Unitholders vote could force Kinzel out as chairman
Jan 12, 2011 at 12:17 AM
Cedar Fair's unitholders have voted overwhelmingly to appoint a new chairman of the board with no previous ties to the company, current chairman Dick Kinzel announced at today's special meeting of Cedar Fair unitholders.
A second proposal, to make paying cash dividends a higher priority than paying off debt, is too close to call, and the result will not be known until all the votes are in and counted. That will be in a few days, he said.
Kinzel will stay on as CEO until the end of year and will remain as chairman until the board takes action.
For more on this story, read Wednesday's Sandusky Register.