UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported) June 13, 2022
Six Flags Entertainment Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-13703 |
| 13-3995059 |
(Commission File Number) |
| (IRS Employer Identification No.) |
1000 Ballpark Way Suite 400 |
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Arlington, Texas |
| 76011 |
(Address of principal executive offices) |
| (Zip Code) |
(972) 595-5000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
| Trading Symbol(s) |
| Name of each exchange on which registered |
Common stock, $0.025 par value per share | SIX | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Six Flags Entertainment Corporation (the “Company”) has appointed Aimee Williams-Ramey as Chief Legal Officer and Corporate Secretary effective June 13, 2022. Prior to joining Six Flags, she was Senior Vice President and General Counsel at Sabre Corporation, a leading technology provider to the global travel industry, where she served in various leadership positions with increasing responsibilities before assuming the General Counsel role in 2017. From 2013 to 2016, Ms. Williams-Ramey served as a regulator with the Financial Industry Regulatory Authority (FINRA), where she was the Regional Chief Counsel for the west region of the United States. Before joining FINRA, Ms. Williams-Ramey was in private practice with several high-profile law firms, where she handled a diverse range of complex legal and regulatory matters, including commercial litigation, securities litigation and enforcement actions, investigations, and corporate governance matters. From 1999 to 2000, she was a judicial clerk for the Honorable Henry A. Politz at the US Court of Appeals, Fifth Judicial Circuit. She also worked as an auditor for Deloitte before entering the legal field. Ms. Williams-Ramey has a Juris Doctor, summa cum laude, from Southern Methodist University School of Law, and a Bachelor of Accountancy, also summa cum laude, from the University of Oklahoma.
In connection with Ms. Williams-Ramey appointment as Chief Legal Officer and Corporate Secretary, the Company entered into an employment agreement, dated June 13, 2022, with Ms. Williams-Ramey (the “Williams-Ramey Employment Agreement”) that provides for, among other things, a base salary of $350,000 per year and an annual bonus opportunity with a target of 90% of her base salary. On June 13, 2022, in accordance with applicable grant agreements under the Company’s Long-Term Incentive Plan, Ms. Williams-Ramey will be granted (i) a sign-on grant of 10,000 restricted stock units of the Company, which will vest over three years, with 25% vesting on each of the first two anniversaries of the grant date and 50% vesting on the third anniversary of the grant date; (ii) a grant of restricted stock units of the Company with a value of $202,200, which will vest in equal installments on each of the first three anniversaries of the grant date, and (iii) performance stock units of the Company with a value of $808,800, which will vest in accordance with the achievement of the established performance goals. Ms. Williams-Ramey will also be entitled to participate in or receive benefits under the employee benefit programs of the Company, including the Company’s life, health and disability programs and relocation program, as well as to receive reimbursement of certain expenses incurred during her employment. The Williams-Ramey Employment Agreement also contains provisions for separation payments and benefits upon certain types of termination of employment as well as contains customary non-competition, indemnification, confidentiality and proprietary information provisions.
The foregoing description of the Williams-Ramey Employment Agreement does not purport to be complete and is qualified in its entirety by the text of the agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 7.01 Regulation FD Disclosure
On June 13, 2022, the Company issued a press release announcing its promotion of diversity and inclusion through key leadership appointments, including the appointment of Ms. Williams-Ramey as Chief Legal Officer and Corporate Secretary, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
10.1 Employment Agreement, dated as of June 13, 2022, by and between Aimee Williams-Ramey and Six Flags Entertainment Corporation
99.1 Press Release of Six Flags Entertainment Corporation, dated June 13, 2022
104 Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SIX FLAGS ENTERTAINMENT CORPORATION | ||
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| By: | /s/ Christopher Neumann | |
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| Name: | Christopher Neumann |
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| Title: | Vice President, Legal |
Da |
Date: June 13, 2022
XBRL-Only Content Section
EMPLOYMENT AGREEMENT
This Employment Agreement (the “Agreement”), dated as of June 13, 2022, is entered into by and between Six Flags Entertainment Corporation, a Delaware corporation (the “Company”) and Aimee Williams-Ramey (the “Executive”).
