Barstool Sports activities CEO Erika Nardini Leaves WWE Board Of Administrators

WWE is at all times shifting, and it seems that one other massive change goes down on prime. Erika Ayers Nardini is leaving WWE’s board of administrators.

In keeping with an SEC submitting the corporate launched, the Barstool Sports activities CEO, Erika Ayers Nardini, is leaving WWE’s Board Of Administrators. Nardini is stepping away from the corporate to cope with Barstool’s transition as they noticed new possession.

On September 15, 2022, the Board of Administrators of World Wrestling Leisure, Inc. (the “Firm”) elected JoEllen Lyons Dillon and Michelle McKenna as administrators of the Firm. Every of Mses. Dillon and McKenna will serve till the subsequent annual assembly of the Firm’s stockholders. There are not any preparations or understandings with any particular person pursuant to which both particular person was elected as a director of the Firm nor are there any transactions immediately or not directly involving both that will be required to be disclosed pursuant to Merchandise 404(a) of Regulation S-Okay beneath the Securities Trade Act of 1934. Ms. Dillon and Ms. McKenna have been decided by the Board to fulfill the independence necessities of relevant New York Inventory Trade and Securities and Trade Fee guidelines.

Mses. Dillon and McKenna haven’t been appointed to any of the Firm’s standing committees. They are going to be entitled to our regular Board charges for non-management Administrators. The Firm additionally will enter into an Indemnification Settlement with every of Mses. Dillon and McKenna in the identical kind that the Firm has entered into with its different non-management administrators.

Concurrent with the election of Mses. Dillion and McKenna, Erika Ayers Nardini has resigned from the Board. With the latest acquisition of Barstool Sports activities by Penn Leisure, Ms. Ayers Nardini’s time shall be centered on the subsequent chapter of this enterprise and partnership. Ms. Ayers Nardini’s resolution to resign from the Board was not as a consequence of any dispute or disagreement with the Firm, its administration or any matter referring to the Firm’s operations, insurance policies or practices.

We beforehand reported that WWE named Michelle McKenna and JoEllen Lyons Dillon to the board. Clearly, they did this as a result of they knew {that a} seat can be vacated. For extra updates, control Ringside Information.

What’s your tackle this massive change for WWE? Pontificate within the feedback!

September 16, 2022 4:35 pm

Supply hyperlink

Leave a Comment