Six Flags appoints Selim Bassoul as Executive Chairman with $1.55M base salary

Six Flags Entertainment Corporation/NEW

Base salary of $1,550,000 per year, subject to annual Board review.
Target annual bonus of 150% of base salary; $1.5M transaction bonus paid at closing.
Severance: 2x base salary plus target bonus, unpaid bonus, pro-rata bonus, health coverage for 24 months.
Equity from Former Six Flags RSUs and PSUs converted to fully vested shares or Company PSUs tied to EBITDA targets.
Merger of equals with Cedar Fair closed July 1, 2024; stock ticker remains FUN.

item 5.02

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Appointed

Selim Bassoul

Executive Chairman of the Board of Directors

FUN · Six Flags Entertainment Corporation/NEW

Effective: 2024-07-01
Filed: July 8, 2024, 7:59 PM ET

On July 1, 2024, the Company entered into an employment agreement with Selim Bassoul to serve as Executive Chairman of the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Selim Bassoul was appointed as Executive Chairman of the Board of Directors at Six Flags Entertainment Corporation/NEW.

Action: appointed
Role: Executive Chairman of the Board of Directors

Exact text from the filing

On July 1, 2024, the Company entered into an employment agreement with Selim Bassoul to serve as Executive Chairman of the Board of Directors of the Company.

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Six Flags Entertainment Corporation/NEW filing history →

Source: SEC EDGAR

accession 0001193125-24-176370

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