Velarion · Company Intelligence
Compensation Brief
Fiscal year 2022 · Filings through 2026-05-06

Six Flags Entertainment (SIX)

Fiscal year 2022 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$11,932,585
Selim Bassoul total, FY2022
38th
CEO pay percentile vs peers
35:1
CEO-to-median pay ratio
89.37%
Say-on-pay support, latest vote
Companies that benchmark against SIX
1 company names SIX as a compensation peer

Each company listed discloses SIX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SIX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2022

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Selim Bassoul$178,846$469,471$11,014,293$0$0$0$269,975$11,932,585
President & CEO
Michael Spanos1,025,04803,237,81002,249,68802,886,6009,399,146
Former President & CEO
Laura Doerre632,5000399,9700877,50001,246,6003,156,570
Former EVP, GC & CAO
Gary Mick256,1540692,494034,445146,6531,129,656
Chief Financial Officer
Stephen Purtell400,0000202,188036,607180,681819,476
Former Interim CFO; Current Senior Vice President Corporate Communications, Investor Relations and Treasurer
Aimee Williams-Ramey188,4620438,889025,2740652,625
Chief Legal Officer and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2022 totalFY2021 totalFY2020 totalΔ FY20212022
Selim Bassoul$11,932,585
Michael Spanos9,399,146
Laura Doerre3,156,570
Gary Mick1,129,656
Stephen Purtell819,476
Aimee Williams-Ramey652,625

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sandeep Reddy2021-03-087,993$399,970
Laura Doerre2021-03-087,993399,970
Selim BassoulRSU2021-05-052,421104,975
Michael Spanos2021-03-0834,9721,749,999
Selim BassoulRSU2021-01-291,97367,477
Selim BassoulRSU2021-11-15246,42610,734,317
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Selim Bassoul$10,906,769$0$00.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-05-1061,421,8627,308,26085,82989.37%Passed
20222022-05-1154,114,6359,237,01490,24185.42%Passed
20212021-05-0537,252,98124,836,178766,80960%Passed
20202020-05-0656,166,6953,447,222501,56794.22%Passed
20192019-05-0147,294,46720,840,512248,72269.41%Passed
20182018-05-0241,612,25431,495,5711,609,38556.92%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20232023-05-1089.37%a
20222022-05-1185.42%b
20212021-05-0560%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)35 : 1
CEO total compensation$11,932,585
Median employee compensation
08

Director compensation — fiscal year 2022

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ben BaldanzaIndependent · Board Chair · Audit · Compensation · Nominating/Governance$123,576$159,998$0$0$0$283,574
Enrique RamirezIndependent · Audit (Chair) · Compensation113,576159,998000273,574
Esi Eggleston BraceyIndependent · Audit · Compensation100,508159,998000260,506
Denise M. ClarkIndependent · Audit · Nominating/Governance (Chair) · Newly elected71,250159,998000231,248
Chieh HuangIndependent · Audit · Nominating/Governance · Newly elected41,650155,615000197,265
Arik RuchimIndependent · Compensation (Chair) · Nominating/Governance000000
Selim BassoulEmployee director00000
Marilyn SpiegelIndependent · Nominating/Governance · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2022
Cash retainers and fees$450,560
Equity awards (grant-date value)$795,607
All other compensation$0
Total cost of the board$1,246,167

