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WWE BOARD OF DIRECTORS INVESTIGATION INTO VINCE MCMAHON 'SUBSTANTIALLY COMPLETE', WILL COST COMPANY $10 MILLION

By Mike Johnson on 2022-08-15 23:10:00

In today's filing with the SEC, WWE noted the following regarding the company's Board of Directors investigation into Vince McMahon:

"As previously announced, a Special Committee of independent members of the Company’s Board of Directors was formed to investigate alleged misconduct by the Company’s former Chairman and Chief Executive Officer, Vincent K. McMahon. The Special Committee investigation is substantially complete. Mr. McMahon resigned from all positions held with the Company on July 22, 2022 but remains a stockholder with a controlling interest. While we currently anticipate spending approximately $10 million during the remainder of the year related to this investigation, the related costs could exceed this estimate."

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