationships, as defined in Item 401 of Regulation
S-K, with any director or executive officer of the Company, and there are no
arrangements or understandings with any person pursuant to which he will be
selected as an officer of the Company. In addition, there have been no
transactions directly or indirectly involving Mr. Sample that would be required
to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities
Exchange Act of 1934.
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