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2022

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Six Flags Entertainment names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Six Flags Entertainment.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Live Nation Entertainment, Inc.2025Michael Rapino$3,000,000$10,000,368$0$17,372,522$32,552,324
2Penn National Gaming, Inc.2025Jay Snowden1,800,00014,249,9894,750,0042,984,40024,126,651
3Churchill Downs Incorporated2025William Carstanjen1,800,00011,443,38005,763,33119,172,839
4Boyd Gaming Corporation2025Keith Smith1,850,0009,124,85803,700,00014,697,487
5Dave & Buster's Entertainment, Inc.2025Tarun Lal452,3087,590,7636,458,289014,502,745
6Marriott Vacations Worldwide Corporation2025John Geller888,4625,599,9841,399,992014,344,132
7Hilton Grand Vacations Inc.2025Mark Wang1,345,9627,762,44804,540,20014,067,191
8Norwegian Cruise Line Holdings Ltd.2025Harry Sommer1,300,0009,499,96002,880,80013,752,560
9Six Flags Entertainment2022Selim Bassoul178,84611,014,2930011,932,585
10Texas Roadhouse, Inc.2025Gerald Morgan1,356,5388,410,9280909,41310,822,133
11Cinemark Holdings, Inc.2025Sean Gamble1,000,0006,499,96803,200,00010,815,407
12Choice Hotels International, Inc.2025Patrick Pacious1,288,4624,000,09802,464,4238,074,700
13Vail Resorts, Inc.2025Robert Katz1,123,5881,405,6931,405,69303,952,230
14SeaWorld Entertainment, Inc.2024Marc Swanson450,000337,496274,5597,9651,078,031
AMC Entertainment Holdings, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Six Flags Entertainment150%PSU 50 · RSU 50NoFW Cook
AMC Entertainment Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Boyd Gaming Corporation100%PSU 60 · RSU 40NoExequity
Choice Hotels International, Inc.95.5%PSU 100NoMeridian Compensation Partners
Churchill Downs Incorporated128.0%PSU 50 · RSU 50NoFrederic W. Cook & Co., Inc.
Cinemark Holdings, Inc.200%PSU 60 · RSU 40NoPearl Meyer
Dave & Buster's Entertainment, Inc.not disclosedRSU 33 · PSU 33 · Options 33NoFW Cook
Hilton Grand Vacations Inc.113%PSU 60 · RSU 40NoPearl Meyer
Live Nation Entertainment, Inc.102%not disclosedNoThe Croner Company
Marriott Vacations Worldwide Corporation67.27%PSU 50 · RSU 30 · Options 20NoExequity LLP
Norwegian Cruise Line Holdings Ltd.110.8%PSU 50 · RSU 50NoKorn Ferry
Penn National Gaming, Inc.66.3%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC
SeaWorld Entertainment, Inc.not disclosednot disclosednot disclosednot disclosed
Texas Roadhouse, Inc.65%RSU 50 · PSU 50NoFW Cook
Vail Resorts, Inc.92%RSU 50 · Options 50not disclosedAon

