Six Flags Entertainment Corporation (NYSE: FUN) has appointed Jonathan Brudnick, a partner at Sachem Head Capital, to its board of directors. Brudnick will serve as a Class III director for the term ending in 2027 and as a member of the board’s nominating and corporate governance committee. His appointment comes as Selim Bassoul, executive chairman, and Daniel J. Hanrahan, lead independent director, are set to step down from the board effective December 31, 2025. With Brudnick's addition, the Six Flags board will expand from 12 to 13 directors, 11 of whom are independent.
In connection with Brudnick’s appointment, the company has entered into a cooperation agreement with Sachem Head, which includes standstill, voting, and confidentiality commitments, among other provisions. Details of the cooperation agreement will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.
Brudnick brings significant capital markets and transaction experience to the board, and his appointment is expected to advance the board’s ongoing refreshment process. His perspective is seen as being additive to the board as the company enters its next chapter of growth and value creation.
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 provides fun, immersive, and memorable experiences to millions of guests every year, featuring world-class coasters, themed rides, and beloved intellectual property such as Looney Tunes®, DC Comics®, and Peanuts®. As a result of these announcements, the company's shares have moved 3.2% on the market, and are now trading at a price of $21.26. Check out the company's full 8-K submission here.
