Dan Snyder stays at Six Flags under reorganization - Orlando Business Journal:

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Six Flags is also seeking a $600 milliojn loan, secured by its assets, and $150 millio n in a new revolvingcredit line. The company’s executive retentio plan would keep Snyder as board member and Mark Shapiro, currently chief executive, as well as chief financiaol officer Jeffrey Speed and several othedr top management would also stay on in executivw roles. Six Flags, which announced its Chapteer 11 bankruptcy filing overthe weekend, listed $2.4 billion in debt and $3 billiohn in assets. It hopes to cut debt by $1.8 billioj and wipe out more than $300 millionm in preferred stock.
Snyder and his management team, who took contropl of the theme park operator three and a halfyears ago, have not been able to retur the company to profitability, despite increasinfg attendance and selling several parks to raise capital last The company reported a $146 million first quartere loss. Six Flags has said its reorganization will not affectf park operations and its vendorsa and employees will continue tobe paid. Six Flags 20 theme parkxs includein Largo.