-

Vince McMahon’s departure listed as resignation and not retirement in legal docs

Vince McMahon’s departure from WWE was listed as resignation in the latest Form 8-K filing with the SEC, contrasting all previous press releases and media announcements that it was just retirement.

The date listed for his resignation is Friday, July 22, and the resignation from his positions as Chief Executive Officer, Chairman and director of the Company, was effective immediately.

The filing also confirmed the appointment by the WWE Board of Directors of Stephanie McMahon as Chairwoman and co-CEO and Nick Khan as co-CEO as well. These appointments came into effect on the same day.

Wall Street has reacted quite positively to the change of leadership, with WWE stocks up nearly 10% in the morning and up to over $70. The removal of Vince McMahon has also fueled more speculation that the company could be sold down the line, something that it was not going to be possible with Vince at the helm.

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

Josh Alexander to take break from social media during recovery

Josh Alexander, the now former Impact World champion, wrote that he is taking a break from social media to...

WWE bringing Gangrel to Los Angeles for probable Mania appearance

PWInsider.com is reporting through its Elite service that Gangrel has been booked for Los Angeles to be part of...

Impact rating for 03/23/2023

Impact Wrestling on AXS TV drew 113,000 viewers this week, their biggest audience since the January 19 episode. In...
spot_img