The latest WWE 8-K filings with the Securities and Exchange Commission reveal that the company has entered into a new agreement with three of their most powerful executives, Michelle D. Wilson, Chief Revenue & Marketing Officer, George A. Barrios, Chief Strategy & Financial Officer, and Kevin Dunn, Executive Producer & Chief, Global Television Production.
The new deals provide for special grants of 174,095 performance share units – at $14.36 per share – and will be based depending on the Company’s performance during 2015 and every year after till 2018. Each executive can earn between 18% of that and up to 200%, based on their performance and targets reached.
The new deal also has a 12 month no compete clause where none of them can work for another professional wrestling company within the United States of America or in other countries in which WWE delivers television programming or other audio video materials or performs live events.
The no compete clause also extends to developing or assisting in developing any sports and/or entertainment programming or live events with anyone engaged in a competitive activity.
The full filing is at http://ir.corporate.wwe.com/Cache/c28349485.html.
