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Published: Thursday, 4/14/2011

Cedar Fair revises proxy statement


SANDUSKY — Cedar Fair LP has issued a revised proxy statement that dropped a shareholder ballot issue for a special stockholder meeting called by its largest investor.

The Sandusky firm filed the statement this week with the U.S. Securities and Exchange Commission, listing two proposals: whether unitholders may directly nominate individuals for the board and whether to change the firm's procedures to allow for the nominations. No recommendations were made on either.

The special meeting is May 24, called at the request of Q Investments, a pair of Texas hedge funds that owns 18.1 percent of Cedar Fair stock. Q Investments withdrew its proposal on the same issue but withdrew it after Cedar Fair offered its proposals.

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