Short answer
Six Flags Entertainment Corporation/NEW (FUN) filed an 8-K current report with the SEC on March 5, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure). Six Flags selling 6 parks to EPR Properties for $318.9M cash, including Worlds of Fun, Michigan's Adventure, Valleyfair, Great Escape, Schlitterbahn Galveston, and Six Flags St. Louis.
Six Flags Entertainment Corporation/NEW 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Six Flags selling 6 parks to EPR Properties for $318.9M cash, including Worlds of Fun, Michigan's Adventure, Valleyfair, Great Escape, Schlitterbahn Galveston, and Six Flags St. Louis
- Structured as 100% equity sale of park-holding subsidiaries: cleaner deal structure, transfers associated liabilities to buyer
- $31.9M (10%) of purchase price held in escrow at closing to secure Company's indemnification obligations
- 3-year non-compete restricts Six Flags from re-entering these markets; transition services extend through end of 2026 operating season
- EPR Properties is a REIT specializing in experiential real estate: divestiture likely part of Six Flags' portfolio optimization following Cedar Fair merger, concentrating on higher-performing assets
Item 7.01 · Regulation FD Disclosure
- Standard Reg FD liability disclaimer only: no material business information, data, or announcements disclosed in this filing excerpt
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