W I T N E S S E T H:
WHEREAS, the Company desires to employ the Executive on the terms and conditions set forth herein; and
WHEREAS, the Executive desires to be employed by the Company on such terms and conditions.
NOW, THEREFORE, in consideration of the mutual covenants, promises, and obligations set forth in herein, the parties hereby agree as follows:
Items 4(a)(i) through 4(a)(iv) are referred to herein collectively as the “Accrued Amounts”.
(iii) If the Executive’s employment is terminated during the Term on account of the Executive’s Disability, the Executive shall be entitled to receive payment of an amount equal to the product of one (1) and the sum of Executive’s Base Salary and Target Bonus for the year of termination, such amount to be paid in a lump sum as soon as practicable after the Termination Date, but no later than the earliest time permitted under Section 4(e) and Section 21.
The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Cause or Good Reason shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company thereafter from asserting such fact or circumstance within a period of six (6) months from the Termination Date in order to enforce the Executive’s or the Company’s otherwise applicable rights hereunder.
Notwithstanding anything contained herein, the Termination Date shall not occur until the date on which the Executive incurs a “separation from service” within the meaning of Section 409A
If to the Company: | Six Flags Entertainment Corporation |
Attention: | Vice President, HR, Compensation and Benefits |
If to Executive: | At the Executive’s last residence shown |
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, Executive and the Company have caused this Agreement to be executed as of the date first above written.
EXECUTIVE
/s/ Aimee Williams-Ramey
Aimee Williams-Ramey
SIX FLAGS ENTERTAINMENT CORPORATION
By: /s/ Reyna Sanchez
Reyna Sanchez
Vice President, HR, Compensation and Benefits
Confidential Separation Agreement and General Release
Aimee Williams-Ramey (“Executive” and referred to herein as “you”) and Six Flags Entertainment Corporation, a Delaware corporation (the “Company”), hereby knowingly and voluntarily agree to enter into this Confidential Separation Agreement and General Release (“Agreement”) which sets forth the terms agreed to in connection with the termination of your employment with the Company. You and the Company are referred to herein as the “Parties” or individually as a “Party”.
1.Termination Benefits.
(a)Your employment with the Company as Chief Legal Officer and Corporate Secretary will terminate effective as of [DATE] (the “Termination Date”), and as of the Termination Date, you will be deemed to have immediately resigned without the requirement of any additional action, from all other positions you held with the Company and its Affiliates.
(b) In exchange for your waiver of claims against the Released Persons (as defined below) and compliance with the other terms and conditions of this Agreement, upon the Effective Date (as defined below), the Company agrees to provide you with the payments and benefits provided in Section 4 of your employment agreement with the Company, effective June 13, 2022 (the “Employment Agreement”), in accordance with the terms and conditions of the Employment Agreement, which shall consist of, for the avoidance of doubt, the payments and benefits set forth on Exhibit A attached hereto.
(c)You acknowledge that the arrangements, payments, and benefits described in this Agreement are in lieu of and in full satisfaction of any amounts that might otherwise be payable to you under any agreement, contract, understanding, plan, policy or practice, past or present, of the Company and/or any of its affiliates, including without limitation any offer letters, employment agreements, or other agreements you may have received or entered into with respect to your employment with the Company. You acknowledge and agree that you have received payment for all salary, wages, bonuses, and other compensation and you are not due anything further except as specified in this Agreement. Except as expressly set forth herein, you shall not be eligible to participate or continue to participate in any employee benefit plans or compensation arrangements of the Company or any of its affiliates subsequent to the Separation Date, including but not limited to any bonus or incentive compensation, notice pay, or severance pay, except as specifically allowed by such benefit plans or pursuant to COBRA.
2.General Release and Waiver of Claims.
