S-8 1 a10-15345_1s8.htm S-8

 

As filed with the Securities and Exchange Commission on August 6, 2010

Registration No. 333-                   

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM S-8

 

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

SIX FLAGS ENTERTAINMENT CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

13-3995059

(State or other jurisdiction of

 

(I.R.S. Employer Identification No.)

incorporation or organization)

 

 

 

924 Avenue J East

Grand Prairie, TX  75050

 (Address of Principal Executive Offices)

 

Six Flags Entertainment Corporation Long-Term Incentive Plan

(Full title of the plan)

 

Danielle Bernthal, Esq.

Assistant General Counsel

Six Flags Entertainment Corporation

230 Park Avenue, 16th Floor

New York, NY 10169

(Name and address of agent for service)

 

(212) 652-9403

(Telephone number, including area code, of agent for service)

 

Copies of all communications to:

 

William F. Schwitter, Esq.

Paul, Hastings, Janofsky & Walker LLP

75 East 55th Street

New York, New York 10022

(212) 318-6000

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer  o

 

Accelerated filer  o

Non-accelerated filer    x (Do not check if a smaller reporting company)

 

Smaller reporting company  o

 

CALCULATION OF REGISTRATION FEE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proposed maximum

 

Proposed maximum

 

 

 

Title of securities

 

Amount to be

 

offering price

 

aggregate

 

Amount of

 

to be registered

 

registered (1)

 

per share

 

offering price

 

registration fee

 

Common Stock, par value $0.025 per share

 

4,833,333 shares

 

$

32.50

(2)

$

157,083,323

(2)

$

11,201

 

 

 

 

 

 

 

 

 

 

 

(1)  Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers an indeterminate number of additional shares of the Registrant’s Common Stock with respect to the shares registered hereunder in the event of a stock split, stock dividend or similar transaction.

 

(2)   Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) under the Securities Act, and based on the average of the high and low sales price of the common stock of the registrant as reported on the New York Stock Exchange under the trading symbol “SIX” on August 3, 2010. The stated registration fee is paid herewith.

 

 

 



 

STATEMENT UNDER GENERAL INSTRUCTION E.

REGISTRATION OF ADDITIONAL SECURITIES

 

EXPLANATORY NOTE

 

Except where otherwise indicated or as the context may otherwise indicate herein, the term “SFI” means Six Flags, Inc. as a debtor or prior to its name change to Six Flags Entertainment Corporation, and references to “SFEC” and the “Company” mean Six Flags Entertainment Corporation following the filing of the Restated Certificate of Incorporation, dated April 30, 2010 (the “Certificate of Incorporation”), with the Secretary of State of the State of Delaware.

 

On June 13, 2009, SFI and certain of its subsidiaries, which are referred to, along with SFI, as the Debtors, filed voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).  On April 30, 2010, the Bankruptcy Court entered an order, dated April 29, 2010 (the “Confirmation Order”), confirming the Debtors’ Modified Fourth Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code. The Modified Fourth Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, in the form confirmed by the Bankruptcy Court, is referred to as the “Plan.”  Pursuant to section 1142(b) of the Bankruptcy Code and Section 303(a) of the Delaware General Corporation Law (the “DGCL”), which required no further action by the directors or stockholders of SFI, the Confirmation Order, among other things, (i) provided for the reservation of shares of Common Stock pursuant to the Six Flags Entertainment Corporation Long-Term Incentive Plan, and (ii) authorized SFEC to implement the Six Flags Entertainment Corporation Long-Term Incentive Plan.

 

The shares covered by this Registration Statement represent 4,833,333 shares of Common Stock, $0.025 par value per share, of the Registrant that have become available for issuance under the Six Flags Entertainment Corporation Long-Term Incentive Plan.  Such issuance, among other things, is reflected in the Six Flags Entertainment Corporation Long-Term Incentive Plan.

 

PART I

INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS

 

Item 1. Plan Information*

 

Item 2. Registrant Information and Employee Plan Annual Information*

 


*              As permitted by Rule 428 under the Securities Act, this Registration Statement omits the information specified in Part I of Form S-8. The documents containing the information specified in Part I will be delivered to the participants in the plan covered by this Registration Statement as required by Rule 428(b). Such documents are not being filed with the Securities and Exchange Commission (the “Commission”) as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.  These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act. The Registrant will provide a written statement to participants advising them of the availability without charge, upon written or oral request, of the documents incorporated by

 

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reference in Item 3 of Part II hereof and including the statement in the preceding sentence. The written statement to all participants will indicate the availability without charge, upon written or oral request, of other documents required to be delivered pursuant to Rule 428(b), and will include the address and telephone number to which the request is to be directed.

 

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3.  Incorporation By Reference.

 

The Registrant hereby incorporates by reference into this Registration Statement the following documents previously filed with the Commission:

 

(a)                                  the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009, filed on March 5, 2010, and the Amendment to the Annual Report on Form 10-K for the fiscal year ended December 31, 2009, filed on April 26, 2010;

 

(b)                                 the Registrant’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2010, filed on May 17, 2010;

 

(c)                                  the Registrant’s Current Reports on Form 8-K, filed on May 4, 2010, May 11, 2010, May 14, 2010, May 24, 2010, June 4, 2010, June 17, 2010 and June 21, 2010 (two filings); and

 

(d)                                 the description of the Registrant’s Common Stock, par value $0.025 per share, set forth in its Registration Statement on Form 8-A filed on June 17, 2010.

 

In addition, all of the Registrant’s reports filed with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), after the date of this Registration Statement and prior to filing a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such reports.

 

Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

 

Item 6.  Indemnification of Officers and Directors.

 

The Registrant is incorporated under the laws of the State of Delaware.  Section 145 of the DGCL provides that a Delaware corporation may indemnify any persons who are, or are threatened to be made, parties to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of such corporation, by reason of the fact that such person is or was an officer, director, employee or agent of such corporation, or is or was serving at the request of such corporation as a director,

 

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officer, employee or agent of another corporation or enterprise, if such person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person’s conduct was unlawful.  Section 145 of the DGCL further authorizes a corporation to purchase and maintain insurance on behalf of any indemnified person against any liability asserted against him or her and incurred by him or her in any indemnified capacity, or arising out of his or her status as such, regardless of whether the corporation would otherwise have the power to indemnify him or her under the DGCL.

 

In accordance with Section 102(b)(7) of the DGCL, Article 8 of the Certificate of Incorporation of the Company (the “Certificate of Incorporation”) provides that directors shall not be personally liable to SFEC or any of its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent that such exemption from liability or limitation thereof is not permitted by the DGCL as the same exists or may be amended.  If the DGCL is amended to authorize corporate action further limiting or eliminating the liability of directors, then the liability of a director to SFEC or its stockholders shall be limited or eliminated to the full extent permitted by the DGCL, as so amended.

 

Pursuant to Article 9 Section 1 of the Certificate of Incorporation, SFEC will indemnify and hold harmless, to the fullest extent not prohibited by applicable law as it presently exists or may hereafter be amended, any person (a “Covered Person”) who was or is made or is threatened to be made a party or is otherwise involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a “proceeding”), by reason of the fact that he or she, or a person for whom he or she is the legal representative, is or was a director or officer of the Company or, while a director or officer of the Company, is or was serving at the request of the Company as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust, enterprise or nonprofit entity, including service with respect to employee benefit plans, whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or agent, or in any other capacity while serving as a director, officer, employee or agent, against all liability and loss suffered and expenses (including, without limitation, attorneys’ fees, judgments, fines, ERISA excise taxes and penalties and amounts paid in settlement) reasonably incurred or suffered by such Covered Person in connection with such proceeding, and such right to indemnification shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of his or her heirs, executors and administrators.  Notwithstanding the preceding sentence, the Company shall be required to indemnify a Covered Person in connection with a proceeding (or part thereof other than a mandatory counterclaim) commenced by such Covered Person only if the commencement of such proceeding (or part thereof other than a mandatory counterclaim) by the Covered Person was authorized in the specific case by the Board.  The right to indemnification conferred by the Certificate of Incorporation shall be a contract right that shall fully vest at the time the Covered Person first assumes his or her position as a director or officer of the Company and shall include the right to be paid by the Company the expenses incurred in defending or otherwise participating in any such proceeding in advance of its final disposition.

 

Pursuant to Article 9 Section 2 of the Certificate of Incorporation, SFEC shall to the fullest extent not prohibited by applicable law pay the expenses (including, without limitation, attorneys’ fees) incurred by a Covered Person in defending, testifying, or otherwise participating in any such proceeding in advance of its final disposition; provided, however, that, if the DGCL requires, an advancement of expenses incurred by a Covered Person in his or her capacity as a director or officer of the Company (and not in any other capacity in which service was or is

 

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rendered by such Covered Person, including, without limitation, service to an employee benefit plan) shall be made only upon delivery to the Company of an undertaking, by or on behalf of such Covered Person, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal that such Covered Person is not entitled to be indemnified for such expenses under Article 9 of the Certificate of Incorporation or otherwise.

 

In addition to the provisions of the Certificate of Incorporation, the Registrant has entered into indemnification agreements with all of its directors, to indemnify the directors to the fullest extent permitted by applicable law (in addition to any indemnification rights provided in the Certificate of Incorporation or Bylaws of the Company). The indemnification agreements may require SFEC, among other things, to indemnify its directors against certain liabilities that may arise by reason of their status or service as directors, other than liabilities arising from willful misconduct of culpable nature, to advance their expenses incurred as a result of any proceeding against them as to with they could be indemnified, and to obtain directors’ insurance if available on reasonable terms.

 

As permitted by to Section 145 of the DGCL and the Certificate of Incorporation, the Registrant also maintains directors and officers insurance to insure such persons against certain liabilities.

 

Item 8.    Exhibits.

 

 

4.1

Registration Rights Agreement, dated as of April 30, 2010, among the Company and certain holders of the Company’s common stock (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K, filed with the Commission on May 4, 2010, Commission File No. 001-13703)

 

 

 

 

5.1

Opinion of Paul, Hastings, Janofsky & Walker LLP

 

 

 

 

23.1

Consent of Paul, Hastings, Janofsky & Walker LLP (included in Exhibit 5.1)

 

 

 

 

23.2

Consent of Independent Registered Public Accounting Firm

 

 

 

 

99.1

Six Flags Entertainment Corporation Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on May 4, 2010, Commission File No. 001-13703)

 

Item 9.  Undertakings

 

(a)                                  The Registrant hereby undertakes:

 

(1)           To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

 

(i)                                     To include any prospectus required by Section 10(a)(3) of the Securities

 

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Act;

 

(ii)           To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities would not exceed that which was registered) and any deviation from the low or high end of the maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;

 

(iii)          To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

 

Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

 

(2)           that, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;

 

(3)           to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering;

 

(b)          The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(c)           Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling

 

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precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on August 6, 2010.

 

 

 

SIX FLAGS ENTERTAINMENT CORPORATION

 

 

 

By:

/s/ Alexander Weber, Jr.

 

Name:

Alexander Weber, Jr.

 

Title:

President and Interim Chief Executive Officer

 

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated:

 

Signature

 

Title

 

Date

 

 

 

 

 

/s/ Usman Nabi

 

Chairman of the Board of Directors

 

August 6, 2010

Usman Nabi

 

 

 

 

 

 

 

 

 

/s/ Alexander Weber, Jr.

 

President and Interim Chief Executive Officer (Principal Executive

 

August 6, 2010

Alexander Weber, Jr.

 

Officer)

 

 

 

 

 

 

 

/s/ Jeffrey R. Speed

 

Executive Vice President and Chief Financial Officer (Principal

 

August 6, 2010

Jeffrey R. Speed

 

Financial and Accounting Officer)

 

 

 

 

 

 

 

/s/ Charles Koppelman

 

Director

 

August 6, 2010

Charles Koppelman

 

 

 

 

 

 

 

 

 

/s/ Daniel C. Murphy

 

Director

 

August 6, 2010

Daniel C. Murphy

 

 

 

 

 

 

 

 

 

/s/ John Baker

 

Director

 

August 6, 2010

John Baker

 

 

 

 

 

 

 

 

 

/s/ Jon Luther

 

Director

 

August 6, 2010

Jon Luther

 

 

 

 

 

 

 

 

 

/s/ Kurt Cellar

 

Director

 

August 6, 2010

Kurt Cellar

 

 

 

 

 

 

 

 

 

/s/ Stephen Owens

 

Director

 

August 6, 2010

Stephen Owens

 

 

 

 

 

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INDEX TO EXHIBITS

 

4.1

 

Registration Rights Agreement, dated as of April 30, 2010, among the Company and certain holders of the Company’s common stock (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K, filed with the Commission on May 4, 2010, Commission File No. 001-13703)

 

 

 

5.1

 

Opinion of Paul, Hastings, Janofsky & Walker LLP

 

 

 

23.1

 

Consent of Paul, Hastings, Janofsky & Walker LLP (included in Exhibit 5.1)

 

 

 

23.2

 

Consent of Independent Registered Public Accounting Firm

 

 

 

99.1

 

Six Flags Entertainment Corporation Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Commission on May 4, 2010, Commission File No. 001-13703)

 

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