{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-021629","form_type":"8-K","ticker":"PRKS","cik":"0001564902","company_name":"United Parks & Resorts Inc.","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.638477+00:00","generated_at":"2026-06-05T08:48:47.655452+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"United Parks reports Q4 net income $40.1M; proposes $500M buyback subject to non-Hill Path vote","bullets":["Q4 attendance record 5.0M guests; total revenue $389.0M (-0.4% YoY); net income $40.1M (-$9.0M).","FY2023 revenue $1,726.6M, net income $234.2M (-19.6% YoY); Adj. EBITDA $713.5M (-2.0%).","Total revenue per capita record $79.91 (+1.3%); in-park per capita record $35.75 (+2.4%).","Board proposes $500M share buyback authorization, contingent on non-Hill Path shareholder approval.","Amended Stockholders Agreement with Hill Path requires disinterested stockholder approval for future acquisitions and certain related-party transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-021629","json":"https://secwatch.observer/filing/0000950170-24-021629.json","markdown":"https://secwatch.observer/filing/0000950170-24-021629.md","text":"https://secwatch.observer/filing/0000950170-24-021629.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/prks-20240228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T08:48:47.655452+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2a9c2c0d577cd4d5b86b52ad8abc9e424dbb1e9f","claim":"United Parks & Resorts Inc. reported fiscal year ended December 31, 2023 results: revenue $1,726.6 million, net income $234.2 million.","evidence_excerpt":"from the fourth quarter of 2022. Fiscal 2023 Highlights • Attendance was 21.6 million guests, a decrease of 0.3 million guests or 1.5% from fiscal 2022. • Total revenue was $1,726.6 million, a decrease of $4.7 million or 0.3% from fiscal 2022. • Net income was $234.2 million, a decrease of $57.0 million or 19.6% from fiscal 2022. • Adjusted EBITDA was $713.5","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$1,726.6 million"},{"label":"Net income","value":"$234.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cbe245f0e858d99275fdabfb2afa754dd8684fe3","claim":"United Parks & Resorts Inc. reported fourth quarter ended December 31, 2023 results: revenue $389.0 million, net income $40.1 million.","evidence_excerpt":"Fourth Quarter 2023 Highlights • Attendance was a record 5.0 million guests, an increase of approximately 23,000 guests from the fourth quarter of 2022. • Total revenue was $389.0 million, a decrease of $1.6 million or 0.4% from the fourth quarter of 2022. • Net income was $40.1 million, a decrease of $9.0 million from the fourth quarter of 2022. • Adjusted EBITDA","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$389.0 million"},{"label":"Net income","value":"$40.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c493e9fc4236b27a59ca2d8a760b6411b24b48d7","claim":"United Parks & Resorts Inc. entered into First Amendment to Stockholders Agreement with Hill Path Capital LP valued at Amends voting and approval provisions; requires Special Committee and Disinterested Stockholder Appr (effective 2024-02-27).","evidence_excerpt":"On February 27, 2024, United Parks & Resorts Inc. (the “Company”) and Hill Path Capital LP (“Hill Path”) entered into the First Amendment (the “Amendment”) to the Stockholders Agreement, dated as of May 27, 2019","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024021629/0000950170-24-021629-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Hill Path Capital LP"},{"label":"Value","value":"Amends voting and approval provisions; requires Special Committee and Disinterested Stockholder Appr"},{"label":"Effective","value":"2024-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}