secwatch.observer — SEC 8-K summary
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Issuer:     Six Flags Entertainment Corporation/NEW (FUN)
CIK:        0001999001
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001193125-24-237673
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Six Flags enters new employment agreements with five top executives post-merger
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- CEO Richard Zimmerman: $1.1M base, 150% bonus target, initial PSU target of 163,116 shares.
- CFO Brian Witherow: $670k base, 100% bonus target, PSU target of 52,773 shares.
- COO Tim Fisher, CLO Brian Nurse, CHRO Monica Sauls receive base salaries of $750k, $600k, $440k respectively.
- PSUs vest based on Adjusted EBITDA performance through Dec 31, 2026; payout range 0-200% of target.
- Severance: CEO gets 3x base+bonus for certain terminations; other officers get 2.5x base+bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1999001/000119312524237673/0001193125-24-237673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1999001/000119312524237673/d875272d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-237673

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