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Selim BassoulDEF 14A2023-03-280001140361-23-014183Section “2022 Summary Compensation Table” · page 48. As printed: 11,932,585. Filing ↗machine: t138 · r2 · c19 · span 1013842–1013852
2Section 01, Michael SpanosDEF 14A2023-03-280001140361-23-014183Section “Executive Compensation”. As printed: 9,399,146. Filing ↗
3Section 01, Laura DoerreDEF 14A2023-03-280001140361-23-014183Section “Executive Compensation”. As printed: 3,156,570. Filing ↗
4Section 01, Gary MickDEF 14A2023-03-280001140361-23-014183Section “2022 Summary Compensation Table” · page 48. As printed: 1,129,656. Filing ↗machine: r3 · c22 · span 1019609–1019618
5Section 01, Stephen PurtellDEF 14A2023-03-280001140361-23-014183Section “2022 Summary Compensation Table” · page 48. As printed: 819,476. Filing ↗machine: r5 · c22 · span 1031750–1031757
6Section 01, Aimee Williams-RameyDEF 14A2023-03-280001140361-23-014183Section “2022 Summary Compensation Table” · page 48. As printed: 652,625. Filing ↗machine: r4 · c22 · span 1025638–1025645
7Section 03, Sandeep Reddy DEF 14A2023-03-280001140361-23-014183Section “2022 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t138 · r7 · c10 · span 1040658–1040665
8Section 03, Laura Doerre DEF 14A2023-03-280001140361-23-014183Section “2022 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Selim Bassoul RSUDEF 14A2023-03-280001140361-23-014183Section “2022 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t55 · r2 · c13 · span 419069–419070
10Section 03, Michael Spanos DEF 14A2023-03-280001140361-23-014183Section “2022 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 303849–303851
11Section 03, Selim Bassoul RSUDEF 14A2023-03-280001140361-23-014183Section “2022 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t55 · r2 · c13 · span 419069–419070
12Section 03, Selim Bassoul RSUDEF 14A2023-03-280001140361-23-014183Section “2022 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t151 · r2 · c22 · span 1214598–1214605
13Section 07, pay ratioDEF 14ASection “CEO Pay Ratio”. As printed: 35 : 1.machine: span 1806854–1806861
14Section 08, Ben BaldanzaDEF 14A2022-03-290001140361-22-011658Section “Director Compensation”. As printed: 283,574. Filing ↗
15Section 08, Enrique RamirezDEF 14A2022-03-290001140361-22-011658Section “Director Compensation”. As printed: 273,574. Filing ↗
16Section 08, Esi Eggleston BraceyDEF 14A2022-03-290001140361-22-011658Section “Director Compensation”. As printed: 260,506. Filing ↗
17Section 08, Denise M. ClarkDEF 14A2022-03-290001140361-22-011658Section “Director Compensation”. As printed: 231,248. Filing ↗
18Section 08, Chieh HuangDEF 14A2023-03-280001140361-23-014183Section “Director Compensation”. As printed: 197,265. Filing ↗machine: t89 · r4 · c10 · span 627054–627061
19Section 08, Arik RuchimDEF 14A2022-03-290001140361-22-011658Section “Director Compensation”. As printed: 0. Filing ↗
20Section 08, Selim BassoulDEF 14A2022-03-290001140361-22-011658Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Marilyn SpiegelDEF 14A2023-03-280001140361-23-014183Section “Director Compensation”. As printed: 0. Filing ↗
22Section 06, 2023 voteForm 8-K2023-05-120000701374-23-000028Item 5.07 · say-on-pay result. As reported: 89.37% (votes for as printed: 61,421,862). Filing ↗
23Section 06, 2022 voteForm 8-K2022-05-110000701374-22-000009Item 5.07 · say-on-pay result. As reported: 85.42% (votes for as printed: 54,114,635). Filing ↗
24Section 06, 2021 voteForm 8-K2021-05-060000701374-21-000035Item 5.07 · say-on-pay result. As reported: 60%. Filing ↗
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 450,560 + equity 795,607 + all other 0 = 1,246,167, summed across the director compensation table rows.machine: formula: Σ = 1,246,167
27Live Nation Entertainment, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-174146CEO total compensation as printed in Live Nation Entertainment, Inc.'s own proxy. As printed: 32,552,324. Filing ↗machine: r2 · c31 · span 714411–714421
28Penn National Gaming, Inc., Section 10b CEO totalDEF 14A2026-04-270001140361-26-016846CEO total compensation as printed in Penn National Gaming, Inc.'s own proxy. As printed: 24,126,651. Filing ↗machine: r2 · c25 · span 1628709–1628719
29Churchill Downs Incorporated, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104118CEO total compensation as printed in Churchill Downs Incorporated's own proxy. As printed: 19,172,839. Filing ↗machine: r4 · c25 · span 874946–874956
