-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FhrPcotPzgeNA3N/x17Pyu5cTEChHt3S/K+qGusSf1B01W5IypQesBgvzTcIv+VP fPc2DkoxSffhbUig/TypNw== 0000914121-05-001880.txt : 20051005 0000914121-05-001880.hdr.sgml : 20051005 20051005164814 ACCESSION NUMBER: 0000914121-05-001880 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20051005 DATE AS OF CHANGE: 20051005 GROUP MEMBERS: DANIEL M. SNYDER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SIX FLAGS INC CENTRAL INDEX KEY: 0000701374 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 736137714 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33593 FILM NUMBER: 051125361 BUSINESS ADDRESS: STREET 1: 11501 NE EXPWY CITY: OKLAHOMA CITY STATE: OK ZIP: 73131 BUSINESS PHONE: 4054752500 MAIL ADDRESS: STREET 1: 122 EAST 42ND STREET 49TH STREET CITY: NEW YORK STATE: NY ZIP: 10168 FORMER COMPANY: FORMER CONFORMED NAME: TIERCO GROUP INC/DE/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RED ZONE LLC CENTRAL INDEX KEY: 0001301723 IRS NUMBER: 201475706 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 21300 REDSKIN PARK DRIVE CITY: ASHBURN STATE: VA ZIP: 20147 BUSINESS PHONE: 703-726-7133 MAIL ADDRESS: STREET 1: 21300 REDSKIN PARK DRIVE CITY: ASHBURN STATE: VA ZIP: 20147 SC 13D/A 1 rz718094-13da_7.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 7) Six Flags, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.025 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 83001P109 - -------------------------------------------------------------------------------- (CUSIP Number) Dennis J. Block, Esq. Cadwalader, Wickersham & Taft LLP One World Financial Center New York, NY 10281 (212) 504-5555 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 4, 2005 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - ---------------------- -------------------- CUSIP No. 83001P109 Page 2 - ---------------------- -------------------- - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Red Zone LLC 20-1475706 - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [ ] (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS (See Instructions) 4 WC - -------------------------------------------------------------------------------- CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e)[ ] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 0 shares of Common Stock NUMBER OF SHARES -------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 10,921,300 shares of Common Stock OWNED BY -------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 0 shares of Common Stock REPORTING PERSON -------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 10,921,300 shares of Common Stock - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 11 10,921,300 shares of Common Stock - -------------------------------------------------------------------------------- CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 (See Instructions) [ ] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.7% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON (See Instructions) 14 OO - -------------------------------------------------------------------------------- SCHEDULE 13D - ---------------------- -------------------- CUSIP No. 83001P109 Page 3 - ---------------------- -------------------- - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Daniel M. Snyder N/A - -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 2 (a) [ ] (b) [X] - -------------------------------------------------------------------------------- SEC USE ONLY 3 - -------------------------------------------------------------------------------- SOURCE OF FUNDS (See Instructions) 4 Not Applicable - -------------------------------------------------------------------------------- CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 5 2(d) or 2(e)[ ] - -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - -------------------------------------------------------------------------------- SOLE VOTING POWER 7 0 shares of Common Stock NUMBER OF SHARES -------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 10,921,300 shares of Common Stock OWNED BY -------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 0 shares of Common Stock REPORTING PERSON -------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 10,921,300 shares of Common Stock - -------------------------------------------------------------------------------- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 10,921,300 shares of Common Stock - -------------------------------------------------------------------------------- CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [ ] - -------------------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 11.7% - -------------------------------------------------------------------------------- TYPE OF REPORTING PERSON* 14 IN - -------------------------------------------------------------------------------- INTRODUCTION This Amendment No. 7 (this "Amendment") relates to the Schedule 13D filed on behalf of Red Zone LLC, a Delaware limited liability company ("Red Zone"), and Daniel M. Snyder, an individual ("Mr. Snyder") (collectively, the "Reporting Persons") with the Securities and Exchange Commission on August 30, 2004, as amended by Amendment No. 1 filed on September 2, 2004, Amendment No. 2 filed on January 14, 2005, Amendment No. 3 filed on April 22, 2005, Amendment No. 4 filed on August 10, 2005, Amendment No. 5 filed on August 18, 2005 and Amendment No. 6 filed on September 16, 2005 (the "Schedule 13D"), relating to shares of common stock, par value $.025 per share ("Common Stock"), of Six Flags, Inc. (the "Company"). Items 4 and 7 of the Schedule 13D are amended and supplemented as follows: Item 4. Purpose of Transaction. On October 4, 2004, Red Zone sent a letter to the Secretary of the Company giving notice of its intention to seek to have the Company's stockholders take corporate action by written consent and requesting that the Board of Directors (the "Board") set a record date for determining the stockholders entitled to consent to such corporate action in writing without a meeting. A copy of Red Zone's letter is filed as Exhibit 7 hereto. Promptly after a record date is established, Red Zone intends to solicit the Company's stockholders to consent to the following actions without a stockholders' meeting in accordance with Delaware law: (1) remove without cause Kieran Burke, James Dannhauser and Stanley Shuman from the Board and any other person or persons (other than the persons elected pursuant to the proposed action by written consent) elected or appointed to the Board of the Company prior to the effective date of Red Zone's proposals to fill any newly created directorship or vacancy on the Board; (2) elect Mark Shapiro, Daniel M. Snyder and Dwight Schar (the "Nominees") to fill the vacancies resulting from Proposal 1 to serve as members of the Board of the Company; (3) amend Section 4.1 of the Company's Bylaws to fix the number of directors permitted to serve on the Six Flags Board at seven; (4) amend Section 26.1 of the Company's Bylaws to require the unanimous vote of all directors in order for the Board to amend Section 4.1 of the Bylaws, which fixes the number of directors constituting the Board; (5) amend Section 4.4 of the Company's Bylaws to provide that vacancies on the Six Flags Board created as a result of the removal of directors by Six Flags' stockholders may be filled only by a majority vote of Six Flags' stockholders; and (6) repeal each provision of the Company's Bylaws or amendments of the Bylaws that are adopted after September 13, 2004 (the last date of reported changes) and before the effectiveness of the foregoing Proposals and the seating of the Nominees on the Board. Red Zone's proposals and its consent solicitation are described in Red Zone's revised preliminary consent solicitation statement on Schedule 14A as filed with Securities and Exchange Commission on October 5, 2005. A copy of the revised preliminary consent statement filed with the Securities and Exchange Commission is filed as Exhibit 8 hereto and is incorporated herein by reference. Pursuant to the Company's bylaws, the Board is required to set the record date promptly, but in all events within 10 days after the date on which it receives written notice. The record date cannot be more than 10 days after the date upon which the board adopts a resolution setting the record date. On September 28, 2005, Red Zone sent a letter to the Company requesting a stockholder list and other materials in order to distribute it consent solicitation statement to the Company's stockholders. A copy of Red Zone's September 28, 2005 letter is attached as Exhibit 9 hereto. In addition to the consent solicitation and the Offer (as described in Red Zone's consent solicitation statement), the Reporting Persons may pursue other alternatives available in order to maximize the value of their investment in the Company. Such alternatives could include, without limitation, (i) the purchase of additional Common Stock in the open market, in privately negotiated transactions or otherwise and (ii) the sale of all or a portion of the Common Stock now owned or hereafter acquired by them. The Reporting Persons intend to contact and consult with other stockholders of the Company and third parties concerning the Company, its prospects and any or all of the foregoing matters. The Reporting Persons reserve the right to change their plans or intentions and to take any and all actions that they may deem appropriate to maximize the value of their investment in the Company in light of their general investment policies, market conditions, subsequent developments affecting the Company and the general business and future prospects of the Company. THIS AMENDMENT IS NOT A TENDER OFFER NOR AN OFFER WITH RESPECT THERETO. AN OFFER, IF COMMENCED, WILL BE MADE ONLY BY MEANS OF AN OFFER TO PURCHASE AND RELATED LETTER OF TRANSMITTAL. STOCKHOLDERS ARE URGED TO READ RED ZONE'S TENDER OFFER MATERIALS IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. STOCKHOLDERS WILL BE ABLE TO OBTAIN COPIES OF RED ZONE'S TENDER OFFER MATERIALS FREE OF CHARGE FROM THE SEC'S WEBSITE. -2- Item 7. Material to be Filed as Exhibits. EXHIBIT 7: Letter, dated