30 November 2005
Six Flags, Inc. (NYSE:PKS) announced today that the results of Red Zone's consent solicitation have been certified by IVS Associates, Inc., the independent inspectors of election, and that all of the proposals that were the subject of the consent solicitation have been adopted. As a result, Messrs. Daniel Snyder, Mark Shapiro and Dwight Schar have become directors of Six Flags, replacing Messrs. Burke, Dannhauser and Shuman, and Red Zone's other proposals, including the amendments to the Company's By-laws, have been adopted.
In other words, the palace coup is complete; Dan Snyder's group has positioned itself on the Six Flags board and will presumably remove the old Six Flags management team. (Previous coverage here.)Posted at 8:00 AM to City Scene