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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.”
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Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
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.
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Palazzo di Varignana launches family wellbeing and longevity retreat in Emilia Romagna
Palazzo di Varignana, in the Emilia Romagna region of Italy, has created a new tailored health programme designed specifically for families.
Ansana Wellness and Spa debuts at Patmos Aktis as it joins Marriott
Patmos Aktis, a Luxury Collection Resort and Spa, has opened in Greece, with a renovated and rebranded wellness offering called Ansana Wellness and Spa.
Mauna Kea Beach Hotel launches destination spa with sacred Hawaiian cultural concept
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ADVERTISE . CONTACT US

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Tel: +44 (0)1462 431385

©Cybertrek 2026

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