(a)In consideration for the payments and benefits to be provided to you pursuant to Section 1(b) above, you, for yourself and for your heirs, executors, administrators, trustees, legal representatives and assigns (hereinafter referred to collectively as “Releasors”), forever release and discharge the Company and its subsidiaries, divisions, affiliates and related business entities, successors and assigns, and any of its or their respective directors, officers, fiduciaries, agents, trustees, administrators, employees and assigns (in each case, in their capacity as such) (collectively the “Released Persons”) from any and all claims, suits, demands, causes of
action, covenants, obligations, debts, costs, expenses, fees and liabilities of any kind whatsoever in law or equity, by statute or otherwise, whether known or unknown, vested or contingent, suspected or unsuspected and whether or not concealed or hidden (collectively, the “Claims”), which you have had, now have, or may have against any of the Released Persons by reason of any act, omission, transaction, practice, plan, policy, procedure, conduct, occurrence, or other matter arising up to and including the Separation Date, except as provided in subsection (c) below.
(b)Without limiting the generality of the foregoing, this Agreement is intended to and shall release the Released Persons from any and all such claims, whether known or unknown, which you have had, now have, or may have against the Released Persons arising out of your employment or termination thereof, including, but not limited to:
(i) any claim under the Age Discrimination in Employment Act (as amended by the Older Workers’ Benefit Protection Act), Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Genetic Information Nondiscrimination Act, the Employee Retirement Income Security Act of 1974 (excluding claims for accrued, vested benefits under any employee benefit or pension plan of the Released Persons subject to the terms and conditions of such plan and applicable law), the Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act of 1988, the Fair Labor Standards Act of 1938, the Fair Credit Reporting Act, the Uniform Services Employment and Reemployment Rights Act, the National Labor Relations Act, the Immigration Reform and Control Act, the Texas Labor Code, the Texas Payday Law, the Texas Anti-Retaliation Act, the Texas Commission on Human Rights Act and the Texas Whistleblower Act, in each case as amended;
(ii) any and all claims for compensation of any type whatsoever, including but not limited to claims for salary, wages, bonuses, commissions, incentive compensation, vacation, sick pay, severance, and other compensation that may be legally waived and released;
(iii) any and all claims arising under tort, contract, and quasi-contract law, including but not limited to claims of breach of contract, tortious interference, breach of duty, personal injury or any other harm, wrongful or retaliatory discharge, fraud, defamation, and negligent or intentional infliction of emotional distress; and
(iv) any and all claims for monetary or equitable relief, including but not limited to attorneys’ fees, back pay, front pay, reinstatement, experts’ fees, medical expenses, costs and disbursements, punitive and liquidated damages, and penalties.
(c)Notwithstanding the foregoing, nothing in this Agreement shall be a waiver of claims: (i) that arise after the Separation Date, including, without limitation, such claims related to any equity award held by you; (ii) to enforce this Agreement and/or for the payments or benefits required to be provided under Section 4 of the Employment Agreement; (iii) regarding rights of indemnification and receipt of legal fees and expenses to which you are entitled under the Employment Agreement, the Company’s or a subsidiary of the Company’s Certificate of Incorporation or By-laws (or similar instrument), pursuant to any separate writing between you and the Company or any subsidiary of the Company or pursuant to applicable law; or (iv) relating
to any claims for accrued, vested benefits under any employee benefit plan or retirement plan of the Released Persons subject to the terms and conditions of such plan and applicable law (excluding any severance or termination pay plan, program or arrangement, claims to which are specifically waived hereunder).
(d)In signing this Agreement, you acknowledge that you intend that this Agreement shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. You expressly consent that this Agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown, unsuspected or unanticipated Claims, if any, as well as those relating to any other Claims hereinabove mentioned or implied.
3.Specific Release of ADEA Claims.
(a)You acknowledge that you are waiving and releasing claims under the Age Discrimination in Employment Act, as amended by the Older Workers’ Benefit Protection Act. Your further acknowledge that you: (i) have carefully read this Agreement in its entirety; (ii) have had an opportunity to consider for at least [twenty-one (21)] [forty-five (45)] days the terms of this Agreement; (iii) are hereby advised by the Company in writing to consult with an attorney of your choice in connection with this Agreement; (iv) fully understand the significance of all of the terms and conditions of this Agreement and have discussed them with your independent legal counsel, or have had a reasonable opportunity to do so; (v) have had answered to your satisfaction by your independent legal counsel any questions you have asked with regard to the meaning and significance of any of the provisions of this Agreement; and (vi) are signing this Agreement voluntarily and of your own free will and agree to abide by all the terms and conditions contained herein.
