Marilyn Spiegel
About Marilyn Spiegel
Marilyn Spiegel, age 72, is an independent Class II director of Six Flags Entertainment Corporation (ticker FUN) since 2023, bringing 30+ years of hospitality leadership with expertise in operations, revenue management, and human resources . She holds a bachelor’s degree in marketing and a master’s in education from the University of Utah . Her tenure includes two stints as President of Wynn Las Vegas (2010–2013 and 2019–2021) and senior leadership roles at Harrah’s/Caesars .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Wynn Las Vegas | President | Dec 2010–Feb 2013 | Led operations at flagship resort; emphasis on revenue management and HR |
| Wynn Las Vegas | President | Jan 2019–Sep 2021 | Returned from retirement to lead property operations |
| Bally’s & Paris Las Vegas (Harrah’s Entertainment) | President | Aug 2006–Nov 2010 | Responsibilities expanded to include Planet Hollywood in Jan 2010 post-acquisition |
| Harrah’s Las Vegas & Rio All-Suite Hotel & Casino | President | Jan 2004–Jul 2006 | Senior property leadership |
| Harrah’s Entertainment (now Caesars) | SVP Human Resources | Jun 1999–Dec 2003 | Enterprise HR leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Invited Clubs | Board member | Current | Largest owner/operator of private golf and country clubs in the U.S. |
| Nicholas & Company | Board of advisors | Since 2015 | Advisory role |
| Catholic Charities of Southern Nevada | Executive Secretary and Board member | Current | Non-profit governance |
Board Governance
- Committees: Member, People, Culture & Compensation Committee (met 5 times in 2024); Member, Integration Committee .
- Independence: Board determined Spiegel is independent under NYSE and company guidelines .
- Attendance: Each current director attended at least 75% of Board and applicable committee meetings in 2024; Company Board met 5 times (legacy boards each met 4 times; committees held 8 and 9 meetings pre-merger) .
- Leadership: Separate Executive Chairman (Selim Bassoul), CEO (Richard Zimmerman), and Lead Independent Director (Daniel Hanrahan); Executive sessions held at least annually, presided by Executive Chairman or Lead Independent Director if applicable .
- Compensation Committee interlocks: None involving directors serving in 2024; no insider participation .
Fixed Compensation
| Component | FY 2024 Amount | Notes |
|---|---|---|
| Cash fees | $100,000 | Director fees earned/paid in cash |
| Stock awards (fair value) | $199,979 | Equity grant value; legacy director grants converted in merger; no options |
| Total | $299,979 | Sum of cash and stock awards |
Director fee schedule (post-merger standard):
- Annual cash retainer: $85,000
- Annual equity grant: $200,000 in restricted stock; deferral option to DSUs
- Committee membership fees: Audit & Finance $15,000; Nominating & Corporate Governance $10,000; People, Culture & Compensation $10,000; Chair fees: Audit $30,000; NCG $20,000; PCC $25,000
- Additional meeting fee: $1,500 per Board meeting after the 20th meeting
- Lead Independent Director: $125,000
Performance Compensation
| Equity Type | Vesting | Performance Metrics |
|---|---|---|
| Restricted stock for directors | Time-based; annual grants | None; director equity not tied to EBITDA/TSR KPIs |
Other Directorships & Interlocks
| Company | Role | Public Company? | Notes |
|---|---|---|---|
| Invited Clubs | Board member | No (private) | External governance role |
| Nicholas & Company | Board of advisors | No (private) | Since 2015 |
| Catholic Charities of Southern Nevada | Executive Secretary, Board member | No (non-profit) | Community leadership |
- Compensation Committee interlocks: None involving 2024 PCC members; no cross-compensation committee relationships disclosed .
Expertise & Qualifications
- Hospitality operations leadership; revenue management; human resources .
- Education: B.S. Marketing; M.Ed., University of Utah .
- Board-level compensation oversight: Member signing PCC Report (Spiegel listed on committee report), demonstrating engagement in executive pay governance .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (shares) | 12,766 (sole voting and investment power) |
| Deferred RSUs convertible within 60 days | 2,604 (included in beneficial ownership per footnote) |
| Ownership % of shares outstanding | Less than 1% (*) |
| Pledged shares | None disclosed; pledging prohibited under securities trading policy |
| Hedging policy | Directors prohibited from hedging transactions |
| Stock ownership guidelines | Minimum 5× annual cash retainer; all directors in compliance or on track within 5 years |
Governance Assessment
- Independence and engagement: Independent status, regular committee participation (PCC and Integration), and PCC report signatory signal active governance involvement .
- Alignment: Director pay is standard and largely equity-based ($200k restricted stock annually), with stock ownership guidelines (5× retainer) and anti-hedging/anti-pledging policies enhancing alignment with shareholders .
- Attendance: 75%+ attendance in 2024 across Board/committee obligations evidences baseline engagement; Company Board met 5 times post-merger .
- Conflicts/related party exposure: No related party transactions disclosed for 2024 through filing date; PCC interlocks absent, reducing conflict risk .
- Structural consideration: Integration Committee includes non-independent leadership (Executive Chairman), which can concentrate integration oversight; Spiegel’s independent participation may balance oversight but the committee itself is not fully independent .
RED FLAGS: None disclosed specific to Spiegel (no related-party transactions, no pledging/hedging, independent status maintained) .
All facts above are sourced from Six Flags Entertainment Corporation’s 2025 DEF 14A (May 9, 2025).