WWE Corporate Filing on Vince McMahon and what it could mean if something happens to him

A recent WWE SEC filing with the SEC including an article on what the company would do if WWE President and CEO Vince McMahon unexpectedly withdrew. a disability or death, or other unforeseen termination for any reason.

The clbadification reads:

"In addition to being Chairman of the Board and Chief Executive Officer, Mr. McMahon leads the creative team that develops the scenarios and characters from our programming (including our television, WWE Network and other programs) and live events. From time to time, Mr. McMahon has also been an important member of our team of artists. The loss of Mr. McMahon due to retirement, disability, death or any other unplanned termination for any reason could have a material adverse effect on our ability to create popular characters and inventive scenarios. or could also adversely affect our results of operations. Mr. McMahon has created Alpha Entertainment LLC to explore investment opportunities in sports entertainment landscapes. Alpha Entertainment LLC plans to launch a professional football league in early 2020. While it has badured the company that these efforts would not detract from its interest in WWE, any misappropriation or perception of this diversion could have an adverse impact on our results of operations and could have a material adverse effect on the price of our shares. "

Vince badured the company that he would remain focused on his tasks at WWE after relaunching his XFL football league in early 2020, as stated in the document." WWE acknowledges that Vince's focus on transferring WWE to XFL could have a negative impact on the share price and their operating results.