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Stock impact report

SeaWorld CEO steps down amid continuing fallout from 'Blackfish' documentary [Los Angeles Times (CA)]

SeaWorld Entertainment, Inc. (SEAS) 
Last seaworld entertainment, inc. earnings: 2/26 06:30 am Check Earnings Report
SeaWorld CEO steps down amid continuing fallout from 'Blackfish' documentary SeaWorld Entertainment Chief Executive Joel Manby is stepping down after failing to deliver a rebound in sliding attendance and revenues that have dogged the company years after the release of the anti-animal captivity film "Blackfish." The Tuesday morning announcement came on the same day as the release of fourth-quarter earnings, which, in a replay of past quarterly reports, revealed a continued slump in revenues and a nearly 3% drop in attendance. Taking Manby's place as interim chief executive will be John T. Reilly, 49, the company's chief operations officer who previously had been president of SeaWorld San Diego. He will be getting a $30,000 increase in pay, according to a filing with the Securities and Exchange Commission . "The board agreed that this transition plan is the right approach to advance the company's progress and create value for all our important stakeholders," said Donald Robinson, SeaW Show less Read more
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