Posted Thursday, October 27, 2011 3:16 PM | Contributed by Jeff
[Ed. note: The following is an excerpt of a press release. -J]
Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, announced the certified voting results of today's Special Meeting of Unitholders to consider two proposals relating to the right of unitholders to nominate directors for election to the Board of Directors.
The Company's Board of Directors recommended FOR both proposals and based upon the Inspector of Election's official tabulation, both proposals received the requisite number of votes. Specifically, the two proposals that were voted on and passed were to (i) amend the Regulations of the General Partner to give unitholders the right to nominate directors for the Board and (ii) amend the Limited Partnership Agreement to establish certain procedures and information requirements for unitholders to nominate directors.
"I am pleased to say that based on these results, and in accordance with the Regulations of the General Partner and Partnership Agreement, the Board of Directors voted today to amend the Partnership Agreement, allowing the right for unitholders to nominate directors," said Dick Kinzel, chief executive officer. "We thank our unitholders for their participation in this Special Meeting and their ongoing interest in Cedar Fair."
Read the entire press release from Cedar Fair.