Six Flags Entertainment Corporation/NEW 8-K

What Happened
Six Flags Entertainment Corporation filed an 8-K on January 5, 2026, disclosing that its wholly-owned subsidiary, Six Flags Theme Parks, has determined it will not exercise the End-of-Term Option under the Overall Agreement dated November 24, 1997, with respect to the partnership that holds Six Flags Over Texas (SFOT) in Arlington, Texas. The Company was required to notify the Texas Partnership by December 31, 2025 if it intended to exercise the option to require redemption of outstanding limited partner interests; after review, the Company concluded exercising the option is not in its current best interest. The Company will continue to operate and manage SFOT under the existing partnership agreement and is evaluating other options and alternatives available under the Overall Agreement.

Key Details

• Filing: Form 8-K filed January 5, 2026 (Item 8.01 — Other Events).
• Agreement date: Overall Agreement dated November 24, 1997.
• Timing: Company obligations with the Texas Partnership continue through January 2028; notice to exercise End-of-Term Option was required by December 31, 2025.
• Operations: Six Flags will continue to operate SFOT and has continued investing in capital improvements, new attractions, and guest-experience enhancements.

Why It Matters
For investors, this means Six Flags will remain the operator and manager of SFOT under the current partnership structure rather than triggering an immediate redemption process that could have changed the ownership or cash flows tied to the park. The decision keeps potential redemption-related cash obligations and structural changes off the near-term horizon, while preserving the Company’s flexibility through January 2028 to pursue alternatives under the agreement. Continued capital investment in SFOT signals the company’s confidence in the park’s long-term value to its portfolio.