Last $17.40 USD
Change Today -0.18 / -1.02%
Volume 504.4K
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

seaworld entertainment inc (SEAS) Snapshot

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02/26/14 - $35.30
52 Week Low
12/17/14 - $15.11
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seaworld entertainment inc (SEAS) Details

SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. It operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne. The company also operates water parks under the Aquatica brand name in Orlando and San Diego; under the Adventure Island name in Tampa; and under the Water Country USA name in Williamsburg. It owns and operates 11 theme parks. The company was formerly known as SW Holdco, Inc. and changed its name to SeaWorld Entertainment, Inc. in December 2012. SeaWorld Entertainment, Inc. was founded in 1959 and is headquartered in Orlando, Florida.

4,500 Employees
Last Reported Date: 04/4/14
Founded in 1959

seaworld entertainment inc (SEAS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $679.7K
Chief Financial Officer
Total Annual Compensation: $363.0K
Chief Legal & Corporate Affairs Officer, Gene...
Total Annual Compensation: $358.4K
Chief Operating Officer of SeaWorld and Disco...
Total Annual Compensation: $354.2K
Chief Operating Officer of Busch Gardens and ...
Total Annual Compensation: $349.8K
Compensation as of Fiscal Year 2013.

seaworld entertainment inc (SEAS) Key Developments

Seaworld Entertainment, Inc. Lays Off More Than 300 Workers

SeaWorld Entertainment Inc. is laying off more than 300 workers. 311 workers would be laid off from the company's Orlando headquarters and its 11 parks. The company has 4,500 fulltime workers and 7,300 part-timers. The layoffs come a day after CEO Jim Atchison announced he is stepping down as head of the company.

Seaworld Entertainment, Inc. Announces Management Changes

SeaWorld Entertainment, Inc. announced that, effective January 15, 2015, Chairman David F. D'Alessandro will serve as the company's interim CEO until the Board of Directors selects a permanent successor to current CEO and President, Jim Atchison, who will become Vice Chairman of the Board. Mr. D'Alessandro, who has been Chairman of the Company's Board since 2010, will continue in that position. He served as Chairman, President and Chief Executive Officer of John Hancock Financial Services from 2000 to 2004, having served as President and Chief Operating Officer of the same entity from 1996 to 2000. In addition, the Board of Directors appointed two new independent directors, The Honorable Ellen Tauscher, a strategic advisor at the law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC who previously served as a Member of Congress and as an Under Secretary of the U.S. Department of State, and Mr. William Gray, the former Co-Chief Executive Officer of Ogilvy North America of Ogilvy & Mather Inc. Their appointments are effective immediately. Mr. David D'Alessandro has been the chairman of the Board of Directors of the company since 2010. He served as Chairman, President and Chief Executive Officer of John Hancock Financial Services from 2000 to 2004. Mr. William Gray is currently a co-founder and director of Hulls Highway, Inc. Since 2010, Mr. Gray has also been a senior advisor to Blackstone, a leading global investment and advisory firm and minority shareholder of SeaWorld Entertainment.

Seaworld Entertainment Faces Lawsuit over Automatic Annual Pass Renewal

SeaWorld is facing a lawsuit connected to recurring credit card charges due to an automatic renewal for an annual pass. The guest who filed the federal lawsuit against SeaWorld Entertainment also noted that the language in the recurring payment contract to notify customers of the automatic renewal for the annual pass was hard to find. Other customers have complained to the Better Business Bureau. Universal Orlando allows automatic renewal of annual passes, but sends out reminder letters weeks before.


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