Former World Wrestling Entertainment, Inc. (NYSE: WWE) CEO Vince McMahon is once again in the hot seat after a new U.S. Securities and Exchange Commission (SEC) regulatory filing.
What Happened: The filing disclosed another $5 million in payments made by McMahon on two separate occasions in 2007 and 2009.
This SEC filing will now delay WWE reporting its quarterly earnings.
The company released a preliminary earnings report on July 25, which shared that from the period of 2006 to 2022 there had been payments made by McMahon totaling $14.6 million. The Wall Street Journal revealed that those “hush money” payments are under investigation by federal prosecutors and the SEC for allegations of misconduct against McMahon.
Also Read: WWE Probe Of Former CEO Vince McMahon Reveals $14.6M In Unrecorded Expenses
This SEC filing divulged that the $5 million in “unrecorded expenses” wasn’t related to that investigation and …
Full story available on Benzinga.com