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Unitholders Reelect Three Directors to the Cedar Fair Board
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Cedar Fair Entertainment Company (NYSE: FUN) announced the reelection of Louis Carr, D. Scott Olivet, and Carlos A. Ruisanchez to its Board of Directors, each serving three-year terms until 2025. The company’s unitholders also confirmed Deloitte & Touche LLP as its independent registered public accounting firm and approved an advisory vote on executive officer compensation. CEO Richard A. Zimmerman acknowledged the board members' insightful contributions that have aided Cedar Fair's recovery since the pandemic.
Positive
Reelection of key board members strengthens leadership continuity.
SANDUSKY, Ohio--(BUSINESS WIRE)--
Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced that its unitholders reelected Louis Carr, D. Scott Olivet, and Carlos A. Ruisanchez to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2025.
The limited partners also confirmed the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm and approved an advisory vote on the compensation of the Company’s named executive officers.
“We are pleased to announce the reelection of Louis, Scott and Carlos to our Board,” said President and CEO Richard A. Zimmerman. “Since the pandemic began, all three have contributed valuable insight and their own unique, well-informed perspectives that helped position Cedar Fair for a strong and expedited recovery. We greatly appreciate our unitholders recognizing the value they provide the company through today’s reelection of our Class I directors.”
About Cedar Fair
Cedar Fair, L.P. (NYSE: FUN), one of the largest regional amusement-resort operators in the world, is a publicly traded partnership headquartered in Sandusky, Ohio. Focused on its mission to make people happy by providing fun, immersive, and memorable experiences, the Company owns and operates 13 properties, consisting of 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling more than 2,300 rooms and more than 600 luxury RV sites. Cedar Fair’s parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario.
This news release and prior releases are available under the News tab at http://ir.cedarfair.com
Investor Contact: Michael Russell, 419.627.2233
Media Contact: Gary Rhodes, 704.249.6119
Source: Cedar Fair Entertainment Company
FAQ
What recent board changes occurred at Cedar Fair (FUN)?
Cedar Fair's unitholders reelected Louis Carr, D. Scott Olivet, and Carlos A. Ruisanchez to the Board of Directors for three-year terms expiring in 2025.
Who was appointed as Cedar Fair's independent auditor?
Deloitte & Touche LLP was confirmed as Cedar Fair's independent registered public accounting firm.
What did Cedar Fair's unitholders approve regarding executive compensation?
The unitholders approved an advisory vote on the compensation of Cedar Fair's named executive officers.
How has Cedar Fair positioned itself post-pandemic?
CEO Richard A. Zimmerman credited the reelected board members for their contributions that helped position Cedar Fair for a strong recovery since the pandemic.
