2023-03-24 18:45:34 ET
- Executive Chairman Vince McMahon has paid World Wrestling Entertainment ( NYSE: WWE ) $17.4M to reimburse the company for costs it incurred in a special committee investigation, and related matters including revising financial statements.
- In an SEC filing , WWE noted it's received the $17.4M payment in accordance with a March 20 agreement, and that McMahon will review in good faith and reimburse the company for additional connected costs beyond Jan. 31, 2023.
- World Wrestling Entertainment ( WWE ) last year launched a board investigation into a secret $3M settlement between McMahon and a departing employee with whom he had allegedly had an affair - and the probe expanded in scope as more allegations were reported .
- McMahon stepped down from the CEO and chairman roles at the company, planned to retire , and later returned to reclaim the role of chairman .
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WWE receives $17.4M from McMahon for investigation costs