Vince McMahon labeled as risk factor in latest TKO filing with SEC

Nov 8, 2023 - by Colin Vassallo

The latest TKO Group Holdings Form 10-Q filing with the United States Securities and Exchange Commission has an interesting paragraph labeling Vince McMahon as one of the risk factors of the company.

Filed under the Legal Proceedings and Risk Factors section, the filing states, “Mr. McMahon’s membership on our Board could have adverse financial and operational impacts on our business.”

It adds that his title as Chairman of the Board could expose TKO to negative publicity and/or have other adverse financial and operational impacts on the business and may also result in additional scrutiny or otherwise exacerbate the other risks described.

McMahon has an iron-clad contract that prevents him from being dethroned for at least two years without TKO paying millions of dollars in return. McMahon could be voted out of his role if necessary after that as Endeavor controls the Board with six members versus five from WWE.

2 Responses

  1. Motorhead says:

    Yeah, and it’s been in the small print since day one. Even before TKO was a thing, when the merger was announced and all the SEC stuff was being filed for shareholders, that little nugget was in there. It was on the WWE Corporate site even before the deal was closed in September. This is NOTHING new. Had somebody actually read the thing sooner this story wouldn’t be fresh here and old news almost EVERYWHERE ELSE!

  2. DB says:

    Vince has always been a risk factor. It’s that risk taking that enabled him to build the WWWF/WWF/WWE to where it is in value. One thing for sure, Vince does not do anything without purpose. The next two years will be interesting to watch what happens within TKO.

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