United Parks & Resorts Inc 8-K, filed Jan 2, 2020
United Parks & Resorts Inc. (PRKS)
About this 8-K
United Parks & Resorts Inc filed this 8-K on January 2, 2020, reporting on events of December 27, 2019.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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).
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 27, 2019, the Compensation Committee of the Board of Directors of SeaWorld Entertainment, Inc. (the “Company”) approved the following changes to the compensation of Dr. Christopher Dold, the Company’s Chief Zoological Officer: (i) increased his salary from $250,000 to $300,000 per year and (ii) authorized the grant of certain stock based awards on the first day of the Company’s next trading “window”, with the number of each determined by dividing the dollar value of the grant by the closing stock price on the date of grant (a) $150,000 worth of restricted stock units and $150,000 worth of Company stock options each of which vest pro rata over three years on the anniversary of the date of grant and (b) $250,000 worth of performance restricted stock units for the 2019-2021 performance period.
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.
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SEAWORLD ENTERTAINMENT, INC. |
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Date: January 2, 2020 |
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By: |
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/s/ G. Anthony (Tony) Taylor |
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Name: |
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G. Anthony (Tony) Taylor |
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Title: |
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Chief Legal Officer, General Counsel and Corporate Secretary |