UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 27, 2020
SeaWorld Entertainment, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware | 001-35883 | 27-1220297 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | |
6240 Sea Harbor Drive Orlando, Florida | 32821 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (407) 226-5011
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, par value $0.01 per share | SEAS | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On March 27, 2020, the Company announced that, in response to the global COVID-19 pandemic and the resulting temporary park closures, it will or has temporarily furloughed over 90% of its current employees as of April 1, 2020. The furloughed employees will not receive compensation from the Company during the furlough period after March 31, 2020; however, subject to local regulations, these employees will be eligible for unemployment benefits. The furlough period is uncertain at this time due to the temporary park closures and will be reassessed as business conditions dictate. The Company looks forward to welcoming back its ambassadors and guests when it is safe to open again.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | SEAWORLD ENTERTAINMENT, INC. |
| | | | |
Date: March 27, 2020 | | By: | | /s/ G. Anthony (Tony) Taylor |
| | Name: | | G. Anthony (Tony) Taylor |
| | Title: | | Chief Legal Officer, General Counsel and Corporate Secretary |
