Red Zone says consent solicitation is successful, Six Flags responds

Posted | Contributed by Jeff

Dan Snyder's Red Zone says that 57% of Six Flags stockholders agree to a board shake up that would replace three board members, including CEO and chair Kieran Burke. Six Flags will use an independent firm to verify the results before any action is taken.

Read the press release from Red Zone and the response from Six Flags.

rollergator's avatar
"Balanced" cap ex at this point means spending on 1) on-site hotels, 2) outdoor and esp. INDOOR waterparks, 3) thrill rides, and 4) family rides.

THAT's the way to balance your outlays these days....at least, if you want to make money it is... ;)

Got the funny thing from SFI that says why they're the best-equipped to run the company...it was worth a good belly-laugh...OK, maybe more than one... :)

As a SF fan since 1993, I have been disappointed in the destruction of what was once a fun and exciting place that I did not have to fly to and spend a ton of money. I am glad that something is being done to bring back the good employees, good customer service, and themed atmospher. Honestly, could Snyder do a worse job than Burke? I can see where Snyder could be going with additional revenue. Hopefully putting into improving the parks rather than the pockets of shareholders. Burke's solution was to cut back or add another ride. If I were a share holder I would be pissed as the stock was once worth 5 times the amount it is now 10 or less years ago.

They started out fine when they sold the European division and Ohio. I do have to admit, it would suck for those smaller parks to be sold, but they are just added weight to the problem of over expanding and spreading the capital money too thin. With new owners for the smaller parks, maybe they will see improvements as well and even in a faster pace than would the remaining SF parks. Anyone in the SFGA region knows that it will take millions if not billions of dollars to make that park what it should have been decades ago.

So Mr. Snyder or anyone from Red Zone who reads these postings because they care what the customers think, please understand that your stake in the business will only improve with the improvement of customer satisfaction. Honestly the smallest step would be a great improvement at this point. I would pay 10 more dollars for a season pass if it meant I knew 100% I would have a wonderful "playtime".

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