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SeaWorld shareholders vote to remove chair at annual meeting
POSTED 15 Jun 2017 . BY Tom Anstey
David D'Alessandro was appointed SeaWorld chair in 2010 Credit: Flickr.com
SeaWorld chair David D’Alessandro’s position is under threat after he failed to win a majority of votes for his re-election at the company’s annual meeting.

The effective vote of no confidence comes after SeaWorld announced plans to award shares to some of its executives including D’Alessandro despite the company missing set targets and stocks plummeting in the face of negative PR surrounding the 2013 movie Blackfish.

In a letter to shareholders prior to the meeting, SeaWorld said that D’Alessandro, along with eight other executives, had agreed to forfeit 40 percent of their share payout. The move didn’t help D’Alessandro however, who failed to receive the shareholders' support during the meeting.

According to SeaWorld bylaws D'Alessandro, who was appointed in 2010, is required to offer his resignation, with the board making a decision in the next 90 days over his future.

“SeaWorld’s entire Board of Directors has been intensely focused on building value for shareholders by implementing a well-defined plan of fundamental change,” said SeaWorld in a statement to Attractions Management.

“The Board will continue to proceed in the best interest of shareholders following this year’s Annual Meeting. The Board will determine what action will be taken within the next 90 days.”
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NEWS
SeaWorld shareholders vote to remove chair at annual meeting
POSTED 15 Jun 2017 . BY Tom Anstey
David D'Alessandro was appointed SeaWorld chair in 2010 Credit: Flickr.com
SeaWorld chair David D’Alessandro’s position is under threat after he failed to win a majority of votes for his re-election at the company’s annual meeting.

The effective vote of no confidence comes after SeaWorld announced plans to award shares to some of its executives including D’Alessandro despite the company missing set targets and stocks plummeting in the face of negative PR surrounding the 2013 movie Blackfish.

In a letter to shareholders prior to the meeting, SeaWorld said that D’Alessandro, along with eight other executives, had agreed to forfeit 40 percent of their share payout. The move didn’t help D’Alessandro however, who failed to receive the shareholders' support during the meeting.

According to SeaWorld bylaws D'Alessandro, who was appointed in 2010, is required to offer his resignation, with the board making a decision in the next 90 days over his future.

“SeaWorld’s entire Board of Directors has been intensely focused on building value for shareholders by implementing a well-defined plan of fundamental change,” said SeaWorld in a statement to Attractions Management.

“The Board will continue to proceed in the best interest of shareholders following this year’s Annual Meeting. The Board will determine what action will be taken within the next 90 days.”
RELATED STORIES
SeaWorld announces plans for second Sesame Place theme park


SeaWorld Entertainment and the Sesame Workshop have announced joint plans to develop a second Sesame Place theme park in the US and a new Sesame Street land at SeaWorld Orlando.
'One brand worldwide': SeaWorld says no to orcas for overseas attractions


SeaWorld CEO Joel Manby has confirmed the operator’s commitment to becoming an orca- free enterprise, telling shareholders that the company would not even consider having killer whales in any of its international endeavours.
SeaWorld sinks as Easter delay sees Q1 revenue drop 15 per cent


The delayed Easter break has had a significant effect on SeaWorld, with a significant revenue decline of US$33.8m (€31m, £26.1m) in the first quarter of 2017.
Last captive orca born at SeaWorld


Just over a year after SeaWorld announced plans to end its controversial orca breeding plan, the company’s last killer whale has been born in its captivity.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
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Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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