7 months ago
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Paperwork has been filed to confirm Vince McMahon has stepped down from his respective roles in TKO and WWE.
TKO filed an 8-K form with the Securities and Exchanges Commission on Monday that confirms Vince McMahon tendered his resignation. McMahon announced he was stepping down from his roles in TKO and WWE in response to a new lawsuit and allegations of sexual assault and trafficking against himself, John Laurinaitis and WWE.
From the SEC filing:
“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.”
McMahon issued a statement on Friday night (via Deadline) and announced he was stepping down. Additionally, McMahon proclaimed his innocence, but said he was stepping down so that he was not a distraction to the company.
