JANA PARTNERS PROVIDES UPDATE ON SIX FLAGS INVESTOR GROUP

Rhea-AI Summary

JANA Partners (investor group) announced on November 13, 2025 that Dave Habiger has de-grouped from the JANA-led investor group that collectively holds an economic interest of approximately 9% in Six Flags Entertainment Corporation (NYSE: FUN). The announcement says Habiger left the group to pursue a complementary opportunity involving Six Flags.

The update only reports the change in group membership and the stated reason for his departure; no transaction, voting change, or shift in ownership percentage was disclosed.

NEW YORK, Nov. 13, 2025 /PRNewswire/ -- JANA Partners LLC ("JANA"), which along with its partners collectively own an economic interest of approximately 9% in Six Flags Entertainment Corporation (NYSE: FUN) ("Six Flags" or the "Company"), today announced that Dave Habiger has de-grouped from the JANA-led investor group to enable him to pursue a complementary opportunity involving the Company.

About JANA Partners
JANA Partners was founded in 2001 by Barry Rosenstein. JANA invests in undervalued public companies and engages with management teams and boards to unlock value for shareholders.

Press Contacts
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
JANA@Gasthalter.com
(212) 257-4170

Disclaimer 
This press release and the opinions herein are for general information only, and are not intended to be, nor should they be construed as, an offer to sell or a solicitation of an offer to buy any security, a recommendation to purchase or sell any security, or legal, financial, tax, investment, or other advice. Funds managed by JANA currently beneficially own and have other economic interests in shares of the Company.  Travis Kelce has a financial interest in certain of the Company's securities, including, but not limited to, investments relating to the Company in such funds managed by JANA.  These funds are in the business of trading (i.e., buying and selling) securities and intend to continue trading in the securities of the Company. You should assume such funds, as well as other funds in which Travis Kelce has a financial interest, may from time to time sell all or a portion of their respective holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares, subject to applicable law. Consequently, JANA's or Travis Kelce's beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to their respective views of the Company's business, prospects, or valuation (including the market price of the Company's shares), including without limitation, other investment opportunities available to them, concentration of positions in the portfolios managed by them, conditions in the securities markets and general economic and industry conditions. JANA and Travis Kelce each reserve the right to change any of their respective opinions expressed herein at any time as they deem appropriate and disclaim any obligation to notify the market or any other party of any such change, except as required by law.

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SOURCE JANA Partners

FAQ

Who left the JANA-led investor group for Six Flags (NYSE: FUN) on November 13, 2025?

Dave Habiger de-grouped from the JANA-led investor group on November 13, 2025.

How much economic interest does the JANA-led group hold in Six Flags (FUN)?

The JANA-led group collectively holds approximately 9% economic interest in Six Flags.

Did the November 13, 2025 update report any change to the JANA group's ownership percentage in FUN?

No; the announcement did not disclose any change to the group's reported ~9% economic interest.

Did the press update state why Dave Habiger left the group for Six Flags (FUN)?

Yes; it said he de-grouped to pursue a complementary opportunity involving the company.

Does the November 13, 2025 announcement indicate any transaction or new activist proposal for FUN?

No; the notice only reports the membership change and does not describe any transaction or new proposal.

Where can investors find official updates about the JANA group's stake in Six Flags (FUN)?

Investors should monitor company filings and investor communications for any formal changes to ownership or proposals.