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    Richard Zimmerman

    President and Chief Executive Officer (CEO) at Six Flags Entertainment Corp
    Board
    Since January 2018
    Age
    64 years
    Education
    Earned a bachelor's degree in accounting from Georgetown University.
    Tenure
    Joined legacy Cedar Fair in 2006 during the acquisition of Kings Dominion and advanced through roles including Regional Vice President, Executive Vice President, Chief Operating Officer, and President & COO before being appointed CEO in January 2018.

    Also at Six Flags Entertainment Corp

    SB
    Selim Bassoul
    Executive Chairman of the Board
    BN
    Brian Nurse
    Chief Legal & Compliance Officer and Corporate Secretary
    BW
    Brian Witherow
    Chief Financial Officer

    About

    Richard Zimmerman is currently 64 years old and holds a strong academic foundation in accounting, having earned a bachelor's degree from Georgetown University.

    He began his career at legacy Cedar Fair in 2006 when the company acquired Kings Dominion, gaining invaluable operational experience as he assumed increasing responsibilities starting as Vice President and General Manager. His progression within the organization saw him serving as Regional Vice President, Executive Vice President, Chief Operating Officer, and President & Chief Operating Officer.

    In January 2018, he was appointed President and Chief Executive Officer, a role in which he has led strategic growth and operational improvements. His leadership journey is marked by consistent promotions and significant contributions to the company's evolution, while he also serves as a senior advisor at Velocity Capital Management, showcasing his broader influence in the sports, media, and entertainment sectors.

    $FUN Performance Under Richard Zimmerman

    Past Roles

    OrganizationRoleDate RangeDetails
    Cedar Fair, L.P.President and Chief Operating OfficerOctober 2016 – December 2017 Served as President and COO
    Cedar Fair, L.P.Chief Operating OfficerOctober 2011 – October 2016 N/A
    Cedar Fair, L.P.Executive Vice PresidentNovember 2010 – October 2011 N/A
    Cedar Fair, L.P.Regional Vice PresidentJune 2007 – November 2010 N/A
    Kings DominionVice President and General Manager1998 – 2006 Held prior to Cedar Fair acquisition

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base SalaryNot provided N/A No specific details provided
    Incentive RSUsNot provided N/A No specific details provided
    2024 RSA (Restricted Stock Awards)36,171 shares 1/3 vesting on 3/31/2025, 1/3 vesting on 2/23/2026, 1/3 vesting on 2/22/2027 Company Shares (as Converted/Post-Closing)

    Performance Compensation

    Data from  FY 2024

    Annual Bonus

    MetricDetails
    Target Annual Cash Incentive$1,650,000 (150% of base salary of $1,100,000 as referenced, though specific base salary details are not provided )
    2024 Incentive AmountPro-rata portion at 50% resulting in $825,000
    Performance MetricsService-based and performance-based goals (may include adjusted EBITDA among other criteria)
    Vesting / ConditionsMust be employed on December 31, 2024; determination made by the Board in good faith

    Incentive PSUs

    MetricDetails
    Target Shares163,116 shares
    Performance MetricsAdjusted EBITDA performance goals with potential outcomes ranging between 0% and 200% of the target
    Vesting ScheduleScheduled to vest 100% on December 31, 2026; contingent upon continued employment through the determination date
    Grant Date Fair Value$44.82 per share/unit
    Additional ConditionsNo adjustments for dividends unless specified; vesting contingent on meeting performance goals

    Completion Bonus

    MetricDetails
    Bonus (A)50% vests on December 4, 2024, and remaining 50% on June 4, 2025
    Bonus (B)50% vests on February 6, 2025, and remaining 50% on June 4, 2025
    Additional DetailsNo specific monetary amounts provided

    If further performance thresholds, exact evaluation criteria, or grant dates are required, the provided documents do not offer additional details.