Cedar Fair Unitholders Re-Elect Three To Board Of Directors
June 07, 2017 at 11:49 AM EDT
SANDUSKY, Ohio, June 7, 2017 /PRNewswire/ -- Cedar Fair (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced that its unitholders re-elected Gina D. France, Matt Ouimet and Tom Klein to the Board of Directors of its general partner, Cedar Fair Management, Inc., for three-year terms expiring in 2020.
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. Additionally, unitholders approved the Board's proposal to conduct advisory votes on executive compensation annually.
"We are pleased to announce the re-election of Gina, Matt and Tom," said Eric Affeldt, Cedar Fair's Independent Chairman. "Their leadership and collective knowledge have been great assets for Cedar Fair as we are on track to achieve our FUNforward 2.0 long-term Adjusted EBITDA goal a year earlier than planned. We look forward to their continued insight and guidance as we remain focused on maximizing unitholder value in both the near- and long-term."
About Cedar Fair
Cedar Fair Entertainment Company (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 become "THE place to be for FUN," the Company owns and operates 11 amusement parks including its flagship park, Cedar Point, along with two outdoor water parks, one indoor water park and five hotels. It also operates an additional theme park under a management contract. Its parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan and Toronto, Ontario.
Some of the statements contained in this news release constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including statements as to the Company's expectations, beliefs and strategies regarding the future. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, adverse weather conditions, competition for consumer leisure time and spending, unanticipated construction delays, changes in the Company's capital investment plans and projects and other factors discussed from time to time by the Company in reports filed with the Securities and Exchange Commission (the "SEC") could affect attendance at the Company's parks and cause actual results to differ materially from the Company's expectations. Additional information on risk factors that may affect the business and financial results of the Company can be found in the Company's Annual Report on Form 10-K and in the filings of the Company made from time to time with the SEC. The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release and prior press releases are available online at www.cedarfair.com.
Contact: Stacy Frole (419) 627-2227
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cedar-fair-unitholders-re-elect-three-to-board-of-directors-300470399.html
SOURCE Cedar Fair