SYNDER Claims To Have Votes To Oust SIX FLAGS CEO

(From Sports Business Daily)

REDSKINS Owner DANIEL SYNDER announced that he has "enough shareholder votes to remove" SIX FLAGS Chairman and CEO KIERAN BURKE, SIX FLAGS CFO JAMES DANNHAUSER and ALLEN AND COMPANY Managing Director STANLEY SHUMAN from the company's Board Of Directors, according to BARRY SHLACHTER of the FT. WORTH STAR-TELEGRAM.

Snyder claimed that 57% of the company’s stockholders
"voted to oust" the executives, who would be replaced by Snyder, RED ZONE CEO MARK SHAPIRO and NVR INC. Chairman DWIGHT SCHAR.

SIX FLAGS said that "no one would leave the board until the votes are verified by an outside firm."

RED ZONE has filed a "summary finding in Delaware Chancery Court to seat its nominees and remove" Burke, Dannhauser and Shuman.

Snyder said that with control of the company, he would "implement a new marketing strategy, sell off 3,500 acres
of unused land and replace Burke" as CEO with Shapiro.
Snyder would become SIX FLAGS Chairman.

In DC, ANNYS SHIN notes even if Snyder is successful in securing the shareholders' votes, he would land only three of the seven seats on the Board Of Directors, "not enough to force Burke out and vote in Shapiro."

THE WALL STREET JOURNAL's DENNIS BERMAN reports under Snyder and Shapiro's plan, SIX FLAGS theme parks "would focus less on teenagers and more on families and younger children."

Snyder and Shapiro discussed parks where marketers "could get their products directly in front of consumers -– and pay SIX FLAGS for the right to do so."

They also plan on "installing a set of children's entertainment characters -- to better attract children to the parks."