United Parks & Resorts stockholders approve $500M share repurchase program

United Parks & Resorts Inc.

Stockholders approved a new $500M share repurchase authorization; approval required majority of disinterested stockholders.
11,774,368 votes in favor (50.51% of disinterested shares outstanding, 70.05% of disinterested shares voted).
Nomura's holdings clarification reduced excluded shares from 4.42M to 531k, implying 57.59% disinterested support.
No time limit on program; can be suspended anytime; no repurchases if Hill Path ownership would exceed 70%.
Company cites strong balance sheet and significant free cash flow generation as basis for program.

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