secwatch.observer — SEC 8-K summary
======================================

Issuer:     Six Flags Entertainment Corporation/NEW (FUN)
CIK:        0001999001
Form:       8-K
Filed at:   2024-07-08T23:59:59+00:00
Accession:  0001193125-24-176370
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1999001/000119312524176370/0001193125-24-176370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1999001/000119312524176370/d113645d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-176370

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer