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

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Six Flags is also seeking a $600 millionj loan, secured by its assets, and $150 million in a new revolvingfcredit line. The company’s executivse retention plan would keep Snyder as boarrd memberand chairman. Mark Shapiro, currentl chief executive, as well as chietf financial officer Jeffrey Speed and several othef top management would also stay on inexecutiv roles. Six Flags, which announced its Chapter 11 bankruptcu filing overthe weekend, listex $2.4 billion in debt and $3 billionh in assets. It hopes to cut debt by $1.8 billioh and wipe out more than $300 milliomn in preferred stock.
Snyder and his management who took control of the theme park operatofr three and a halfyearsw ago, have not been able to returjn the company to profitability, despite increasiny attendance and selling severalp parks to raise capital last year. The companyh reported a $146 million first quarter Six Flags has said its reorganization will not affect park operationsa and its vendors and employees will continur tobe paid. Six Flags 20 themee parks includein Largo.