PWInsider - WWE News, Wrestling News, WWE

WWE FILES SEC PAPERWORK RELATED TO DEPARTURE OF FRANK RIDDICK

WWE filed the following statement with the SEC today:

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

As previously reported, on September 12, 2023 (the “Closing Date”), the principal financial officer of World Wrestling Entertainment, Inc. (n/k/a World Wresting Entertainment, LLC) (the “Company”), Frank A. Riddick III, ceased to be an officer of the Company in connection with the consummation of the transactions contemplated by the Transaction Agreement, dated as of April 2, 2023, by and among the Company, Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC, TKO Group Holdings, Inc. and Whale Merger Sub Inc. Mr. Riddick and the Company agreed that Mr. Riddick’s last day of employment with the Company will be September 29, 2023. In connection with his separation from the Company, Mr. Riddick will be eligible to receive the severance compensation and benefits set forth in his amended and restated employment agreement with the Company relating to a qualifying termination following a change in control of the Company and full vesting and payment of his sale bonus, each as described in the Company’s Information Statement / Prospectus dated August 22, 2023.

If you enjoy PWInsider.com you can check out the AD-FREE PWInsider Elite section, which features exclusive audio updates, news, our critically acclaimed podcasts, interviews and more by clicking here!

• Tweet