Exhibit 10.4
SECONDAMENDMENTTOEMPLOYMENTAGREEMENT
This Second Amendment to Employment Agreement (the “Amendment”) is made as of June 25, 2026, between Six Flags Entertainment Corporation, a Delaware corporation (the “Company”) and Tim Fisher (“Executive”). Capitalized terms used in this Amendment that are not defined herein shall have the meaning ascribed to them in the Employment Agreement (as defined below).
WHEREAS the Company and Executive are parties to an employment agreement datedOctober8,2024,asamendedbytheFirstAmendmenttheretodatedasofNovember21,2025(as amended, the “Employment Agreement”);
WHEREAS, the Company and Executive desire for the term of the Employment AgreementtoexpireonDecember15,2026,andfortheExecutivetoremainwiththeCompanythrough such date, or such earlier date as mutually agreed to by the Company and the Executive;
WHEREAS, the Company and the Executive desire to extend the change in control severance protection period under the Employment through December 15, 2026, and, in connection withsuchextension,(i)deleteSection4.7oftheEmploymentAgreementrelatingtoaRetentionBonus, and (ii) agree that no Annual Equity Grant will be issued to the Executive for calendar year 2026 pursuant to Section 4.3(d) of the Employment Agreement; and
WHEREAS, the Company and Executive hereby agree to amend the Employment AgreementasfollowspursuanttoandinaccordancewithSection12.3oftheEmploymentAgreement.
NOWTHEREFORE,inconsiderationoftherespectivecovenantsandagreementsof thepartieshereincontainedandforothergoodandvaluableconsideration(thereceiptandsufficiencyof which arehereby acknowledged), theparties covenant and agree as follows:
1.AmendmentstoEmploymentAgreement.
(a)Term
Thefollowingshallbeadded totheendofSection1oftheEmploymentAgreement:
“Notwithstanding the foregoing, the Term shall end on December 15, 2026 (unless terminated by the mutual agreement of the Company and the Executive prior to such date), withExecutive’sterminationofemploymentonDecember15, 2026(orpriorto such date) treated as a termination by the Company without Cause for purposes of Sections 5.3(b) and 6.1(b)(ii) of the Employment Agreement.”
(b)TitleandDuties
Thefollowingshallbeadded totheendofSection2oftheEmploymentAgreement:
“Notwithstandingthe above,if, duringthe remainderof theTerm, theCompanyhires anewperson to betheChiefOperating OfficeroftheCompany,theExecutiveagrees that histitle will thereafter beSpecial AdvisortotheChief Executive Officer, and his dutieswillbeasdeterminedbytheChiefExecutiveOfficer,withsuchdutiescurrently contemplatedtoincludeassistancedeveloping newcapitalandmaintenanceprograms fortheCompany’samusementparks,andassistingthenewChiefOperatingOfficer
transitioningintotheirnewrole.Fortheavoidanceofdoubt,Executiveagreesthatany such change in Executive’s title and duties shall not constitute Good Reason (as defined in Section 6.5 herein).”
(c)RetentionBonus
Section4.7oftheEmploymentAgreementisherebydeletedinitsentirety.
(d)AnnualEquityGrant
AnewSection4.3(d)(iv)isaddedtotheEmploymentAgreement toreadasfollows:
“(iv) Notwithstanding the above,no Annual Equity Grant willbe grantedto the Executive during, or with respect to, calendar year 2026.”
(e)ExtensionofCICSeveranceProtection Period
Section6.1(b)(ii)oftheEmploymentAgreementisamendedinitsentiretytoreadasfollows:
“ifsuchterminationoccursduringtheperiodcommencingfollowingaChangein Control and ending on December 15, 2026:
(A)an amount equal to two and one half (2.5) times Executive’s Base Salary and target Annual Cash Incentive, payable in a single lump sum payment on the Company’snextregularlyscheduledpayrolldatefollowingtheseventh(7th)day afterExecutive’sterminationofemployment,providedthatsuchpaymentsare subject to theprovisions of Sections 6.6 and 12.7; and
(B)fullandimmediatevestinginallofExecutive’sequityawardsundertheStock IncentivePlanandallRolloverEquity,ineachcase,thenheldbyExecutiveas of the date of such termination provided further that any equity awards conditioneduponperformancecriteria,goalsorobjectivesthatsovestfullyand immediately uponsuch aterminationshall bepayable at target.”
2.Remaining Provisions. Except as expressly modified by this Amendment, the Employment Agreement shall remain in full force and effect.
3.EntireAgreement.TheEmploymentAgreement,asamendedbythisAmendment,constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedesallprioragreements,understandings,negotiationsanddiscussions,whetherwritten or oral. There are no conditions, covenants, agreements, representations, warranties or other provisions, expressor implied, collateral, statutoryor otherwise, relating tothesubjectmatter hereof except as provided herein and therein.
4.GoverningLaw. This Amendment shall be interpreted and enforced in accordance with, and the respective rights and obligations of the parties shall be governed by, the laws of the State of Ohio without regard to the conflict of law provisions thereof.
5.Counterparts. This Amendment and all documents contemplated by ordelivered under or in connection with this Amendment may be executed and delivered in any number of counterparts,withthesameeffectasifallpartieshadsignedanddeliveredthesamedocument,
andallcounterpartsshallbeconstruedtogethertobeanoriginalandwillconstituteoneandthe same agreement.
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IN WITNESS WHEREOFthis Amendmenthas been executedby the parties as of the date first above written.
SixFlagsEntertainmentCorporation
By: /s/ Christopher Bennett
Name: Christopher Bennett
Title: Chief Legal and Compliance Officer and Secretary
Executive
/s/ Tim Fisher
Name:TimFisher