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Six Flags Entertainment Corporation (ticker: FUN) is North America's largest regional amusement-resort operator, managing a portfolio of amusement parks, water parks, and resorts across the United States, Canada, and Mexico. The company provides family-oriented entertainment experiences featuring thrilling rides, themed attractions, and live entertainment. It leverages iconic intellectual properties such as Looney Tunes®, DC Comics®, and PEANUTS® to enhance guest engagement and deliver memorable experiences.
- Admissions - Generates revenue from ticket sales for park entry, parking fees, and online transaction fees.
- Food, Merchandise, and Games - Offers food, merchandise, and games both inside and outside the parks.
- Accommodations, Extra-Charge Products, and Other - Includes premium offerings such as resort stays, front-of-line products, sponsorships, and international agreements.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Richard Zimmerman ExecutiveBoard | President and Chief Executive Officer (CEO) | Senior Advisor at Velocity Capital Management | Richard Zimmerman has been the President and CEO of FUN since January 2018. He has also served as a board member since April 2019 and holds an additional external role as Senior Advisor at Velocity Capital Management. | View Report → |
Selim Bassoul ExecutiveBoard | Executive Chairman of the Board | 1847 Goedeker Corporation; Confluence Outdoor; Piper Aircraft, Inc.; Scientific Protein Laboratories LLC | Selim Bassoul is the Executive Chairman of the Board at FUN since July 2024. He previously served as President and CEO of Former Six Flags from November 2021 to June 2024 and held board leadership roles prior to that. | |
Brian Nurse Executive | Chief Legal & Compliance Officer and Corporate Secretary | Brian Nurse is Chief Legal & Compliance Officer and Corporate Secretary at FUN since July 1, 2024 , and previously served as Executive Vice President, Chief Legal Officer, and Secretary at Cedar Fair from November 2021. | ||
Brian Witherow Executive | Chief Financial Officer | Brian Witherow is the Chief Financial Officer of FUN since January 2012. He previously served at Cedar Fair in key roles, joining as Corporate Director of Investor Relations in 1995, promoted to Corporate Treasurer in 2004, and then Vice President and Corporate Controller in 2005. | ||
Christian Dieckmann Executive | Chief Strategy Officer | Christian Dieckmann serves as the Chief Strategy Officer of Six Flags Entertainment Corporation (FUN) since July 1, 2024, and previously served as Cedar Fair's Chief Strategy Officer starting in 2023. | ||
David Hoffman Executive | Senior Vice President, Chief Accounting Officer | David Hoffman is the Chief Accounting Officer and Senior Vice President at FUN since July 1, 2024 ; he previously served as Senior Vice President and Chief Accounting Officer at Cedar Fair from 2012 until the merger in 2024. | ||
Monica Sauls Executive | Senior Vice President, Chief Human Resources, People & Culture Officer | Monica Sauls is the current Senior Vice President, Chief Human Resources, People & Culture Officer at FUN since July 1, 2024. Previously, she served as Senior Vice President and Chief Human Resources Officer at Cedar Fair starting in March 2023. | ||
Robert White Executive | Chief Commercial Officer | Robert White has been serving as Chief Commercial Officer at FUN since July 1, 2024. Previously, he held executive roles at Cedar Fair, including SVP, Chief Commercial Officer from 2023, and served as COO at Village Roadshow Theme Parks from 2011 to 2018. | ||
Tim Fisher Executive | Chief Operating Officer (COO) | Tim Fisher is the Chief Operating Officer of Six Flags Entertainment Corporation since July 1, 2024, and previously served as the Chief Operating Officer of Cedar Fair starting in December 2017. | ||
Ty Tastepe Executive | Chief Digital and Technology Officer | Ty Tastepe has been serving as the Chief Digital and Technology Officer at FUN since July 1, 2024. He previously served as the Chief Information Officer at Cedar Fair starting in 2021. | ||
Arik Ruchim Board | Director on the CopperSteel Board | Partner at H Partners Management ; Director at Tempur Sealy International, Inc. ; Director at Remy International, Inc. ; Director at Dick Clark Productions | Arik Ruchim has served as a Director on the CopperSteel Board at FUN since July 1, 2024. He brings extensive expertise in investment management and corporate governance, previously serving as a partner at H Partners Management. | |
Chieh Huang Board | Director | President of the Global Collaboration Village at World Economic Forum | Chieh Huang is a director at FUN since August 2022. He also serves on the Audit and Finance Committee and was reclassified as a Class II director effective immediately prior to the 2025 Annual Meeting. | |
Daniel J. Hanrahan Board | Lead Independent Director of the CopperSteel Board | Advisor at Sycamore Partners; Board Member at Foss Swim Schools | Daniel J. Hanrahan served as Chairman of the Cedar Fair Board from January 2020 until the merger and now serves as the Lead Independent Director of the CopperSteel Board. He has extensive leadership experience including executive roles at Celebrity Cruises and Regis Corporation. | |
Jennifer Mason Board | director | Global Officer, Treasurer, and Risk Management at Marriott International | Jennifer Mason has been serving as a director at Cedar Fair (FUN) since October 2022, where she sits on the Audit and Finance and Nominating and Corporate Governance Committees. She also holds an active external role as Global Officer, Treasurer, and Risk Management at Marriott International. | |
Louis Carr Board | Director | Ad Council; International Radio and Television Society (IRTS); American Advertising Federation; Video Advertising Board; Boys Hope Girls Hope; United States Track and Field Foundation; Drake University | Louis Carr has served as a Director at FUN since 2020 and was reclassified as a Class II Director in April 2025. He also serves on the Nominating and Corporate Governance Committee and the People, Culture & Compensation Committee. | |
Marilyn Spiegel Board | Director | Board member for the largest owner and operator of private golf and country clubs in the U.S.; Member of the Board of Advisors at Nicholas & Company; Executive Secretary and Board Member at Catholic Charities of Southern Nevada | Marilyn Spiegel is the Director at Cedar Fair (FUN) since January 2023, bringing over 30 years of leadership in the gaming and hospitality industry, with prior roles including President at Wynn Las Vegas and Harrah’s Entertainment. |
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Based on your discussion around revenue synergies, especially the All Park Pass, can you detail how the merger-related system integrations have delayed realization of these synergies and what corrective actions are being planned to meet future targets?
