World Wrestling Entertainment Inc (WWE) on Tuesday disclosed additional unrecorded expenses, now totalling $19.6 million, related to former Chief Executive Officer Vince McMahon. The two additional payments, totaling to $5 million, were made in 2007 and 2009 and are unrelated to an investigation of his alleged misconduct by WWE’s board, the company said in a regulatory filing.
The investigation remains ongoing, the wrestling entertainment company said. “The company has evaluated the unrecorded expenses and has determined that such amounts should have been recorded as expenses in each of the periods in which they became probable and estimable,” WWE said in the filing. It said all payments classified as “unrecorded expenses” were or will be paid by McMahon personally.
Last month, the company said it would revise its financial statements for the years ended 2019, 2020 and 2021, as well as the first quarter of 2022, after finding unrecorded expenses of $14.6 million made from 2006. McMahon, 76, said in July he would retire as the company’s CEO and chairman, about a month after stepping back from those roles due to the investigation into alleged misconduct.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
BCBSLA Member Account Activation: If you want to use your BCBSLA member account online, you…
You can activate your My Health Pays Reward Card online by signing in, verifying your…
To activate your Wisely card online, sign in at myWisely.com or the app, choose 'Activate…
Activating your Hartford Courant account online is simple. Visit the activation page, enter your email,…
California EDD now uses Money Network, not Bank of America, for debit cards. Cardholders can…
Activating your PSEA ID card online lets members unlock website access and savings benefits by…