WWE issued the next:
WWE® ELECTS MICHELLE MCKENNA & JOELLEN LYONS DILLON TO BOARD OF DIRECTORS
STAMFORD, Conn. – September 16, 2022 – WWE® (NYSE: WWE) as we speak introduced that Michelle McKenna and JoEllen Lyons Dillon have been elected to its Board of Administrators. McKenna spent greater than 20 years as a senior chief at Disney, Common Studios and the NFL, working throughout expertise, digital technique and finance. From 2012 to 2022, McKenna served as Chief Info Officer for the NFL, the place she was answerable for the league’s expertise technique and served as the manager sponsor of the Ladies’s Interactive Group. She serves on the Board of Administrators of Ring Central (NYSE: RNG), the place she is a member of the audit, compensation and nominating & governance committees. McKenna beforehand served on the Board of Administrators of Insperity (NYSE: NSP) from 2015 to 2018.
Dillon has 30 years of mixed public firm expertise in international enterprise, M&A and authorized. Dillon has served on the Viatris (NASDAQ: VRTS) Board of Administrators since November 2020, when Pfizer’s Upjohn division mixed with Mylan to kind Viatris, a world healthcare and pharmaceutical firm. She is a member of the Viatris Board’s government, audit and compliance committees, and is chair of its governance & nominating committee. She beforehand served on the Board of Mylan (NASDAQ: MYL) from 2014 to 2020.
From 2013 to 2017, Dillon was an government officer in numerous roles together with Government Vice President, Chief Authorized Officer and Company Secretary of The ExOne Firm (NASDAQ: XONE, merged with Desktop Metallic (NYSE: DM) in November 2021), a world supplier of 3D printing machines and companies. Previous to her Board and government roles, Dillon spent practically 25 years working towards legislation with an intensive background in M&A and securities for private and non-private firms in a wide range of advanced issues.
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“Michelle and JoEllen convey to WWE’s Board of Administrators unbelievable expertise throughout key areas that we imagine will profit our group,” mentioned Stephanie McMahon, WWE Chairwoman & co-CEO.
WWE, a publicly traded firm (NYSE: WWE), is an built-in media group and acknowledged chief in international leisure. The Firm consists of a portfolio of companies that create and ship unique content material 52 weeks a 12 months to a world viewers. WWE is dedicated to family-friendly leisure on its tv programming, premium reside occasions, digital media and publishing platforms. WWE’s TV-PG programming might be seen in additional than 1 billion properties worldwide in 30 languages by means of world-class distribution companions together with NBCUniversal, FOX, BT Sport, Sony India and Rogers. The award-winning WWE Community contains all premium reside occasions, scheduled programming and an enormous video-on-demand library and is at the moment obtainable in additional than 180 nations. In the USA, NBCUniversal’s streaming service, Peacock, is the unique house to WWE Community.
