Cedar Fair Unitholders Re-elect Three to Board of Directors
June 08, 2016 at 12:46 PM EDT
SANDUSKY, Ohio, June 8, 2016 /PRNewswire/ -- Cedar Fair (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced that its unitholders re-elected Eric Affeldt, John Scott, III and D. Scott Olivet to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2019.
The limited partners also confirmed the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm, approved an advisory vote on the compensation of the Company's named executive officers and approved and adopted the 2016 Omnibus Incentive Plan.
"We are pleased to announce the re-election of Eric, John and Scott," said Matt Ouimet, Cedar Fair's president and chief executive officer. "Their extensive business experience and sound judgement have been invaluable to our management team. We look forward to their continued guidance, along with the balance of our Board, as we collectively strive for even greater success in the future."
Eric Affeldt, chairman of the board, also announced that the Company has entered into a contract extension with Ouimet. "Under Matt's guidance, Cedar Fair has delivered record performance on all meaningful metrics," said Affeldt. "He has assembled an impressive leadership team, championed creative innovation that enhances the guest experience, created substantial value for our investors and positioned the Company for continued growth in the future."
"I appreciate the opportunity Cedar Fair has given me and look forward to working with the Board of Directors, our leadership team and all of our associates to create even more fun for those we serve," said Ouimet.
About Cedar Fair
Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Company owns and operates 11 amusement parks, three outdoor water parks, one indoor water park and five hotels. Its parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, and Toronto, Ontario. Cedar Fair also operates the Gilroy Gardens Family Theme Park in California under a management contract. Cedar Fair's flagship park, Cedar Point, has been consistently voted one of the "Best Amusement Parks in the World" in a prestigious annual poll conducted by Amusement Today newspaper.
This news release and prior press releases are available online at www.cedarfair.com.
Contact: Stacy Frole, (419) 627-2227
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SOURCE Cedar Fair