Six Flags nominates four new independent directors; four current directors resign

Six Flags Entertainment Corporation/NEW

Dendur Capital gets two board seats; cooperation includes standstill and voting commitments until 2027.
Four new nominees: Sandy Cochran (ex-Cracker Barrel CEO), Michael Colglazier (Virgin Galactic CEO), Felipe Dutra (ex-AB InBev CFO), Steven Hoffman (Python Global Ventures).
Four current directors to resign at 2025 annual meeting: Esi Bracey, Michelle Frymire, D. Scott Olivet, Enrique Mena.
Board stays at 12 members, 10 independent; 3 Class I directors reclassified to Class II to accommodate new directors.
Cooperation agreement also includes mutual non-disparagement and expense reimbursement provisions.

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