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Q Funding, the largest unitholder of Cedar Fair, said in a proxy statement that it wants to solicit votes to separate the roles of CEO and chairman of the board, and reinstate the distribution. The filing calls out Dick Kinzel, the current CEO and chair, for making "questionable decisions." The filing also says that Kinzel's hand picking of the board results in a "country club atmosphere," and that separation of power is essential to proper corporate governance.
Read the entire filing on the SEC Web site.