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Stock impact report

Vince McMahon to pay more than $1.7 million over hush money payments [USA TODAY]

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: USA TODAY
The SEC said that McMahon signed two settlement agreements, one in 2019 and one in 2022, and did not disclose those payments to anyone in the company, including the Board of Directors, legal department, accountants, financial reporting personnel or auditors. In turn, McMahon "circumvented WWE internal accounting controls and caused material misstatements in the company's 2018 and 2021 financial statements," the SEC said, which accused McMahon of failing to disclose a $3 million payment paid to a former WWE employee and $7.5 million paid to a female independent contractor for them not going to the authorities with their sexual assault claims. "During his time leading WWE, Vince McMahon acted as if rules did not apply to him, and now Read more
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