(b)You understand that you will have at least [twenty-one (21)] [forty-five (45)] days from the date of receipt of this Agreement to consider the terms and conditions of this Agreement. You may accept this Agreement by signing it and returning it to the Company’s Vice President, Compensation and Benefits at the address specified pursuant to Section 15 of the Employment Agreement. After executing this Agreement, you shall have seven (7) days (the “Revocation Period”) to revoke this Agreement (other than Section 1(a) above) by indicating your desire to do so in writing delivered to the Vice President, Compensation and Benefits at the address above by no later than 5:00 p.m. Central Standard Time on the seventh (7th) day after the date you sign this Agreement. This Agreement shall not become effective until the eighth (8th) day after you sign this Agreement (the “Effective Date”), provided you do not revoke your consent during the Revocation Period. If the last day of the Revocation Period falls on a Saturday, Sunday or holiday, the last day of the Revocation Period will be deemed to be the next business day. In the event you do not accept this Agreement as set forth above, or in the event you revoke this Agreement during the Revocation Period, this Agreement (other than Section 1(a) above), including but not limited to the obligation of the Company to provide the payments and benefits provided in Section 1(b) above, shall be deemed automatically null and void. You hereby acknowledge and agree that Section 1(a) shall take immediate and irrevocable effect as of the Separation Date, regardless of whether you invoke your right to revoke this Agreement in accordance with this Section 3.
4.Administrative Charges and Complaints. You understand that nothing in this Agreement limits your ability to file a charge or complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission or any other federal, state or local governmental agency or commission (“Government Agencies”). You further understand this Agreement does not limit your ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. Further, you understand that claims challenging the validity of this Agreement under the Age Discrimination Employment Act as amended by the Older Workers’ Benefit Protection Act are not released. While this Agreement does not limit your right to receive an award for information provided to the Securities and Exchange Commission, you understand and agree that, to the maximum extent permitted by law, you are otherwise waiving any and all rights you may have to individual relief based on any claims that you have released and any rights you have waived by signing this Agreement.
5.Company Property; Intellectual Property.
(a) Return of Company Property. Unless otherwise provided for herein, you acknowledge and agree that all Company-owned or leased property, documents, records, and files (electronic, paper or otherwise), software, equipment, and other physical property, including but not limited to mobile phones, laptops, tablets, access cards, ID cards, keys, computers, hardware, databases, and all items containing proprietary and/or Confidential Information of the Company (defined below), that you have received, acquired, or which have come into your possession or been produced by or to you in connection with your employment (collectively, “Company Property”), have been and remain the sole property of the Company. You agree to conduct a thorough and diligent search and return to the Company all such tangible Company Property within five (5) business days of your receipt of this Agreement. You further agree to conduct a thorough search for, and permanently and irrevocably delete, any intangible Company Property which exists or is stored in any e-mail account, in any cloud account, or on any computer, laptop, tablet, mobile device, or other electronic device which is accessible, possessed, controlled or owned by you.
(b) Assignment of Rights to Intellectual Property. You agree to promptly disclose in writing to the Company all inventions, discoveries, developments, improvements and innovations that you have conceived or made during your employment (collectively referred to as “Company Inventions”); provided, however, that in this context, Company Inventions are limited to those which (i) relate in any manner to the existing or contemplated business or research activities of the Company, or any of its affiliates or subsidiaries; (ii) are suggested by or result from your work at the Company; or (iii) result from the use of the time, materials or facilities of any member or affiliate of the Company. You assign and agree to assign to the Company your full right, title, and interest in and to all Company Inventions, and further agree to execute any and all applications for domestic and foreign patents, copyrights, or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance or confirmation) that may be requested to assign Company Inventions to the Company or its designee and/or to permit the Company or its designee to enforce any patent, copyrights, or other proprietary rights to the Company Inventions. You acknowledge and agree you will not charge the Company for any time, expense, or resources spent in complying with these obligations,
and that any copyrightable Company Inventions that you created during your employment shall be considered “works made for hire” and shall, upon creation, be owned by the Company.