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With the noted shifts in operating days and mixed attendance trends due to weather and fiscal calendar changes, how do you expect these variables to impact revenue per capita, and what measures will you take to mitigate any downward pressure?
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In light of your portfolio optimization efforts, what specific criteria and timelines are you using to identify and potentially divest noncore properties or excess land, and how will these actions enhance long-term shareholder value?
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Considering your CapEx guidance for 2025 that includes both catch-up maintenance and transformational investments, how will you prioritize spending between these areas while ensuring that guest experience improvements directly translate into higher operational efficiencies?
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Given your emphasis on new data analytics and KPIs post-merger, can you provide more detail on the timeline for achieving full system harmonization across legacy platforms and how this integration will improve real-time decision making for pricing and guest satisfaction?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Cedar Fair, L.P. / Six Flags Entertainment Corporation | 2024 | Completed merger where Cedar Fair merged with Former Six Flags and related entities via a two-step merger process, resulting in the combined company being renamed Six Flags Entertainment Corporation and trading under the ticker “FUN.” The accounting acquirer was Cedar Fair, with defined exchange ratios and a special dividend for Former Six Flags shareholders. |
Schlitterbahn water parks | 2019 | Completed acquisition of two Schlitterbahn water parks in New Braunfels and Galveston, Texas (with an option on a third property), intended to diversify Cedar Fair’s geographic presence and capitalize on high-growth regional markets. The deal promised strong revenue synergies, evident from historical revenues of $65–$70 million and planned capital investments of $10–$15 million to optimize the parks’ operations. |
Recent press releases and 8-K filings for FUN.
- Net revenues of $202 million were recorded in Q1 2025, with an operating loss of $321 million and a net loss of $220 million (including $111 million revenue and $134 million loss from legacy operations)
- Merger integration efforts are on track, achieving $120 million in synergy targets ahead of schedule and expecting operating costs to be more than 3% lower than combined 2024 actuals
- A seasonal operating loss occurred due to fewer park operating days and significant off-season investments, in line with seasonal business expectations
- Attendance reached 2.8 million guests, supporting the revised full-year outlook and reflecting the merger’s impact on operating metrics
- Management is positioning for higher-margin days in Q2 and Q3 with improved season pass sales, stronger attendance trends, and plans to divest noncore assets such as the Maryland parks
- Six Flags Entertainment Corporation announced it will close Six Flags America and Hurricane Harbor in Bowie, Maryland after the 2025 operating season.
- The approximately 500-acre property will be marketed for redevelopment as part of the company’s portfolio optimization program, with support provided to impacted employees, including severance for about 70 full-time associates.
- Four new independent director nominees – Sandy Cochran, Michael Colglazier, Felipe Dutra, and Steven Hoffman – have been announced for election at the 2025 Annual Meeting.
- Board composition update – Four current directors are resigning, ensuring the Board remains at 12 directors with 10 independent members.
- Q4 2024 operations delivered $687 million in net revenues from 10.7 million visits, alongside a net loss of $264 million and Adjusted EBITDA of $209 million .
- The company provided 2025 guidance with target Adjusted EBITDA of $1.08–$1.12 billion, driven by disciplined cost management and continued capital investments .
- A record October performance boosted modified EBITDA margins by 650 basis points, underscoring robust integration post-merger .
- Results reflect the successful merger integration of legacy Six Flags and Cedar Fair parks, enhancing operational efficiency and guest experiences .
- Ongoing portfolio optimization and planned new attraction investments are set to drive long-term value creation .