Slide 1: Cedar Fair Special Meeting June 2, 2011 Director Nomination Resolutions
Cedar Fair Special Meeting June 2, 2011 Director Nomination Resolutions 1
Slide 2: Agenda
Agenda #1. The Proposals #2. Why This is an Important Right for Unitholders How someone like Bernie Madoff could be elected to a board #3. The Company is Resisting Good Corporate Governance #4. Summary and Closing Remarks 2
Slide 3: #1. The Proposals
#1. The Proposals Cedar Fair will hold a Special Meeting on June 2, 2011 so unitholders can vote on two proposals: 1st Amendment - Amends the Regulations/Bylaws of the General Partner to allow unitholders to nominate directors. 2nd Amendment - Amends the Partnership Agreement to establish procedures
Slide 4: #2. Why This is an Important Right for Unitholders
#2. Why This is an Important Right for Unitholders Under the current voting system, a board would have the unilateral right to nominate directors and could singlehandedly elect the likes of Bernie Madoff to the board. Every single unitholder who is not on the board can ONLY withhold its votes for Be
Slide 5: The Special Meeting is only the result of repeated actions from unitholders
#3. The Company is Resisting Good Corporate Governance The Special Meeting is only the result of repeated actions from unitholders. The Board does NOT even recommend VOTING FOR its own proposals allowing unitholders to nominate directors! We believe this is completely absurd! Do they think it is a b
Slide 6: The Special Meeting is only the result of repeated actions from unitholders
The Special Meeting is only the result of repeated actions from unitholders. Q Investments had to demand a special meeting to even get this Board to consider giving unitholders the right to nominate directors. Q Investments then had to ask a court to intervene before the Company started pursuing thi
Slide 7: Company is being disingenuous to its unitholders in our opinion
Company is being disingenuous to its unitholders in our opinion: These two proposals would give unitholders the most fundamental right in Corporate Governance - the right to nominate and elect directors to represent their interests. It is difficult to understand why anyone would NOT support granting
Slide 8: #4. Summary and Closing Remarks
#4. Summary and Closing Remarks The Board's proposals correct the "Bernie Madoff" problem. We believe the Company is being disingenuous. Q is running a "get out the vote campaign" and is simply asking unitholders to support the Company's own proposals. Because the board set a threshold of 80% of all