On January 29, 2024, TKO Group Holdings, the parent entity of WWE, formally submitted a report to the Securities and Exchange Commission affirming Vince McMahon’s departure. The occurred three days post McMahon’s declaration of stepping down from his roles at both WWE and TKO.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 26, 2024, Vincent K. McMahon notified the board of directors (the “Board”) of TKO Group Holdings, Inc. (“TKO”) of his resignation from his positions as Executive Chair and a member of the Board, and any other positions, employment or otherwise, he has at TKO and its subsidiaries, in each case, with immediate effect as of January 26, 2024.
Vince McMahon stepped down from his position as the executive chairman of TKO, the holding company of WWE, amid serious accusations of sexual assault, trafficking, and physical abuse.
The lawsuit, filed by ex-WWE employee Janel Grant, who previously worked at the WWE headquarters, brought forth allegations including sex trafficking, abuse, and sexual assault.
In communications to both employees and the media, TKO focused on McMahon’s employment status, avoiding details of the allegations. WWE President Nick Khan, in an email to staff on Friday, stated that McMahon had resigned from his executive chairmanship and board roles.
“He will no longer have a role with TKO Group Holdings or WWE,” Khan wrote in his email.