Six Flags (FUN): Shareholders Elect Four Independent Directors to Board

Six Flags Entertainment Corporation (NYSE: FUN), the largest regional amusement park operator in North America, announced today that its shareholders elected Sandra (Sandy) Cochran, Michael Colglazier, Felipe Dutra, and Steven Hoffman to the Board of Directors of Six Flags Entertainment Corporation for 3-year terms expiring in 2028.

Shareholders also confirmed the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm, approved an advisory vote on the compensation of the Company’s named executive officers, and confirmed a 1-year frequency for shareholder advisory votes on executive compensation.

“I want to welcome Sandy, Michael, Felipe and Steven to our Board of Directors,” said Selim Bassoul, executive chairman of Six Flags Entertainment Corporation. “We appreciate our shareholders for recognizing the value these business leaders will provide Six Flags by electing them as our Class I directors. Each brings a proven record of success and commitment to excellence that aligns perfectly with Six Flags’ core values and business goals. We are confident their contributions will significantly enhance our governance oversight responsibilities and help propel us towards sustained growth and success.”

About Our New Directors

Sandra (Sandy) Cochran served as executive chair of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) from November 2023 through February 2024. Prior to her role as executive chair, she served in positions of increasing responsibility at Cracker Barrel including service as president and CEO and a director from September 2011 to October 2023, president and COO from November 2010 to September 2011, and executive vice president and CFO from April 2009 until November 2010. Prior to joining Cracker Barrel, Ms. Cochran served in multiple executive leadership roles at Books-A-Million, Inc. (NASDAQ: BAMM), a book retailer, including as CEO from February 2004 to April 2009, president from August 1999 to February 2004, and CFO from September 1993 to August 1999. Ms. Cochran currently serves on the board of Lowe’s Companies, Inc. (NYSE: LOW) since 2016, and Signet Jewelers Limited (NYSE: SIG) since February 2024. She previously served on the board of Cracker Barrel from September 2011 to February 2024, and Dollar General Corporation (NYSE: DG) from 2012 to May 2020. Ms. Cochran holds an MBA from Pacific Lutheran University and a bachelor’s in chemical engineering from Vanderbilt University. She also served as a Captain in the Ninth Infantry Division of the United States Army.

Michael Colglazier has served as CEO and a director of Virgin Galactic Holdings, Inc. (NYSE: SPCE) since July 2020 and as Virgin Galactic’s president since February 2021. Prior to joining Virgin Galactic, Mr. Colglazier served as president and managing director for Disney Parks International from March 2018 until his departure in July 2020. Prior to that from January 2013 until March 2018, Mr. Colglazier was president of The Disneyland Resort where he led a workforce of nearly 30,000 employees and drove record business performance and growth. He is currently chairman of the CEO Roundtable for the University of California, Irvine. He is also a past member of the Engineering Advisory Board of Rice University, and past commissioner and member of the executive committee of the California Travel and Tourism Commission. Mr. Colglazier holds a bachelor’s in industrial engineering from Stanford University and an MBA from Harvard Business School.

Felipe Dutra is a founding investor and chairman of Waldencast PLC (NASDAQ: WALD), a position he has held since 2021. He previously served as CFO of Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) from 2004 through 2020, adding chief technology officer responsibilities in 2014. Prior to that he held several roles in treasury and operations at Ambev predecessor Cervejaria Brahma and was appointed CFO in 1999, holding that position until the merger with Interbrew in 2004, which led to the creation of InBev. Mr. Dutra holds a degree in economics from Candido Mendes and an MBA in controlling from Universidade de São Paulo.

Steven Hoffman currently operates Python Global Ventures, a family office investment firm. Prior to that, Mr. Hoffman was a partner and consumer sector head at Highline Capital Management LLC from 2001 through 2018. Mr. Hoffman began his career at Wertheim Schroder & Co. as an investment banking and private equity analyst starting in 1992. He earned dual bachelor’s degrees at The University of Pennsylvania from The Wharton School and the College of Arts & Sciences and holds an MBA from the University of Chicago Booth School of Business.

You May Also Be Interested In