-

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

Knight and Vega qualify to the MITB ladder matches

Two more WWE Superstars have qualified for the Money In The Bank ladder match last night on Smackdown. Zelina Vega,...

New WWE Undisputed Universal championship unveiled on Smackdown

A new WWE Undisputed Universal championship was unveiled last night on Smackdown, replacing the two separate WWE Championship and...

Smackdown TV report for 06/02/2023

Arena: Mohegan Sun Arena at Casey Plaza City: Wilkes Barre, PA A video package was shown about Roman Reigns over 1000...
spot_img