Every material Form 8-K United Parks & Resorts filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
United Parks & Resorts' Compensation Committee approved a grant of restricted stock units worth $4 million (grant date fair value) to CEO Marc Swanson on December 15, 2025. The awards vest in tranches from December 31, 2025 through December 31, 2029, and are conditional on him remaining CEO on each vesting date.
Grant date fair value totals $4,000,000, approved December 15, 2025 under the 2025 Omnibus Incentive Plan
Tranches vest on December 31, 2025 ($500,000), June 30, 2026 ($250,000), December 31, 2026 ($250,000), and $1,000,000 each on December 31 of 2027, 2028 and 2029
Vesting requires Mr. Swanson to continue as Chief Executive Officer on each vesting date
United Parks & Resorts reported third-quarter 2025 results with total revenue of $511.9 million, down 6.2%, net income of $89.3 million, down 25.4%, and diluted EPS of $1.61 versus $2.08 a year earlier. The company attributed the decline to an unfavorable calendar shift, poor weather during peak holidays, and lower international visitation, and said it has repurchased 635,020 shares for $32.2 million through November 4, 2025.
Q3 total revenue was $511.9 million, down $34.1 million or 6.2%; net income was $89.3 million, down $30.4 million or 25.4%; diluted EPS was $1.61 versus $2.08.
Adjusted EBITDA was $216.3 million, down 16.3%; attendance was 6.8 million guests, down 3.4%.
Through November 4, 2025, the company repurchased 635,020 shares for about $32.2 million under stockholder-approved authority tied to a $500 million program.
CEO Marc Swanson said a decline of about 90,000 international guests and roughly 150,000 visits lost to calendar impacts weighed on attendance.
United Parks & Resorts said CFO and Treasurer James Mikolaichik will resign effective November 15, 2025, to pursue another opportunity, and that the departure is not due to any disagreement on financial statements, internal controls, operations, policies or practices. Senior Vice President, Finance James Forrester Jr. will serve as Interim CFO and Treasurer until a permanent successor is named, and the company has not yet set his compensation.
Mikolaichik informed the company of his resignation on October 22, 2025; it takes effect November 15, 2025
James (Jim) W. Forrester Jr., 57, named Interim CFO and Treasurer effective November 15, 2025
Forrester has been Senior Vice President, Finance since November 2024 and was Interim CFO from January 2023 to November 2024
Compensation changes for Forrester have not been determined; the company will file an amendment within four business days once they are
United Parks & Resorts appointed Kevin Connelly as Chief Accounting Officer effective August 18, 2025, replacing William Myers, who stepped down from the role on August 13, 2025 and stays on through August 31, 2025 to help with the transition. The change is administrative and the filing discloses no change to financial results or guidance.
Kevin Connelly, age 55, becomes Chief Accounting Officer effective August 18, 2025; he previously served as CFO and COO of Appreciation Homes, LLC from June 2019 to January 2025.
Connelly's offer letter sets a $260,000 annual base salary and a bonus target of 60% of base salary.
Connelly receives one-time equity grants of $250,000 in stock options and $250,000 in restricted stock units under the 2025 Omnibus Incentive Plan.
William Myers, the former Chief Accounting Officer, remains employed through August 31, 2025 and keeps his pay and equity vesting during that period.
United Parks & Resorts reported second-quarter 2025 total revenue of $490.2 million, down 1.5% from a year earlier, and net income of $80.1 million, down 12.1%, with diluted EPS of $1.45 versus $1.46. The company cited worse weather as a headwind, though attendance rose 0.8%. The board also voted to recommend a new $500 million share buyback, subject to approval by non-Hill Path shareholders.
Q2 total revenue $490.2 million, down $7.4 million or 1.5%; net income $80.1 million, down 12.1%; diluted EPS $1.45 vs. $1.46
Q2 Adjusted EBITDA $206.3 million, down 5.4% from $218.2 million; attendance 6.2 million guests, up 0.8%
First six months: total revenue $777.2 million, down 2.2%; net income $64.0 million, down 20.0%
Board recommends a $500 million share buyback; the company expects a stockholder vote within 30 days
United Parks & Resorts said its Chief Human Resources Officer, Michael Rady, notified the company on July 16, 2025 that he is resigning, effective August 1, 2025. The filing discloses no successor, replacement plan, or financial terms, so the change's effect on shareholders is not stated.
Michael Rady, Chief Human Resources Officer, resigns effective August 1, 2025
Notice of resignation given to the company on July 16, 2025
Filing reports no successor, severance, or compensation terms
United Parks & Resorts reported first quarter 2025 results, with total revenue of $286.9 million, down 3.5% from a year earlier, and a net loss of $16.1 million, compared with $11.2 million in the first quarter of 2024. The company attributed the weaker results mainly to the shift of Easter and Spring Break from the first quarter into the second, and CEO Marc Swanson said the company continues to expect new records in revenue and Adjusted EBITDA in 2025.
Total revenue was $286.9 million, down $10.5 million or 3.5%, and attendance was 3.4 million guests, down 1.7%.
Net loss was $16.1 million, or $0.29 per diluted share, compared with $11.2 million, or $0.17 per diluted share, a year earlier.
Adjusted EBITDA was $67.4 million, down $11.7 million or 14.8%; net cash from operating activities was $25.7 million, down from $71.4 million.
April 2025 attendance rose 8.1% compared with April 2024, and the company said it continues to expect new records in revenue and Adjusted EBITDA in 2025.
United Parks & Resorts reported fourth-quarter 2024 revenue of $384.4 million, down 1.2%, and net income of $27.9 million, down 30.3% from a year earlier. For fiscal 2024, revenue was $1,725.3 million (down 0.1%) and net income was $227.5 million (down 2.9%), while diluted earnings per share rose 4.4% to $3.79, helped by share repurchases of 9.4 million shares at a cost of about $482.9 million.
Q4 2024 attendance was 4.9 million guests, down about 79,000 from Q4 2023; the company estimates worse weather cost about 167,000 guests in the quarter.
Q4 2024 diluted EPS was $0.50, down from $0.62; Adjusted EBITDA was $144.5 million, down 4.0%.
Fiscal 2024 diluted EPS was $3.79, up from $3.63; Adjusted EBITDA was $700.2 million, down 1.9%.
In December 2024 the company refinanced about $1.5 billion in Term Loans, which it says will save about $8 million in annual interest.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every United Parks & Resorts filing is on SEC EDGAR ↗. 8-K briefs of other companies →