October 4, 2005, from Red Zone LLC to Walter S. Hawrylak, Secretary of Six Flags, Inc. EXHIBIT 8: Revised Consent Solicitation Statement on Schedule 14A, filed with the Securities and Exchange Commission on October 5, 2005 (incorporated herein by reference). EXHIBIT 9: Letter dated September 28, 2005 from from Red Zone LLC to Kieran Burke, Secretary of Six Flags, Inc. EXHIBIT 10: Red Zone LLC Press Release dated October 5, 2005. -3- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 5, 2005 RED ZONE LLC By: /s/ Daniel M. Snyder ------------------------------------ Name: Daniel M. Snyder Title: Managing Member By: /s/ Daniel M. Snyder ------------------------------------ Daniel M. Snyder EX-7 2 rz718094-13da_ex7.txt EXHIBIT 7 RED ZONE LLC 21300 Redskin Park Drive Ashburn, Virginia 20147 October 4, 2005 VIA OVERNIGHT MAIL - ------------------ Walter S. Hawrylak Secretary of Six Flags, Inc. 11501 Northeast Expressway Oklahoma City, Oklahoma 73131 Re: Request for Record Date ----------------------- Dear Mr. Hawrylak: Pursuant to Section 3.13(A) of the Amended and Restated By-Laws of Six Flags, Inc. (the "Company"), Red Zone LLC, a record owner of 100 shares, and the beneficial owner of 10,921,300 shares of the common stock of the Company, hereby gives notice of its intention to seek to have the stockholders of the Company take corporate action by written consent and hereby requests that the Company's Board of Directors (the "Board") fix a record date in order to determine the stockholders entitled to consent to such corporate action in writing without a meeting. The undersigned trusts that the Board will take immediate action to set a record date pursuant to the Company's By-Laws, which state that the Board shall, within ten (10) days of the receipt of such notice and request, pass a resolution setting a record date which is no later than ten (10) days from the date of such resolution. Please notify Red Zone LLC promptly in writing of the record date fixed by the Board. If the Board does not comply with its obligations, Red Zone LLC is prepared to promptly deliver to the Company (by delivery to the Company's registered office in Delaware) a duly executed written consent, which would set the record date pursuant to Section 3.13(A) of the Company's By-Laws and Section 213(b) of the General Corporation Law of Delaware. RED ZONE LLC By: /s/ Daniel M. Snyder --------------------------------- Daniel M. Snyder Managing Member EX-9 3 rz718094-13da_ex9.txt EXHIBIT 9 RED ZONE LLC 2300 Redskin Park Drive Ashburn, VA 20147 September 28, 2005 VIA FEDERAL EXPRESS AND FACSIMILE - --------------------------------- Six Flags, Inc. 11501 Northeast Expressway Oklahoma City, Oklahoma 73131 Attention: Kieran Burke Chairman of the Board and Chief Executive Officer Re: Demand for Stockholder List Dear Mr. Burke: As you know, Red Zone LLC ("Red Zone") (i) intends to commence a consent solicitation, as more specifically described in the revised preliminary consent solicitation statement filed with the Securities and Exchange Commission on September 16, 2005 (the "Consent Solicitation"), and (ii) if the Consent Solicitation is successful, intends to commence a tender offer (the "Offer") to the holders of common stock, par value $.025 per share (the "Shares"), of Six Flags, Inc. (the "Company") for up to 34.9% of the Company's outstanding Shares (the calculation of such percentage to include any Shares we own at the time we accept Shares for purchase pursuant to the Offer) at a price of $6.50 per share if, at any time during the ninety days following the date our Nominees (as defined in the preliminary consent solicitation statement mentioned above) are seated on the Six Flags Board, the Company's stock closes at a price at or lower than $6.50 per share for five consecutive trading days. The purpose of this letter is to request a copy of the list of stockholders of the Company and certain other information to facilitate the distribution of the Consent Solicitation and Offer materials to the Company's stockholders as soon as the materials are available and to provide the Company's stockholders with information relevant to the Consent Solicitation and the Offer (if commenced). Although we anticipate that the Company will cooperate in this regard, our counsel has advised us to send this formal request for the stockholder list under Delaware law. Pursuant to Section 220 of the Delaware General Corporation Law and the common law of the State of Delaware, as a record holder of Shares, Red Zone hereby demands the right during the usual hours of business to inspect and copy the following records and documents (the "Stocklist Materials"): (a) A complete record or list of the holders of the Company's outstanding Shares, certified by the Company or its transfer agent and registrar, showing the names and addresses of each holder of the Company's Shares and the number of Shares registered in the name of each such holder, as of the most recent date available at the time of inspection. (b) A magnetic computer tape or diskette list or other electronic file of the holders of the Company's