-

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

Collision TV Report for 05/18/2024

Venue: Moda Center, Portland, OR Any of y'all catch that interview with Takeshita?  Seems dude is as frustrated with how...

12 matches set for Collision and Rampage live tonight on TNT

Eight matches will be part of tonight's Collision, one of the biggest cards for the two-hour broadcast. And if...

Willow Nightingale defends TBS title in Japan at STARDOM show

Before defending her TBS title in Las Vegas against Mercedes Mone, Willow Nightingale had one more title defense, in...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading