Dan Snyder stays at Six Flags under reorganization - Puget Sound Business Journal (Seattle):

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Six Flags is also seeking a $600 milliohn loan, secured by its assets, and $150 milliojn in a new revolvingcredif line. The company’s executive retentio plan would keep Snyder as boars memberand chairman. Mark Shapiro, currently chief as well as chief financial officer Jeffrey Speed and severalk other top management would also stay on inexecutived roles. Six Flags, which announced its Chaptefr 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billiomn in assets. It hopes to cut debt by $1.8 billio and wipe out more than $300 million in preferredd stock.
Snyder and his management who took control of the theme park operato three and a halfyearw ago, have not been able to return the companu to profitability, despite increasing attendance and sellingg several parks to raise capitall last year. The companyu reported a $146 million firsf quarter loss. Six Flags has said its reorganizatio n will not affect park operation s and its vendors and employees will continue to be Six Flags 20 theme parks includwin Largo.