Six Flags Entertainment – Major Governance Changes

By Tamara Parker • Sunday, October 12 17:30 • Permanent Link

Six Flags Entertainment Corporation (NYSE: FUN) has announced significant corporate governance changes, with Executive Chairman Selim Bassoul and Lead Independent Director Daniel J. Hanrahan set to step down from the board of directors. Effective January 1, 2026, Marilyn Spiegel will assume the role of non-executive chair of the board. Following these changes, the Six Flags board will comprise 10 directors.

Selim Bassoul expressed confidence in Marilyn Spiegel's leadership, noting her experience and deep understanding of hospitality and guest experience. He spoke highly of the company's achievements, including completing the industry's largest merger and being recognized as one of the best and brightest companies to work for nationwide.

Daniel J. Hanrahan reflected on his twelve-year tenure on the boards of Cedar Fair and Six Flags, expressing pride in building one of the largest and most successful regional amusement park companies globally. He expressed confidence in Six Flags' resilient business model and clear vision to optimize performance, positioning the company to deliver superior returns for shareholders and unique experiences for guests.

Following his departure from the board, Selim Bassoul will continue to support the company as a consultant, particularly in the ongoing development and completion of Six Flags Qiddiya City in Saudi Arabia, expected to open later this year.

Marilyn Spiegel, who has served on the Six Flags board since 2023, brings over 30 years of leadership experience in the gaming and hospitality industry. Her previous roles include serving as president of iconic Las Vegas resorts and president of Wynn Las Vegas.

Six Flags Entertainment Corporation, the largest regional amusement-resort operator in North America, operates 27 amusement parks, 15 water parks, and nine resort properties across 17 states in the U.S., Canada, and Mexico. The company is focused on providing fun, immersive, and memorable experiences to millions of guests every year, featuring world-class coasters, themed rides, thrilling water parks, resorts, and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics®, and Peanuts®. Following these announcements, the company's shares moved -2.67%, and are now trading at a price of $21.13. Check out the company's full 8-K submission here.

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