p UNITED 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 f reprt (Date f earliest event reprted) May 22, 2018 Six Flags Entertainment Crpratin (Exact Name f Registrant as Specified in Its Charter) Delaware (State r Other Jurisdictin f Incrpratin) 1-13703 13-3995059 (Cmmissin File Number) (IRS Emplyer Identificatin N.) 924 Avenue J East Grand Prairie, Texas 75050 (Address f Principal Executive Offices) (Zip Cde) (972) 595-5000 (Registrant s Telephne Number, Including Area Cde) (Frmer Name r Frmer Address, if Changed Since Last Reprt) Check the apprpriate bx belw if the Frm 8-K filing is intended t simultaneusly satisfy the filing bligatin f the registrant under any f the fllwing prvisins ( seegeneral Instructin A.2. belw): Written cmmunicatins pursuant t Rule 425 under the Securities Act (17 CFR 230.425) Sliciting material pursuant t Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-cmmencement cmmunicatins pursuant t Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-cmmencement cmmunicatins pursuant t Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging grwth cmpany as defined in Rule 405 f the Securities Act f 1933 ( 230.405 f this chapter) r Rule 12b-2 f the Exchange Act f 1934 f 1934 ( 240.12b-2 f this chapter). Emerging Grwth Cmpany If an emerging grwth cmpany, indicate by check mark if the registrant has elected nt t use the extended transitin perid fr cmplying with any new r revised financial accunting standards prvided pursuant t Sectin 13(a) f the Exchange Act.
Item 5.02 Departure f Directrs r Certain Officers; Electin f Directrs; Appintment f Certain Officers; Cmpensatry Arrangements f Certain Officers. Mari Centla, Vice President and Chief Accunting Officer f Six Flags Entertainment Crpratin (the "Cmpany"), will becme Vice President, Internatinal Operatins and Business Develpment, effective June 15, 2018. Taylr Brks, 31, will be prmted t Vice President and Chief Accunting Officer f the Cmpany effective June 15, 2018. Mr. Brks will be respnsible fr verseeing the Cmpany's accunting functin. Mr. Brks jined the Cmpany in 2013 as the Financial Reprting Manager and in 2015 was named Directr f Accunting and Assistant Cntrller. Prir t jining the Cmpany, Mr. Brks was the Financial Reprting and Technical Research Senir Accuntant at DynCrp Internatinal LLC, and prir t DynCrp he wrked at Ernst & Yung LLP. Mr. Brks hlds a Bachelr's degree and a Master's degree in Accunting frm Abilene Christian University and is a Certified Public Accuntant. In cnnectin with Mr. Brks' prmtin, his base salary will be at least $210,000 per year and he will be eligible fr an annual bnus with a target f $100,000. In additin, Mr. Brks received an additinal award under the Cmpany s Prject 600 Prgram with a target award f 2,000 shares fr a ttal target award (including his existing award) under the Cmpany s Prject 600 Prgram f 9,000 shares. Mr. Brks received an additinal award under the Cmpany s Prject 750 Prgram with a target award f 3,500 shares fr a ttal target award (including his existing award) under the Cmpany s Prject 750 Prgram f 6,250 shares. Mr. Brks is als entitled t participate in r receive benefits under the emplyee benefit prgrams f the Cmpany, including the Cmpany s life, health and disability prgrams, as well as t receive reimbursement f certain expenses incurred during his emplyment. Item 7.01 Regulatin FD. On May 22, 2018, the Cmpany annunced it has entered int a purchase agreement with affiliates f Premier Parks, LLC t acquire the lease rights t perate five parks wned by EPR Prperties. The parks have previusly been perated by Premier Parks, LLC f Oklahma City and include: Wet n Wild Splashtwn in Hustn, Texas; Wet n Wild Phenix in Arizna; Darien Lake, lcated between Buffal and Rchester, New Yrk; and Frntier City and White Water Bay, in Oklahma City, Oklahma. These latest acquisitins will expand the Cmpany s prtfli f Nrth American parks t twenty-five. A cpy f the press release is furnished as Exhibit 99.1 heret. The purchase price is apprximately $23 millin (subject t custmary adjustments). In recgnitin f the additinal capital being deplyed fr the transactin, the Cmpany s Cmpensatin Cmmittee determined in accrdance with the Cmpany s Prject 600 prgram award agreements that as an equitable adjustment under the Cmpany s Prject 600 prgram the target Mdified EBITDA will be increased by $4.2 millin t $605.3 millin as f the clsing. The clsing f the transactins cntemplated by the purchase agreement is expected t ccur in June 2018 and is subject t custmary clsing cnditins. Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release f Six Flags Entertainment Crpratin, dated May 22, 2018
SIGNATURES Pursuant t the requirements f the Securities Exchange Act f 1934, the registrant has duly caused this reprt t be signed n its behalf by the undersigned hereunt duly authrized. SIX FLAGS ENTERTAINMENT CORPORATION Date: May 22, 2018 By: /s/ Lance C. Balk Name: Lance C. Balk Title: Executive Vice President and General Cunsel
