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Stock impact report

United Parks & Resorts Inc. Announces a $500 Million Share Repurchase Authorization and Stockholder Approval of Amended Stockholders Agreement with Hill Path Capital LP [Yahoo! Finance]

United Parks & Resorts Inc. (PRKS) 
Company Research Source: Yahoo! Finance
that on Monday, March 25, 2024 , its stockholders overwhelmingly approved a $500.0 million buyback authorization and the amendment of the stockholders agreement with Hill Path Capital LP ("Hill Path"). "We thank our stockholders for their quick consideration and vote on this important matter," said Marc Swanson , Chief Executive Officer of United Parks & Resorts Inc. "We are grateful to confirm the strong alignment between our board and our stockholders on our capital allocation priorities." On March 25, 2024 , United Parks & Resorts Inc. held a Special Meeting of Stockholders to: (1) approve the amendment, entered into on February 27, 2024 , to the Stockholders Agreement, dated May 27, 2019 , by and between Hill Path Capital LP and the Company; and (2) if the Amendment Proposal was approved, to approve and authorize a new $500.0 million share repurchase program of the Company's common stock, subject to the qualification that the Company will not repurchase additional shares if Hi Show less Read more
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