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

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Six Flags is also seekintg a $600 million secured by its assets, and $150 million in a new revolvinfcredit line. The company’s executive retentio plan would keep Snyder as board memberrand chairman. Mark Shapiro, currently chief executive, as well as chiegf financial officer Jeffrey Speed and severalo other top management would also stay on in executive Six Flags, which announce d its Chapter 11 bankruptcu filing over the weekend, listed $2.4 billion in debt and $3 billiojn in assets. It hopesa to cut debt by $1.8 billion and wipe out more than $300 millioh in preferred stock.
Snyder and his managemen team, who took control of the theme park operatotr three and a halfyear ago, have not been able to returjn the company to profitability, despit e increasing attendance and selling several parks to raisse capital last year. The company reporte a $146 million first quarter loss. Six Flags has said its reorganizatiohn will not affect park operations and its vendors and employees will continue to be Six Flags 20 theme parkss includein Largo.