Six Flags Entertainment Corporation/NEW 8-K

What Happened
Six Flags Entertainment Corporation (Item 5.02) announced on December 29, 2025 that it entered into a Consultant Agreement with Selim Bassoul, effective January 1, 2026. Mr. Bassoul will provide advisory services for the Company’s Qiddiya project in Riyadh, Saudi Arabia through December 31, 2026, including overseeing development, serving as primary liaison with local operating partners and government stakeholders, facilitating introductions and knowledge transfer to the Company’s CEO or designee(s), and supporting operations through and for 90 days following the grand opening. The fee is $1,550,000 plus reimbursement of reasonable and necessary expenses. The agreement includes customary terms such as confidentiality, limitation of liability, independent contractor status, non-solicitation, dispute resolution, mutual indemnification and a limited non-compete. A copy of the Consultant Agreement will be filed as an exhibit in the Company’s next Form 10-K.

Key Details

• Agreement date: December 29, 2025; effective date: January 1, 2026
• Term: Through December 31, 2026 (plus support for 90 days after grand opening)
• Compensation: $1,550,000 total fee, plus reimbursement of reasonable expenses
• Scope: Oversight of Qiddiya development, liaison with local partners/government, introductions/knowledge transfer to CEO or designee

Why It Matters
This filing documents Six Flags’ formal advisory commitment to its major international development at Qiddiya, highlighting ongoing management focus and a defined consulting cost for 2026. Investors should note the explicit advisor role, the fixed fee and expense obligations, and the contractual protections (confidentiality, limited non-compete) that accompany the engagement. The full agreement will be available as an exhibit to the next Annual Report on Form 10-K for further review.