Shareholders Elect All Three Director Nominees to the Six Flags Board
Six Flags Entertainment Corporation (NYSE:FUN), North America's largest regional amusement park operator, announced today that the Company's shareholders elected Richard Haddrill, Chieh Huang, and Marilyn Spiegel to the Board of Directors of Six Flags Entertainment Corporation for 3-year terms expiring in 2029.
Shareholders also confirmed the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm and approved an advisory vote on the compensation of the Company's named executive officers.
"On behalf of the entire Board, we thank our shareholders for their continued trust and support," said Executive Chairman Richard Haddrill. "We are pleased both Chieh Huang and Marilyn Spiegel are returning as directors for another 3-year term, as the board and executive team work collaboratively on a strategy to drive profitable growth and value creation."
About Our Newly Elected Directors
Richard Haddrill is the founder and Chief Executive Officer of The Groop, LLC, an investment and advisory company he founded in January 2018. Mr. Haddrill is also the Vice Chairman of Generator Partners, an alternative energy and home electrification company he co-founded in 2024. He previously served as Executive Vice Chairman of Scientific Games Corporation (now Light & Wonder) from December 2014 to February 2018 and as Vice Chairman from February 2018 until August 2020. Prior to that, he served as Chief Executive Officer of Bally Technologies from October 2004 to December 2012 and again from May 2014 until Bally's acquisition by Scientific Games in November 2014. He also served on Bally's board of directors from April 2003 until the acquisition, including as chairman from 2012 to 2014. He previously served as Chief Executive Officer of Manhattan Associates, Inc., beginning in October 1999 and later as Vice Chairman through May 2006. Earlier in his career, Mr. Haddrill served as Chief Executive Officer of Powerhouse Technologies, Inc. and as a Partner and Managing Partner at Ernst & Young LLP. Mr. Haddrill earned a B.S. from the University of Michigan.
Chieh Huang is the co-founder and Chief Executive Officer of Pelgo. Prior to Pelgo, he was the President of the World Economic Forum's Global Collaboration Village. Throughout his career, he has founded and led both public and private companies. Mr. Huang was the Chief Executive Officer of Astro Ape Studios, one of the first mobile social gaming studios. In 2011, Astro Ape was acquired by social gaming pioneer Zynga, and Mr. Huang later became the director of Zynga Mobile NY. More recently, Mr. Huang was co-founder and Chief Executive Officer of Boxed, Inc., where he led the company's growth from its inception and oversaw investments in technology that enabled Boxed to develop proprietary automation robotics and artificial intelligence software business. Before becoming an entrepreneur, Mr. Huang was a corporate attorney at Proskauer. Mr. Huang is active with several non-profit organizations and serves as an advisory team member of McLaren Racing, with entries in Formula 1, IndyCar and WEC. He received his B.A. in economics at The Johns Hopkins University and holds a J.D. from Fordham School of Law.
Marilyn Spiegel has more than 30 years of experience in the gaming and hospitality industry, including as president of iconic Las Vegas resorts. She served as President of Wynn Las Vegas from December 2010 until her retirement in February 2013 and later returned to serve again as President from January 2019 to September 2021. Prior to her Wynn Las Vegas, from August 2006 to November 2010 Ms. Spiegel served as President of several Harrah's Entertainment hotel and casino properties, including Bally's and Paris Las Vegas. In January 2010, her responsibilities expanded to include Planet Hollywood following its acquisition by Harrah's. Previously, she was the President of Harrah's Las Vegas & Rio All-Suite Hotel & Casino from January 2004 to July 2006, after having served as the Senior Vice President of Human Resources of Harrah's Entertainment, now Caesars Entertainment, from June 1999 to December 2003. Ms. Spiegel serves on the board of Invited Clubs, the largest owner and operator of private golf and country clubs in the country. She has also been a member of the board of advisors for Nicholas & Company since 2015 and serves as executive secretary and a board member of Catholic Charities of Southern Nevada and as a board member of the Thomas Spiegel Family Foundation. Ms. Spiegel has a B.A. in marketing and an M.A. degree in education from the University of Utah.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation (NYSE:FUN) is North America's largest regional amusement-resort operator, with 20 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada, and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of creating FUN, thrills and a lifetime of memories, Six Flags provides immersive entertainment to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.
Forward-Looking Statements
Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as "anticipate," "believe," "create," "expect," "future," "guidance," "intend," "plan," "potential," "seek," "synergies," "target," "will," "would," similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; failure to realize the expected amount and timing of benefits related to the sale of parks and undeveloped land; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company's operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Company; acts of terrorism or outbreak or escalation of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading "Risk Factors" within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release.
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Investor Contact: Michael Russell, IR@sixflags.com