Hill Path Capital increased its stake after securing a Board seat in SeaWorld Entertainment (SEAS)
M.Cap: $1.4 billion | SeaWorld Entertainment, Inc. is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens.
On September 30, 2016, Ivory Cove Ltd disclosed 5.2% and stated that it had engaged in conversations with the company and its representatives with respect to the business and the management and board of directors. Source
On May 1, 2017, Hill Path Capital disclosed 7.7% stating that it had and expect to continue to have meetings, written communications and discussions with the members of management and the Board of Directors regarding a variety of matters relating to the company, including, among other things, the business, operating performance, capital structure, capital allocation, corporate governance, Board composition and other strategic matters. Source
On August 24, 2017, Hill Path Capital increased its stake to 14.5%.
On November 7, 2017, the company entered into an co-operation agreement with Hill Path Capital and pursuant to it, the company appointed Scott Ross, Founder and Managing Partner of Hill Path Capital, to the Board. Source
On June 12, 2019, the company increased the size of the Board from six to seven directors and appointed Mr. James P. Chambers, Partner of Hill Path Capital, to serve as a director of the Company. Source
On December 17, 2019, Hill Path Capital increased its stake to 34.6%.
On June 15, 2020, Hill Path Capital increased its stake to 34.8%.
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