TKO Group, the business formed out of the recent WWE-UFC merger, has put out its latest SEC filing as part of its Q3 2023 report.
Two new sections were added to risk factors, both relating to Vince McMahon:
The special committee of independent members of WWE’s Board of Directors’ investigation into allegations of misconduct by Mr. McMahon, and any further allegations and investigations may have an adverse financial and operational impact on our business performance.
The filing goes on to describe the process of the special committe being formed to investigate the allegations against McMahon and its findings, leading to the following note:
Mr. McMahon’s membership on our Board could have adverse financial and operational impacts on our business.
The filing states that the Executive Chairman’s membership could expose the board to “negative publicity and/or have other adverse financial and operational impacts” on the business.
Neither section was listed under risk factors when the company submitted its SEC filing in September.
Source: Fightful