30Boyd Gaming Corporation, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116798CEO total compensation as printed in Boyd Gaming Corporation's own proxy. As printed: 14,697,487. Filing ↗machine: r3 · c34 · span 359765–359775
31Dave & Buster's Entertainment, Inc., Section 10b CEO totalDEF 14A2026-05-060001525769-26-000018CEO total compensation as printed in Dave & Buster's Entertainment, Inc.'s own proxy. As printed: 14,502,745. Filing ↗machine: t109 · r2 · c21 · span 822340–822350
32Marriott Vacations Worldwide Corporation, Section 10b CEO totalDEF 14A2026-03-260001193125-26-125219CEO total compensation as printed in Marriott Vacations Worldwide Corporation's own proxy. As printed: 14,344,132. Filing ↗machine: t253 · r5 · c34 · span 833147–833157
33Hilton Grand Vacations Inc., Section 10b CEO totalDEF 14A2026-03-170001140361-26-009850CEO total compensation as printed in Hilton Grand Vacations Inc.'s own proxy. As printed: 14,067,191. Filing ↗machine: r2 · c21 · span 1149244–1149255
34Norwegian Cruise Line Holdings Ltd., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052146CEO total compensation as printed in Norwegian Cruise Line Holdings Ltd.'s own proxy. As printed: 13,752,560. Filing ↗machine: r1 · c56 · span 938613–938623
35Six Flags Entertainment (subject), Section 10b CEO totalDEF 14A2023-03-280001140361-23-014183CEO total compensation as printed in Six Flags Entertainment's own proxy. As printed: 11,932,585. Filing ↗machine: t138 · r2 · c19 · span 1013842–1013852
36Texas Roadhouse, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041771CEO total compensation as printed in Texas Roadhouse, Inc.'s own proxy. As printed: 10,822,133. Filing ↗machine: t125 · r3 · c14 · span 1328962–1328972
37Cinemark Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-138033CEO total compensation as printed in Cinemark Holdings, Inc.'s own proxy. As printed: 10,815,407. Filing ↗machine: r3 · c7 · span 1130071–1130081
38Choice Hotels International, Inc., Section 10b CEO totalDEF 14A2026-04-220001046311-26-000013CEO total compensation as printed in Choice Hotels International, Inc.'s own proxy. As printed: 8,074,700. Filing ↗machine: r2 · c27 · span 1071913–1071922
39Vail Resorts, Inc., Section 10b CEO totalDEF 14A2025-10-300000812011-25-000221CEO total compensation as printed in Vail Resorts, Inc.'s own proxy. As printed: 3,952,230. Filing ↗machine: t169 · r3 · c15 · span 860012–860021
40SeaWorld Entertainment, Inc., Section 10b CEO totalDEF 14A2025-04-300000950170-25-061190CEO total compensation as printed in SeaWorld Entertainment, Inc.'s own proxy. As printed: 1,078,031. Filing ↗machine: r2 · c29 · span 1290425–1290434
41Section 10a, Penn National Gaming, Inc. reciprocityDEF 14A0001140361-26-016846Penn National Gaming, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
42Section 10a, Choice Hotels International, Inc. reciprocityDEF 14A0001046311-26-000013Choice Hotels International, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
43Section 10a, Live Nation Entertainment, Inc. reciprocityDEF 14A0001193125-26-174146Live Nation Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
44Section 10a, Norwegian Cruise Line Holdings Ltd. reciprocityDEF 14A0001104659-26-052146Norwegian Cruise Line Holdings Ltd.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
45Section 10a, Texas Roadhouse, Inc. reciprocityDEF 14A0001104659-26-041771Texas Roadhouse, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
46Section 10a, Churchill Downs Incorporated reciprocityDEF 14A0001193125-26-104118Churchill Downs Incorporated's most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
47Section 10a, Cinemark Holdings, Inc. reciprocityDEF 14A0001193125-26-138033Cinemark Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
48Section 10a, Boyd Gaming Corporation reciprocityDEF 14A0001193125-26-116798Boyd Gaming Corporation's most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
49Section 10a, Vail Resorts, Inc. reciprocityDEF 14A0000812011-25-000221Vail Resorts, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
50Section 10a, Hilton Grand Vacations Inc. reciprocityDEF 14A0001140361-26-009850Hilton Grand Vacations Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
51Section 10a, Marriott Vacations Worldwide Corporation reciprocityDEF 14A0001193125-26-125219Marriott Vacations Worldwide Corporation's most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗
52Section 10a, Dave & Buster's Entertainment, Inc. reciprocityDEF 14A0001525769-26-000018Dave & Buster's Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include Six Flags Entertainment. Filing ↗