United Parks & Resorts appoints Kevin Connelly as chief accounting officer

United Parks & Resorts Inc. (NYSE:PRKS) has appointed Kevin Connelly as its new chief accounting officer, effective Monday. The announcement was made in a statement released through a Securities and Exchange Commission filing.

Connelly, age 55, succeeds William Myers, who stepped down from the position on August 13 and will remain with the company through August 31 to assist with the transition. During this period, Myers will continue to receive his current salary and benefits and will participate in the company’s incentive programs.

Before joining United Parks & Resorts, Connelly served as chief financial officer, chief operating officer, and senior managing director at Appreciation Homes, LLC, a real estate securities company, from June 2019 to January 2025. He was previously president of Capview Partners, LLC / EBA EverStar, LLC from September 2018 to May 2019, following roles as chief financial officer and managing director at Capview Partners, LLC since April 2014. Earlier in his career, Connelly held senior finance and accounting positions at DSM Nutritional Products Ltd, Martek Biosciences Corp, Aether Systems, Inc., Storage USA, Inc., and Integrated Health Services, Inc., and began his career at KPMG. He holds a Bachelor of Business Administration in accounting from James Madison University and is a Certified Public Accountant in Maryland.

According to the company’s offer letter, Connelly will receive an annual base salary of $260,000, with an annual bonus target of 60% of his base salary, payable in cash and/or company stock. He will also have a long-term incentive opportunity equal to 80% of his base salary. In addition, Connelly will receive a one-time grant of options valued at $250,000 and restricted stock units also valued at $250,000, both vesting in four equal annual installments. He will participate in the company’s Key Employee Severance Plan.

The company stated there are no arrangements or understandings with other persons regarding Connelly’s appointment, and no family relationships or related transactions requiring disclosure exist.

This information is based on a press release statement included in a recent SEC filing.

In other recent news, United Parks & Resorts reported its second-quarter 2025 earnings, which fell short of analysts’ expectations. The company posted an earnings per share (EPS) of $1.45, missing the forecasted $1.84 by 21.2%. Revenue also came in lower than anticipated, at $490.2 million compared to the expected $502.7 million. Mizuho (NYSE:MFG) adjusted its price target for United Parks & Resorts to $46.00 from $44.00, maintaining an Underperform rating. This adjustment followed the company’s reported EBITDA of $206.3 million, which was below both Mizuho’s and the Street’s expectations. Stifel lowered its price target to $63.00 from $65.00, citing weather impacts on quarterly results, though attendance exceeded subdued expectations. Goldman Sachs also adjusted its price target to $50.00 from $53.00, maintaining a Neutral rating due to ongoing industry pressures. Despite these challenges, the attendance impact from Epic Universe was less severe than anticipated.

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