outstanding Shares as of the most recent date available at the time of inspection, showing the names, addresses and number of Shares held by each such holders, together with such computer processing data and instructions as are necessary for Red Zone to make use of such magnetic computer tape or diskette or electronic file, and a separate printout of such magnetic computer tape or diskette or electronic file for verification purposes, if different from the list in (a). (c) All daily transfer sheets showing changes in the names, addresses and number of Shares of the holders of the Company's outstanding Shares which are in or come into the possession or control of the Company or its transfer agent or registrar, or which can reasonably be obtained from brokers, dealers, banks, clearing agencies or voting trustees or their nominees, from the date of the stockholder list referred to in (a) above through the date of the termination of the Offer (including any extensions or subsequent offering periods) referred to below. (d) All information in or which comes into the Company's possession or control, or which can reasonably be obtained from brokers, dealers, banks, clearing agencies or voting trustees or their nominees concerning the names, addresses and number of Shares held by the participating brokers and banks named in the individual nominee names of Cede & Co. and other similar nominees, including respondent bank listings and, to the extent available, Cede & Co. depository listings on a daily basis commencing immediately and until the date of the termination of the Offer (including any extensions or subsequent offering periods). -2- (e) A list or lists containing the name, address and number of Shares attributable to any participant in any Company employee stock ownership plan, stock ownership dividend reinvestment plan, or comparable plan of the Company in which voting decisions or decisions concerning tenders of Shares with respect to the Shares held by such plan are made, directly or indirectly, individually or collectively, by the participants in the plan, and a magnetic tape or diskette or other electronic file for such list with the same information as in (b) above. Please provide such information concerning the procedures by which such plan participants are provided with Offer and Consent Solicitation materials and the process by which they would participate in the Offer and Consent Solicitation, including any administrative contacts at such plans with whom we should coordinate the delivery of materials concerning the offer and process by which to vote or tender Shares. (f) Any and all of the information requested in paragraphs (a) through (g) as of the record date established for purposes of the Consent Solicitation, including any omnibus proxies or consents or respondent bank omnibus proxies or consents which information shall be compiled and made available not more than one business day after the record date. (g) All information in or which comes into the Company's possession or control, or which can reasonably be obtained from brokers, dealers, banks, clearing agencies or voting trustees relating to the names of the non-objecting beneficial owners ("NOBO's") of Shares and a NOBO list and tape or diskette or other electronic file in descending order balance (such information is readily available to the Company under Rule 14b-1(b) of the Securities Exchange Act of 1934 from ADP Proxy Services). (h) A stop list or stop lists relating to any Shares and any changes, corrections, additions or deletions from the date of the list referred to in paragraph (a) above through the date of the termination of the Offer (including any extensions or subsequent offering periods). (i) To the extent not already referred to above, any computer tape, diskette or other electronic medium suitable for use by computer or word processor which contains any or all of the information encompassed in this letter, together with any program, software, manual or other instructions necessary for the practical use of such information. Red Zone further requests that modifications, additions or deletions to any and all of the Stocklist Material referred to in paragraphs (a) through (i) above be immediately furnished to Red Zone as such modifications, additions or deletions become available to the Company or its agent or representatives through the date of the termination of the Offer (including any extensions or subsequent offering periods). Red Zone will bear the reasonable costs incurred by the Company (including those of its transfer agent) in connection with the production of the above information. The purpose of this demand is to enable Red Zone to communicate with its fellow stockholders on matters relating to their mutual interests as stockholders, including, but not limited to, communicating with the stockholders of the Company with respect to Red Zone's Offer (if commenced) and Consent Solicitation and assist in their evaluation of the Offer (if commenced) and Consent Solicitation. Red Zone hereby designates and authorizes Morris, Nichols, Arsht & Tunnell and Innisfree