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WWE’s Board of Directors skilled some shifts at the moment, as Michelle McKenna and JoEllen Lyons Dillon had been named to the board whereas Barstool Sports CEO Erika Ayers Nardini has resigned from the board. This was discovered courtesy of a SEC filming that was revealed publicly at the moment, and within the submitting, it’s mentioned that the rationale for Nardini’s departure from WWE is to cope with Barstool’s transition into new possession. Ayers hasn’t publicly commented on the information, however we’ll let you recognize if that modifications. In the meantime, you could find the complete SEC Filing from WWE under (by way of Fightful).
“On September 15, 2022, the Board of Directors of World Wrestling Entertainment, Inc. (the “Company”) elected JoEllen Lyons Dillon and Michelle McKenna as administrators of the Company. Each of Mses. Dillon and McKenna will serve till the following annual assembly of the Company’s stockholders. There aren’t any preparations or understandings with any particular person pursuant to which both particular person was elected as a director of the Company nor are there any transactions instantly or not directly involving both that might be required to be disclosed pursuant to Item 404(a) of Regulation S-Okay below the Securities Exchange Act of 1934. Ms. Dillon and Ms. McKenna have been decided by the Board to fulfill the independence necessities of relevant New York Stock Exchange and Securities and Exchange Commission guidelines.
Mses. Dillon and McKenna haven’t been appointed to any of the Company’s standing committees. They will likely be entitled to our regular Board charges for non-management Directors. The Company additionally will enter into an Indemnification Agreement with every of Mses. Dillon and McKenna in the identical type that the Company has entered into with its different non-management administrators.
Concurrent with the election of Mses. Dillion and McKenna, Erika Ayers Nardini has resigned from the Board. With the current acquisition of Barstool Sports by Penn Entertainment, Ms. Ayers Nardini’s time will likely be centered on the following chapter of this enterprise and partnership. Ms. Ayers Nardini’s choice to resign from the Board was not as a consequence of any dispute or disagreement with the Company, its administration or any matter referring to the Company’s operations, insurance policies or practices.”
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