March 30, 2017 Yafit Cohn Simpson Thacher & Bartlett LLP
[email protected] Re: SeaWorld Entertainment, Inc. Incoming letter dated February 7, 2017 Dear Ms. Cohn: This is in response to your letters dated February 7, 2017 and March 13, 2017 concerning the shareholder proposal submitted to SeaWorld by People for the Ethical Treatment of Animals. We also have received letters from the proponent dated February 15, 2017 and March 17, 2017. Copies of all of the correspondence on which this response is based will be made available on our website at http://www.sec.gov/divisions/corpfin/cf-noaction/14a-8.shtml. For your reference, a brief discussion of the Division’s informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, Matt S. McNair Senior Special Counsel Enclosure cc: Jared Goodman PETA Foundation
[email protected] March 30, 2017 Response of the Office of Chief Counsel Division of Corporation Finance Re: SeaWorld Entertainment, Inc. Incoming letter dated February 7, 2017 The proposal urges the board to retire the current resident orcas to seaside sanctuaries and replace the captive-orca exhibits with innovative virtual and augmented reality or other types of non-animal experiences. There appears to be some basis for your view that SeaWorld may exclude the proposal under rule 14a-8(i)(7), as relating to SeaWorld’s ordinary business operations. In our view, the proposal seeks to micromanage the company by probing too deeply into matters of a complex nature upon which shareholders, as a group, would not be in a position to make an informed judgment.