M&A Incorporated and their respective partners, officers and employees, and any other persons to be designated by Red Zone, acting together, singly or in combination, to conduct, as its agents, the inspection and copying herein requested. Please advise counsel for Red Zone, David J. Teklits (telephone: 302-658-9200) of Morris, Nichols, Arsht & Tunnell, Morris, Nichols, Arsht & Tunnell, Chase Manhattan Centre, 18th Floor, 1201 North Market Street, Wilmington, Delaware 19899, when and where the items demanded above will be made available to Red Zone and its designated agents. -3- Please sign and date a copy of this letter to indicate your receipt hereof and return a copy to us as soon as possible. Very truly yours, RED ZONE LLC By /s/ Daniel M. Snyder ------------------------------------- Name: Daniel M. Snyder Title: Managing Member Signed and Notarized Copy Received By: SIX FLAGS, INC. By ---------------------------------------- Name: Title: Date: -4- STATE OF Virginia : : SS. COUNTY OF Loudoun : BE IT REMEMBERED that, the undersigned, Daniel M. Snyder, personally appeared before me, who being duly sworn, deposes and says: 1. I am the managing member of Red Zone LLC, and am duly authorized to execute this letter on behalf of Red Zone LLC, which is the record and beneficial owner of shares of Six Flags, Inc. 2. That the foregoing is Red Zone's letter of demand for the inspection of designated Stocklist Materials of Six Flags, Inc. and that the statements made in such letter are true and correct. 3. That the letter contains a designation of Morris, Nichols, Arsht & Tunnell and Innisfree M&A Incorporated, and their respective partners, associates and employees and any other persons to be designated by them, acting together, singly or in combination as the undersigned's attorney or agent to conduct such inspection, and that the foregoing and this verification are the undersigned's power of attorney authorizing the foregoing persons to act on behalf of the undersigned. /s/ Daniel M. Snyder ------------------------------------- Red Zone LLC By: Daniel M. Snyder Title: Managing Member SWORN TO AND SUBSCRIBED BEFORE ME this 28th day of September, 2005. /s/ Tracey M. Peters - -------------------- Notary Public -5- EX-10 4 rz718094-13da_ex10.txt EXHIBIT 10 RED ZONE LLC 21300 Redskins Park Drive Ashburn, Virginia 20147 For Immediate Release Oct. 5, 2006 RED ZONE LLC REQUESTS RECORD DATE FOR SIX FLAGS' CONSENT SOLICITATION Ashburn, VA - Red Zone LLC announced today that it has requested that the board of directors of Six Flags, Inc. set a record date to determine the stockholders entitled to consent to Red Zone's proposals to remove three directors from Six Flags' board and replace them with Mark Shapiro, Daniel Snyder and Dwight Schar. Red Zone's director nominees are expected to urge the Six Flags board to take immediate steps to improve the Company's operational performance and elect Mr. Shapiro Chief Executive Officer and Mr. Snyder Chairman. Promptly after a record date is established, Red Zone intends to solicit Six Flags stockholders to consent to several proposals which are described in Red Zone's revised preliminary consent solicitation statement as filed with the Securities and Exchange Commission. Six Flags' bylaws require that Red Zone give the Company notice of its intent to solicit stockholders to consent to corporate action in lieu of a meeting and request that the board of directors set a record date. Pursuant to the bylaws, the board is required to set the record date promptly, but in all events within 10 days after the date on which it receives written notice. The record date cannot be more than 10 days after the date upon which the board adopts a resolution setting the record date. Important Information About Red Zone's Consent Solicitation - ----------------------------------------------------------- In connection with its consent solicitation, Red Zone has filed a preliminary consent solicitation statement with the SEC, which is available free of charge at the SEC's website at http://www.sec.gov. Stockholders of Six Flags, Inc. are urged to read this preliminary consent solicitation statement, and the definitive consent solicitation and other materials relating to the consent solicitation, when available, because they contain important information. Investors and stockholders can obtain free copies of the definitive consent solicitation statement by contacting Innisfree M&A Incorporated, 501 Madison Avenue, 20th floor, New York, NY 10022, 1-877-750-9497. The definitive consent solicitation statement and all other materials filed with the SEC by Red Zone will also be available free of charge at the SEC's website at http://www.sec.gov. Information regarding the identity of the persons who may, under SEC rules, be deemed to be participants in the solicitation of stockholders of Six Flags, Inc. In connection with the consent solicitation, and their interests, are set forth in the preliminary consent solicitation statement that was filed by Red Zone with the SEC. # # # Contact: Karl Swanson, 703-726-7135 -----END PRIVACY-ENHANCED MESSAGE-----