A recent SEC filing revealed compensation packages for the executive leadership at Six Flags following the company’s July merger with Cedar Fair.
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.
Zimmerman made $7.28 million in 2022 and $9.99 million in 2021, according to regulatory filings.
Chief operating officer Tim Fisher held the same role at Cedar Fair and will make $750,000 in his new role. He will also receive an annual bonus, initial stock and an annual equity grant targeted at a value of $3.4 million. Chief financial officer Brian Witherow is slated to make a base salary of $670,000 per year as he keeps the position he held at Cedar Fair before the July merger. His package also includes bonuses, an initial stock award and an annual equity grant with a target value of $2.75 million.
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.
The merger, which joined Six Flags and Cedar to create one theme park giant in July, made the two entities into one company headquartered in Charlotte, North Carolina. Six Flags had been based in Arlington while Cedar Fair was headquartered in Sandusky, Ohio. The new entity now operates nine hotels and more than 40 amusement and water parks in North America.
