Form 8-K Six Flags Entertainment For: Nov 08
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E-mailUNITED 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) November 8, 2016
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.) | |
924 Avenue J East | ||
Grand Prairie, Texas | 75050 | |
(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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective November 8, 2016, Charles A. Koppelman resigned as a member of the Board of Directors (the "Board") of Six Flags Entertainment Corporation (the “Company”) including his positions on the Audit Committee of the Board and the Compensation Committee of the Board. Mr. Koppelman’s resignation was for personal and business scheduling reasons and not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company wishes to thank Mr. Koppelman for his contribution to the Board.
Item 8.01 Other Events.
On November 8, 2016, the Company announced that the Board declared a quarterly cash dividend of $0.64 per share of common stock. The dividend will be payable December 12, 2016 to shareholders of record as of December 1, 2016. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release Announcing Quarterly Cash Dividend, dated November 8, 2016
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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 | |||
By: | /s/ Lance C. Balk | ||
Name: | Lance C. Balk | ||
Title: | Executive Vice President and General Counsel | ||
Date: November 14, 2016 | |||
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EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release Announcing Quarterly Cash Dividend, dated November 8, 2016 | |
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Exhibit 99.1
FOR IMMEDIATE RELEASE Contact: Stephen Purtell |  |
Dividend Increases Ten Percent at Six Flags
Annualized Cash Dividend Increases from $2.32 to $2.56 per Share
GRAND PRAIRIE, Texas — November 8, 2016 — Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, today announced that its board of directors declared a fourth quarter cash dividend of $0.64 per share of common stock payable December 12, 2016 to shareholders of record as of December 1, 2016. The new dividend represents a ten percent increase on an annualized basis.
“Our stable and growing cash flow allows us to execute an ongoing shareholder-friendly capital allocation policy that includes investing strategically in the business; paying an attractive, growing, and sustainable dividend; and implementing a thoughtful share repurchase program,” said John Duffey, President and CEO.
This represents the sixth consecutive year the company has raised its dividend since it was initiated in 2010.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company with $1.3 billion in revenue and 18 parks across the United States, Mexico and Canada. For 55 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. For more information, visit www.sixflags.com.
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