On July 22, Vince McMahon retired as WWE CEO amid the WWE board investigating him for alleged sexual misconduct and hush money.
Triple H, Nick Khan and Stephanie McMahon have filled the gaps in the WWE hierarchy since. With their new executive positions, all three, along with Chief Financial Officer and Chief Administrative Officer Frank Riddick, were given raises in their annual base salary.
As of the Effective Date, (i) Ms. McMahon’s annual base salary increased from $730,000 to $1.35 million. Ms. McMahon will continue to receive payments including, without limitation, the $750,000 guaranteed minimum under her booking agreement, as amended, which is listed as an exhibit (and incorporated by reference) to our Annual Report on Form 10-K/A filed with the SEC on August 16, 2022; (ii) Mr. Khan’s annual base salary increased from $1.2 million to $1.35 million; (iii) Mr. Riddick’s annual base salary increased from $850,000 to $950,000; and (iv) Mr. Levesque’s annual base salary increased from $730,000 to $900,000. Mr. Levesque will continue to receive payments including, without limitation, the $1.0 million guaranteed minimum under his booking agreement, as amended, which is listed as an exhibit and incorporated by reference) to our Annual Report on Form 10-K/A filed with the SEC on August 16, 2022.
WWE 8-K Filing
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