Vince McMahon officially retired from professional wrestling last year, but business has certainly picked up already in 2023 as the Wall Street Journal recently reported that Vince was attempting to return to the company in order to pursue a sale. Now a new SEC filing has confirmed that Vince is once again on the WWE Board of Directors. An excerpt from the filing reads as follows:
“On January 5, 2023, the Reporting Person acted by written consent (the “Written Consent”) to remove JoEllen Lyons Dillon, Jeffrey R. Speed and
Alan M. Wexler without cause as directors of the Issuer and to fill such vacancies by electing the Reporting Person, George Barrios and Michelle Wilson as directors of the Issuer.”
Following Vince McMahon’s retirement Stephanie McMahon and Nick Khan took over as co-CEO with Triple H taking over WWE creative. Vince McMahon released a statement yesterday stating that the current WWE management team has his full support which said, “I look forward to working closely again with Michelle and George – as well as the Company’s remaining directors and management team, who have my full support and confidence. WWE has an exceptional management team in place, and I do not intend for my return to have any impact on their roles, duties, or responsibilities.”
In 2022 it was revealed that Vince McMahon paid out millions of dollars in hush money payments to suppress allegations of sexual misconduct. He retired in July of that same year but retained majority voting power due to his ownership of WWE’s Class-B stock. Stay tuned for more updates as they become available.
