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 elected Carlos A. Ruisanchez and
re-elected D. Scott Olivet and John M. Scott, III to the Board of
Directors of its general partner, Cedar Fair Management, Inc., for
three-year terms expiring in 2022.
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 have Carlos Ruisanchez join our Board of Directors,”
said Richard Zimmerman, Cedar Fair’s president and CEO. “We are equally
pleased to retain Scott Olivet as a member of our Audit Committee and
John Scott as a member of our Compensation Committee and Nominating and
Corporate Governance Committee. The collective knowledge and expertise
of our Board continues to be a great asset for Cedar Fair and will
ensure our focus remains on building short and long-term value creation
for our unitholders.”
Ruisanchez, 48, is a finance and entertainment executive with more than
25 years of experience. Most recently, he served as president and CFO,
and board director, of Pinnacle Entertainment, Inc., a leading regional
gaming entertainment company, until its sale in October 2018. Prior to
joining Pinnacle, Mr. Ruisanchez served at Bear, Stearns & Co. as senior
managing director responsible for corporate clients in the gaming,
lodging and leisure industries, as well as financial sponsor banking
relationships.
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
make people happy by providing fun, immersive and memorable experiences,
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 four 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.
Forward-Looking Statements
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.
Contacts
Investor Relations
419.627.2233
www.cedarfair.com