Exhibit 99.1 Immediate Release Media Cntact: Sandra Daniels 972.595.5178 sdaniels@sftp.cm Investr Relatins Cntact Stephen Purtell 972.595.5180 spurtell@sftp.cm Six Flags Adds Five Mre Parks t US Prtfli Hustn, Phenix, Buffal, and Oklahma City Parks Expand Market Reach GRAND PRAIRIE, Texas May 22, 2018 Six Flags Entertainment Crpratin (NYSE:SIX), the wrld s largest reginal theme park cmpany, tday annunced it has entered int a purchase agreement with affiliates f Premier Parks, LLC t acquire the lease rights t perate five parks wned by EPR Prperties (NYSE:EPR). The parks have previusly been perated by Premier Parks, LLC f Oklahma City. These latest acquisitins will expand the cmpany s prtfli f Nrth American parks t twenty-five. Tday s annuncement represents anther milestne in ur strategic Nrth-American grwth initiative t seek ut park acquisitins that expand ur addressable market, said Six Flags Chairman, CEO, and President, Jim Reid-Andersn. These are all fantastic prperties that cmplement ur existing prtfli and prvide tremendus added value and crss-visitatin pprtunities fr ur extensive Membership and Seasn Pass base. The parks jining the Six Flags family are: Wet n Wild Splashtwn, Hustn s largest waterpark, with mre than 48 lush acres and a wide selectin f thrilling waterslides and attractins, alng with tw children s areas; Wet n Wild Phenix, the largest waterpark in Arizna (lcated in the Adbe Dam Recreatin Area), featuring 35 acres f high-speed slides and tw pls, and als ffering a Wet n Wild Jr. sectin with kid-friendly versins f sme f the park s mst thrilling attractins; Darien Lake near Buffal, NY, a beautiful resrt prperty lcated n apprximately 1,000 acres that includes a theme park, waterpark, campgrund, htel, and a 21,000-seat amphitheater; Frntier City, an icnic part f the Oklahma City landscape, is steeped in traditin. The park features a western theme and ffers an extensive lineup f exciting rides, attractins, and shws geared t every member f the family; and White Water Bay, near Frntier City, a trpical asis with mre than 25 acres f waterslides, interactive water play areas, and pls. Six Flags is the largest reginal theme park peratr in the wrld and upn clsing f the transactins, will be the largest waterpark peratr in Nrth America. With the additin f these five prperties that entertained apprximately tw millin guests in 2017, there will be an additinal 20 millin guests within a 100-mile radius f a Six Flags park, significantly expanding the cmpany s natinal ftprint. We are thrilled t welcme these utstanding prperties and emplyees int ur family f parks and lk frward t sharing the thrill f Six Flags with guests f all ages in these key markets, added Reid-Andersn. Clsing f the transactins cntemplated by the agreement is expected t ccur in June, 2018 and is subject t custmary clsing cnditins. Abut Six Flags Entertainment Crpratin Six Flags Entertainment Crpratin is the wrld s largest reginal theme park cmpany with $1.4 billin in revenue and 20 parks acrss the United States, Mexic and Canada. Fr 57 years, Six Flags has entertained millins f families with wrld-class casters, themed rides, thrilling water parks and unique attractins. Fr mre infrmatin, visit www.sixflags.cm.
Frward Lking Statements The infrmatin cntained in this release, ther than histrical infrmatin, cnsists f frward-lking statements within the meaning f Sectin 27A f the Securities Act and Sectin 21E f the Securities Exchange Act. These statements may invlve risks and uncertainties that culd cause actual results t differ materially frm thse described in such statements. These risks and uncertainties include, amng thers, (i) the adequacy f cash flws frm peratins, available cash and available amunts under ur credit facilities t meet ur future liquidity needs, (ii) ur ability t rll ut ur capital enhancements in a timely and cst effective manner, (iii) ur ability t imprve perating results by implementing strategic cst reductins, and rganizatinal and persnnel changes withut adversely affecting ur business, (iv) ur peratins and results f peratins, and (v) the risk factrs r uncertainties listed frm time t time in the cmpany s filings with the Securities and Exchange Cmmissin ("SEC"). In additin, imprtant factrs, including factrs impacting attendance, such as lcal cnditins, natural disasters, cntagius diseases, events, disturbances and terrrist activities; recall f fd, tys and ther retail prducts sld at ur parks; risk f accidents ccurring at the cmpany s parks r ther parks in the industry and adverse publicity cncerning ur parks r ther parks in the industry; inability t achieve desired imprvements and ur aspiratinal financial perfrmance gals; adverse weather cnditins such as excess heat r cld, rain and strms; general financial and credit market cnditins; ecnmic cnditins (including custmer spending patterns); changes in public and cnsumer tastes; cnstructin delays in capital imprvements r ride dwntime; cmpetitin with ther theme parks and ther entertainment alternatives; dependence n a seasnal wrkfrce; uninizatin activities and labr disputes; laws and regulatins affecting labr and emplyee benefit csts, including increases in state and federally mandated minimum wages, and healthcare refrm; pending, threatened r future legal prceedings and the significant expenses assciated with litigatin; cyber security risks and ther factrs culd cause actual results t differ materially frm the cmpany s expectatins. Althugh the cmpany believes that the expectatins reflected in such frwardlking statements are reasnable, it can give n assurance that such expectatins will be realized and actual results culd vary materially. Reference is made t a mre cmplete discussin f frward-lking statements and applicable risks cntained under the captins "Cautinary Nte Regarding Frward-Lking Statements" and "Risk Factrs" in the cmpany s Annual and Quarterly Reprts n Frms 10-K and 10-Q, and its ther filings and submissins with the SEC, each f which are available free f charge n the cmpany s investr relatins website at investrs.sixflags.cm and n the SEC s website at www.sec.gv.