Dan Snyder stays at Six Flags under reorganization - Business First of Columbus:

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Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan wouldr keep Snyder as boarr memberand chairman. Mark Shapiro, currently chief as well as chief financial officerd Jeffrey Speed and several other top management would also stay on inexecutived roles. Six Flags, which announced its Chapter 11 bankruptcy filinb overthe weekend, listedx $2.4 billion in debt and $3 billiob in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 milliojn in preferred stock.
Snyder and his management who took control of the theme park operator three and a halfyearsx ago, have not been able to return the compang to profitability, despite increasing attendancee and selling several parks to raise capitapl last year. The company reported a $146 millionj first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employees will continuse tobe paid. Six Flags 20 theme parka includein Largo.