Newly Merged Six Flags Parent Company Announces Executive Pay

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Business Notícia

Six Flags,Cedar Fair,Merger

The newly merged company formed from Six Flags and Cedar Fair has announced the compensation packages for its top executives. President and CEO Richard Zimmerman will earn a base salary of $1.1 million, with his total package reaching over $8.5 million.

President and CEO Richard Zimmerman, who served in the same role for Cedar Fair before the merger, is set to make a base salary of $1.1 million. His full compensation package also includes target rates of 150% his base salary as part of the company’s annual bonus program, 163,116 shares of common stock in the company and an annual equity grant at $8.5 million.Chief operating officer Tim Fisher held the same role at Cedar Fair and will make $750,000 in his new role.

Rounding out executive leadership, chief legal and compliance officer Brian Nurse will make a $600,000 base salary with further bonuses and stock awards. Chief human resource officer Monica Sauls will make $440,000 per year as a base salary plus additional bonuses and equity. Nurse and Sauls both retain the same roles they held at Cedar Fair., made the two entities into one company headquartered in Charlotte, North Carolina.

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