6.Non-Disclosure. You agree to keep this Agreement, the terms and provisions of this Agreement, and any discussions and negotiations leading up to and in connection with this Agreement, strictly confidential. Notwithstanding the foregoing, you may make appropriate disclosures (i) to your immediate family and your legal, tax and/or financial advisor, (ii) for the filing of income tax returns or required financial disclosures, or (iii) as may be required by law or in any proceeding to enforce this Agreement. You agree to require such person(s) to whom you disclose any such information to maintain its confidentiality, and any breach by such person(s) of this non-disclosure requirements shall be deemed a breach by you of this Agreement. The Company shall reveal this Agreement, and any discussions and negotiations leading up to and in connection with this Agreement, only to those with a business need to know. Nothing in this paragraph or this Agreement shall affect or interfere with any rights you may have under Section 7 of the National Labor Relations Act.
7.No Admission of Liability. This Agreement is not intended, and shall not be construed, as an admission that any of the Released Persons has violated any federal, state or local law (statutory or decisional), ordinance or regulation, breached any contract or committed any wrong whatsoever against you.
8.Validity and Enforcement.
(a)Capitalized terms in this Agreement (including any exhibits attached hereto) that are not defined in this Agreement shall have the meaning ascribed to such terms in the Employment Agreement.
(b)Should any provision of this Agreement require interpretation or construction, it is agreed by the parties that the entity interpreting or constructing this Agreement shall not apply a presumption against one party by reason of the rule of construction that a document is to be construed more strictly against the party who prepared the document.
(c)You represent and warrant that you have not assigned or transferred to any person or entity any of my rights which are or could be covered by this Agreement, including but not limited to the waivers and releases contained in this Agreement.
(d)This Agreement is binding upon, and shall inure to the benefit of, the parties and their respective heirs, executors, administrators, successors and assigns.
8.Continuing Obligations. You acknowledge that the terms and obligations set forth in Sections 5 through 9 of the Employment Agreement survive the termination of your employment and you agree to continue to comply with those terms and obligations. Those Restrictive Covenants and/or obligations that come into effect upon the last day of your employment with the Company shall begin on the Separation Date.
9.Section 409A. This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), including the exceptions thereto, and shall be construed and administered in accordance with such intent and may be modified to
satisfy Section 409A. To the extent that any provision hereof is modified in order to comply with Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the parties of the applicable provision without violating the provisions of Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. Any payments to be made under this Agreement upon termination of employment shall only be made upon “separation from service” under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest, or other expenses that you may incur on account of non-compliance with Section 409A.
10. Tax Treatment. The Company makes no commitment or guarantee to you that any federal, state, local, or other tax treatment will (or will not) apply or be available to you and assumes no liability whatsoever for any potential tax consequences (including any penalties or interest related thereto) to you.
11. Governing Law. Any dispute regarding this Agreement shall be subject to Texas law without reference to its choice of law provisions. You agree to reimburse the Company for out-of-pocket costs and expense reasonably incurred by in connection with enforcing this Agreement (including attorney’s fees) with respect to each claim on which the Company substantially prevails.
12. Entire Agreement and Modifications. This Agreement (i) constitutes the entire agreement between the Parties regarding the termination of your employment; (ii) survives the termination of your employment; and (iii) supersedes and cancels all prior and contemporaneous written and oral agreements, if any. You affirm that by entering into this Agreement you are not relying upon any other oral or written promise or statement made by anyone at any time on behalf of the Company. This Agreement may not be amended, altered or modified other than in a writing signed by you and an authorized representative of the Company.
