What does this mean?
Triple H is set to be removed from WWE’s board of directors.
A SEC filing posted yesterday lists 10 of the 11 board members for TKO Group Holdings. Six members were selected by Endeavor, and five were selected by WWE.
The names listed include:
– Vincent K. McMahon (WWE)
– Ariel Emmanuel (Endeavor)
– Egon P. Durban (Endeavor)
– Nick Khan (WWE)
– Steven R. Koonin (WWE)
– Jonathan A. Kraft (Endeavor)
– Sonya E. Medina (Endeavor)
– Mark Shapiro (Endeavor)
– Nancy R. Tellem (WWE)
– Carrie Wheeler (Endeavor)
An official statement was also issued in the filing notes which read:
“Under the terms of the transaction agreement, upon the completion of the Transactions, the New PubCo Board will consist of 11 members who will be determined prior to the Closing, five of whom will be selected by WWE, of whom (x) two will be members of the WWE management team (one of whom will be Mr. McMahon) and (y) three will be independent, and six of whom will be selected by Endeavor, of whom (x) three will be members of the Endeavor management team or Endeavor directors (one of whom will be Mr. Emanuel) and (y) three will be independent.”
Triple H is currently on the board, and when he’s removed, it appears that he will remain in his Chief Content Officer role.
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