Six Flags (FUN) signs $1.55M consulting deal for Qiddiya project

Rhea-AI Filing Summary

Six Flags Entertainment Corporation has entered into a Consultant Agreement with Selim Bassoul, effective January 1, 2026. Under this agreement, Mr. Bassoul will advise on the company’s project at Qiddiya in Riyadh, Saudi Arabia through December 31, 2026. His role includes overseeing development of the Qiddiya location, acting as the primary liaison with local operating partners and government stakeholders, helping transfer knowledge to the Chief Executive Officer or designees, and supporting operations for 90 days after the grand opening.

For these services, Mr. Bassoul will receive a total fee of $1,550,000, plus reimbursement of reasonable and necessary expenses. The agreement also includes customary terms such as confidentiality, limitation of liability, independent contractor status, non-solicitation, dispute resolution, mutual indemnification and a limited non-compete, and will be filed as an exhibit to the company’s next Annual Report on Form 10-K.

Six Flags Entertainment Corporation/NEW false 0001999001 0001999001 2025-12-29 2025-12-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported): December 29, 2025

Six Flags Entertainment Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-42157		93-4097909
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

8701 Red Oak Blvd.

Charlotte, North Carolina 28217

(Address of principal executive offices) (Zip Code)

(704) 414-4700

(Registrant’s telephone numbers, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbols		Name of each exchange on which registered
Common Stock, par value $0.01 per share		FUN		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 29, 2025, Six Flags Entertainment Corporation (the “Company”) entered into a Consultant Agreement with Selim Bassoul (the “Consulting Agreement”), effective January 1, 2026, pursuant to which the Mr. Bassoul will provide advisory services in connection with the Company’s project at Qiddiya in Riyadh, Saudi Arabia through December 31, 2026. The services include overseeing development of the Qiddiya location, serving as the primary liaison with local operating partners and government stakeholders, facilitating introductions and knowledge transfer to the Company’s Chief Executive Officer or his designee(s), and supporting operations through and for 90 days following the grand opening. Under the Consulting Agreement, Mr. Bassoul will receive a total fee of $1,550,000, plus reimbursement of reasonable and necessary expenses. The Consulting Agreement contains customary terms, including confidentiality, limitation of liability, independent contractor status, non-solicitation, dispute resolution, mutual indemnification and a limited non-compete.

The foregoing description of the Consultant Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Consultant Agreement, a copy of which will be filed as an exhibit to the Company’s next Annual Report on Form 10-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 5, 2026				SIX FLAGS ENTERTAINMENT CORPORATION
				(Registrant)
				By:		/s/ Brian C. Witherow
				Name:		Brian C. Witherow
				Title:		Chief Financial Officer

FAQ

What did Six Flags Entertainment Corporation (FUN) disclose in this 8-K?

Six Flags Entertainment Corporation disclosed that it entered into a Consultant Agreement with Selim Bassoul, effective January 1, 2026, related to its Qiddiya project in Riyadh, Saudi Arabia.

What services will Selim Bassoul provide to Six Flags (FUN) under the consulting agreement?

Mr. Bassoul will oversee development of the Qiddiya location, serve as the primary liaison with local operating partners and government stakeholders, facilitate introductions and knowledge transfer to the Chief Executive Officer or designees, and support operations through and for 90 days following the grand opening.

How much will Six Flags (FUN) pay under the consulting agreement with Selim Bassoul?

Under the Consulting Agreement, Mr. Bassoul will receive a total fee of $1,550,000, plus reimbursement of reasonable and necessary expenses.

What is the term of the Six Flags (FUN) consulting agreement with Selim Bassoul?

The Consulting Agreement is effective January 1, 2026 and runs through December 31, 2026, with support for operations extending through 90 days after the grand opening of the Qiddiya location.

What key legal and contractual terms are included in the Six Flags (FUN) consulting agreement?

The agreement includes customary provisions such as confidentiality, limitation of liability, independent contractor status, non-solicitation, dispute resolution, mutual indemnification and a limited non-compete.

Where can investors find the full text of the Six Flags (FUN) consulting agreement?

The company stated that the full text of the Consulting Agreement with Mr. Bassoul will be filed as an exhibit to its next Annual Report on Form 10-K.