13. Acknowledgment. You warrant that you are fully competent to enter into this
Agreement. You acknowledge that you have been afforded a reasonable period of time and
opportunity to review this Agreement with an attorney of your choice. You represent that you have read this Agreement, including the Release, that you fully understand the terms, and that you choose to enter into this Agreement freely, voluntarily, and without coercion.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, you and the Company have caused this Agreement to be executed as of the date set forth below, so long as the execution date is on or after [DATE].
EXECUTIVE
Aimee Williams-Ramey
Date:
SIX FLAGS ENTERTAINMENT CORPORATION
By:
Its:
Date:
Exhibit 99.1
Contact: Stephen Purtell Senior Vice President Corporate Communications, Investor Relations and Treasurer +1-972-595-5180 investors@sftp.com |
Six Flags Promotes Diversity & Inclusion Through Key Leadership Appointments
ARLINGTON, Texas — June 13, 2022 — Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that it has made several key leadership appointments that serve to demonstrate the company’s commitment to diversity & inclusion. Six Flags is proud to announce the promotion of Sharon Parker to Park President of Six Flags Over Texas and Dameon Nelson to General Manager of Six Flags Discovery Kingdom. Ms. Parker is the company’s first Black female Park President, and Mr. Nelson is Six Flags Discovery Kingdom’s first Black General Manager. In addition, the company has appointed Aimee Williams-Ramey as Chief Legal Officer and Corporate Secretary, effective June 13, 2022.
Diversity, equity and inclusion are central to Six Flags’ values. As a first-generation immigrant, Selim Bassoul, President and CEO, is creating a leadership team that represents the diversity of the company’s different markets within the U.S. and internationally.
“We, as a company, need to reflect on the society we serve, and creating opportunities for everyone is critical to our success,” said Bassoul. “Diverse work teams outperform nondiverse work teams. Today, high-performing and highly qualified women and Black team members are breaking the glass ceiling at Six Flags, and they have earned it. I feel proud of the diversity and inclusion gains we have made throughout the company.”
“We support an environment in which every team member and guest is valued, respected, and heard, regardless of race, color, religion, sex, national origin or ancestry, creed, age or sexual orientation. We are proud to be recognized as a Forbes 2022 Best Employer for Diversity,” continued Bassoul. “While we are proud of our early progress, our efforts are ongoing; we will continue to focus on actions that have a meaningful impact.”
In 2022, Six Flags will continue to aggressively focus on five key areas to help advance and improve the company’s diversity and inclusion efforts. These key areas include listening, training, addressing unconscious biases, building a diverse team, and partnering with communities.
To improve the company’s ability to listen to the many different populations that work at Six Flags, the company created a Diversity and Inclusion Committee, chaired by Vice President of Human Resources, Reyna Sanchez. Six Flags has made great strides in its diversity and inclusion efforts by training its team members to identify and understand their unconscious biases. In addition, Six Flags has contributed more than $8 million in ticket value, service efforts, and cash donations dedicated to equality and the socio-economic advancement of people of color. The contribution further validates the company’s commitment to diversity and inclusion.
Exhibit 99.1
About Williams-Ramey
Williams-Ramey, 49, most recently was Senior Vice President and General Counsel at Sabre Corporation, a leading technology provider to the global travel industry, where she served in various leadership positions with increasing responsibilities before assuming the General Counsel role in 2017. From 2013 to 2016, Ms. Williams-Ramey served as a regulator with the Financial Industry Regulatory Authority (FINRA), where she was the Regional Chief Counsel for the west region of the United States. Before joining FINRA, Ms. Williams-Ramey was in private practice with several high-profile law firms, where she handled a diverse range of complex legal and regulatory matters, including commercial litigation, securities litigation and enforcement actions, investigations, and corporate governance matters. From 1999 to 2000, she was a judicial clerk for the Honorable Henry A. Politz at the US Court of Appeals, Fifth Judicial Circuit. She also worked as an auditor for Deloitte before entering the legal field. Ms. Williams-Ramey has a Juris Doctor, summa cum laude, from Southern Methodist University School of Law, and a Bachelor of Accountancy, also summa cum laude, from the University of Oklahoma.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company with 27 parks across the United States, Mexico and Canada. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. For more information, visit www.sixflags.com.