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Ahead-Trying Statements: This press launch comprises, and oral statements made every now and then by our representatives might comprise, forward-looking statements pursuant to the secure harbor provisions of the Securities Litigation Reform Act of 1995. Ahead wanting statements embody statements relating to, our outlook for future monetary outcomes, the affect of latest administration adjustments, the scope, period and findings of the investigation being carried out by the particular committee of impartial members of our Board of Administrators; our plans to remediate recognized materials weaknesses in our disclosure management and procedures and our inside management over monetary reporting, and regulatory, investigative or enforcement inquiries, subpoenas or calls for arising from, associated to, or in reference to these issues. As well as, the phrases “might,” “will,” “might,” “anticipate,” “plan,” “proceed,” “mission,” “intend,” “estimate,” “imagine,” “anticipate,” “outlook,” “goal,” “objective,” “steering” and comparable expressions are supposed to establish forward-looking statements, though not all forward-looking statements comprise such phrases. These statements relate to future attainable occasions, in addition to our plans, targets, expectations and intentions and should not historic info and accordingly contain identified and unknown dangers and uncertainties and different elements which will trigger the precise outcomes or the efficiency by us to be materially completely different from future outcomes or efficiency expressed or implied by such forward-looking statements. These forward-looking statements are topic to uncertainties referring to, with out limitation, the departure of Vince McMahon from the Firm and the appointment of Stephanie McMahon and Nick Khan as co-Chief Government Officers; the scope, period and findings of the continued investigation by the particular committee of impartial members of our Board of Administrators; regulatory, investigative or enforcement inquiries, subpoenas or calls for arising from, associated to, or in reference to these issues; our means to remediate materials weaknesses in our disclosure controls and procedures and our inside management over monetary reporting; and reputational hurt to the Firm’s relationships with its stockholders, clients, expertise and companions, which can have opposed monetary and operational impacts, amongst different elements. The next extra elements, amongst others, might trigger precise outcomes to vary materially from these contained in forward-looking statements: the COVID-19 outbreak, which can proceed to have an effect on negatively world economies in addition to our business, enterprise and outcomes of operations; getting into, sustaining and renewing main distribution and licensing agreements; a quickly evolving and extremely aggressive media panorama; WWE Community; laptop techniques, content material supply and on-line operations of our Firm and our enterprise companions; privateness norms and rules; our have to proceed to develop inventive and entertaining applications and occasions; our have to retain and proceed to recruit key performers; the potential of a decline within the recognition of our model of sports activities leisure; attainable opposed adjustments within the regulatory ambiance and associated non-public sector initiatives; the extremely aggressive, quickly altering and more and more fragmented nature of the markets by which we function and/or our lack of ability to compete successfully, particularly towards opponents with higher monetary assets or market presence; uncertainties related to worldwide markets together with attainable disruptions and reputational dangers; our issue or lack of ability to advertise and conduct our reside occasions and/or different companies if we don’t adjust to relevant rules; our dependence on our mental property rights, our want to guard these rights, and the dangers of our infringement of others’ mental property rights; the complexity of our rights agreements throughout distribution mechanisms and geographical areas; potential substantial legal responsibility within the occasion of accidents or accidents occurring throughout our bodily demanding occasions; giant public occasions in addition to journey to and from such occasions; our growth into new or complementary companies, strategic investments and/or acquisitions; our accounts receivable; the development and transfer to our new leased company and media manufacturing headquarters; litigation and different actions, investigations or proceedings; a change within the tax legal guidelines of key jurisdictions; our function movie enterprise; a attainable decline normally financial circumstances and disruption in monetary markets together with any ensuing from COVID-19; our indebtedness together with our convertible notes; our potential failure to satisfy market expectations for our monetary efficiency; by means of his useful possession of a considerable majority of our Class B frequent inventory, our controlling stockholder, Vincent Okay. McMahon might train final management over our affairs, and his pursuits might battle with the holders of our Class A standard inventory; our share repurchase program; a considerable variety of shares are eligible on the market by the McMahons and the sale, or the notion of attainable gross sales, of these shares might decrease our inventory worth; and the volatility of our Class A standard inventory. As well as, our dividend and share repurchases are depending on quite a few elements, together with, amongst different issues, our liquidity and historic and projected money move, strategic plan (together with various makes use of of capital), our monetary outcomes and situation, contractual and authorized restrictions on the cost of dividends (together with underneath our revolving credit score facility), common financial and aggressive circumstances and such different elements as our Board of Administrators might take into account related. Ahead-looking statements made by the Firm communicate solely as of the date made and are topic to vary with none obligation on the a part of the Firm to replace or revise them. Undue reliance shouldn’t be positioned on these statements. For extra details about dangers and uncertainties related to the Firm’s enterprise, please check with the “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” and “Threat Components” sections of the Firm’s SEC filings, together with, however not restricted to, our annual report on Kind 10-Okay/A and quarterly stories on Kind 10-Q/A and Kind 10-Q.