-

Vince McMahon reimburses WWE $17.4 million for investigation costs

In a Form 8-K filing with the United States Securities and Exchange Commission it was revealed that WWE Executive Chairman Vince McMahon has reimbursed WWE the $17.4 million in costs that the company incurred in the investigation over hush money payments.

The payment reflect costs through January 31, 2013 in connection with and/or arising from the investigation conducted by a special committee of the Company’s board of directors, related revisions to the Company’s financial statements and other related matters.

Any additional costs following January 31 will also be reimbursed by McMahon.

“The Agreement also includes a release of Mr. McMahon by the Company regarding the recovery of the costs described above and a release of the Company by Mr. McMahon regarding the investigation and related matters described above,” the SEC filing states.

The filing was signed by Maurice Edelson, Executive Vice President and Chief Legal Officer for WWE.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Dynamite TV Report for 12/06/2023

Venue: Bell Centre, Montreal, Canada ***** They ran through the tournament standings. Jon Moxley vs Rush (Gold League) Backstory: Mox is 2-0; Rush...

Cage vs Copeland for TNT title headlines live Dynamite from Montreal

Dynamite will be live from Montreal tonight and will feature a huge TNT title match as the main event. Adam...

NXT men’s 2023 Breakout Tournament to start next week

The men's NXT Breakout Tournament will commence on next week's broadcast on USA Network. Eight men - Riley Osborne, Keanu...