WWE Founder and Executive Chairman Vince McMahon was issued a search warrant and a subpoena to appear before a federal grand jury.
The news was included in the SEC filing made by the company as they reported their second-quarter financial results on Wednesday, August 2. The search warrant was executed on July 17, 2023. No charges have been brought against McMahon from these investigations.
Below is the statement from the SEC filing:
As previously disclosed on June 17, 2022, a Special Committee of the Board of Directors was formed on June 15, 2022 to investigate allegations of misconduct by Vince McMahon. As previously disclosed, the Special Committee investigation was completed during the fourth quarter of 2022. However, related government investigations remain ongoing.
On July 17, 2023, federal law enforcement agents executed a search warrant and served a federal grand jury subpoena on Mr. McMahon. No charges have been brought in these investigations.
The Company has received voluntary and compulsory legal demands for documents, including from federal law enforcement and regulatory agencies, concerning the investigation and related subject matters.
When asked about the search warrant and subpoena, WWE President Nick Khan said he had no comment on Wednesday’s investors’ call. It was not revealed what exactly the federal agents were looking for.
The SEC filing also confirmed that McMahon is on medical leave. It was revealed earlier this week that McMahon had undergone major spinal surgery.
On July 21, 2023, Mr. McMahon went on medical leave after undergoing major spinal surgery. Mr. McMahon will remain on medical leave until further notice but will remain Executive Chairman of the Company.
We will continue to follow this story as more becomes available.