Louis Carr
About Louis Carr
Louis Carr is an independent director of Six Flags Entertainment Corporation (ticker: FUN), serving since 2020 on the legacy Cedar Fair board and continuing post-merger; immediately prior to the 2025 Annual Meeting he was reclassified to a Class II director with a term through 2026 . He is President of Media Sales for BET Media Group (Paramount Global) with 35+ years in media and marketing, holds a B.A. in Journalism from Drake University, and has received multiple industry recognitions including induction into the Advertising Hall of Fame in 2023 . He is age 69 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BET Media Group (Paramount Global) | President, Media Sales | 37 years at BET; current role | Recognized as a leading African American executive in media/marketing; multiple industry awards |
External Roles
| Organization | Type | Role | Notes/Impact |
|---|---|---|---|
| United States Track & Field Foundation | Non-profit | Board member | Current service |
| Drake University | Academic | Board member | Current service |
| Ad Council | Non-profit | Former board | Prior service |
| International Radio and Television Society (IRTS) | Non-profit | Former board | Prior service |
| American Advertising Federation (AAF) | Industry association | Former board | Prior service |
| Video Advertising Board (VAB, formerly CAB) | Industry association | Former board | Prior service |
| Boys Hope Girls Hope | Non-profit | Former board | Prior service |
Board Governance
- Classification and term: Reclassified to Class II immediately prior to the 2025 Annual Meeting; serves until 2026 .
- Independence: Board affirmed Mr. Carr meets NYSE and company independence standards .
- Committees: Member, Nominating and Corporate Governance Committee (not Chair) .
- Attendance: In 2024, each current director attended at least 75% of Board/committee meetings during their service period .
- Board structure: All key committees (Audit & Finance; Nominating & Corporate Governance; People, Culture & Compensation) are fully independent .
Fixed Compensation
| Component | Amount/Terms | Year/Status |
|---|---|---|
| Cash fees (Board and committee) | $97,500 cash fees earned by Louis Carr in 2024 | 2024 actual |
| Equity grant | $74,623 grant date fair value in 2024 | 2024 actual |
| Standard post‑merger Board retainer (cash) | $85,000 per annum cash retainer (plus $1,500 per Board meeting after the 20th in a year) | Ongoing program |
| Committee membership fees | $10,000 per annum for Nominating & Corporate Governance Committee members (ex‑chair) | Ongoing program |
| Standard director equity | $200,000 per annum in restricted stock; directors may elect to defer up to 100% into deferred stock units | Ongoing program |
Performance Compensation
| Performance-linked director pay elements | Status |
|---|---|
| Stock options | None disclosed for directors |
| Performance stock/PSUs | Not part of director program; equity delivered as restricted stock/deferred stock units |
| Performance metrics for director pay | Not applicable to non-employee directors |
Other Directorships & Interlocks
- Current other public company boards: None listed for Mr. Carr in the company’s director roster (Other Public Company Boards “—”) .
- Compensation Committee interlocks: Company disclosed no interlocking relationships for its compensation committee in 2024 .
Expertise & Qualifications
- Media/marketing leadership: 35+ years; senior executive at BET Media Group (Paramount Global) .
- Recognitions: Advertising Hall of Fame (2023); Chicago Advertising Federation Silver Medal; multiple “Most Influential” lists; diversity leadership awards .
- Education: B.A. in Journalism, Drake University; author of two books .
- Board skills relevance: Consumer marketing, brand building, and governance oversight align with FUN’s consumer-facing strategy .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (shares) | 17,458 shares beneficially owned (includes deferred RSUs) |
| Deferred restricted stock units | 2,213 units convertible within 60 days of April 28, 2025 (included in beneficial ownership) |
| Ownership as % of outstanding | Less than 1% of common shares outstanding |
| Restricted stock counted for voting | Beneficial ownership table includes restricted stock with voting but no investment power; directors have 303,777 such shares in aggregate; Mr. Carr has 2,670 restricted shares within totals |
| Director ownership guideline | Must hold at least 5x annual cash retainer within 5 years; all directors in compliance or on track as of April 28, 2025 |
| Hedging/pledging | Hedging prohibited for directors; company policy also restricts pledging/margin accounts under trading policy |
| Section 16 compliance | Company reports directors timely filed required Section 16 reports for 2024 |
Governance Assessment
-
Strengths
- Independent director with deep marketing/media experience; serves on Nominating & Corporate Governance Committee, supporting board refresh and governance oversight .
- Attendance threshold met (≥75% in 2024 across directors); board committees fully independent .
- Pay structure aligned with shareholders via meaningful equity retainer and robust director ownership guidelines (5x cash retainer), with compliance/on-track status disclosed .
- No related-party transactions disclosed involving Mr. Carr; company reports none requiring disclosure in 2024 through filing .
-
Potential Risks/Red Flags
- None disclosed: no related-party transactions, no hedging/pledging, no Section 16 delinquencies, and no public company interlocks for Mr. Carr noted in the proxy .