United Parks & Resorts (PRKS) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on June 13, 2025, with voting available online, by phone, or by mail.

• Five key proposals are up for vote: election of ten directors, ratification of KPMG as auditor, advisory vote on executive compensation, approval of the 2025 Omnibus Incentive Plan, and approval of a director compensation limit.

• Hill Path Capital LP, owning 49.5% of shares, retains significant board influence, including the right to designate up to three directors.

• The company emphasizes strong stockholder engagement, board diversity, and best governance practices, including a majority voting standard and independent board leadership.

Voting matters and shareholder proposals

• Proposals include electing ten directors, ratifying KPMG as auditor, approving executive compensation, the 2025 Omnibus Incentive Plan, and a director compensation limit.

• The director compensation limit is proposed to increase from $1M to $3M per year, subject to disinterested stockholder approval.

• Stockholders can submit proposals for the 2026 meeting between February 13 and March 15, 2026.

Board of directors and corporate governance

• The board consists of ten nominees with diverse backgrounds in finance, marketing, operations, and entertainment.

• Hill Path Capital designates three directors; a one-time waiver allows a third affiliated designee.

• All directors are considered independent under NYSE standards; the board is led by a non-executive chairman and a separate CEO.

• The board operates four standing committees: Audit, Compensation, Nominating and Corporate Governance, and Revenue.

• Directors are subject to stock ownership guidelines and annual evaluations; waivers to retirement age are granted selectively.