WWE Replica Titles

-

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

Dynamite to air live coast-to-coast tonight on TBS

AEW returns home to Jacksonville's Daily's Place tonight for Dynamite which will air live coast-to-coast due to other sports...

WWE 2024 Draft rules announced

WWE today published the 2024 Draft rules, with the two-night special taking place this Friday on Smackdown and Monday...

Raw rating for 04/22/2024

Facing heavy competition from two NBA Playoff matches and NHL playoffs, Monday Night Raw drew just 1,597,000 viewers this...

Discover more from Wrestling-Online.com

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

Continue reading