SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 2008
World Wrestling Entertainment, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware
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000-27639
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04-2693383 |
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(State or other
jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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| 1241 East Main Street, |
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| Stamford, CT |
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06902 |
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(Zip Code) |
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Registrant’s telephone number, including area code: (203) 352-8600
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2.):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR
240.14d-2 (b)) |
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Pre-commencement communications pursuant to Rule 13e-4 © under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
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| Item 5.02. |
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Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers. |
(b), (c) and (d) On November 6, 2008, World Wrestling Entertainment, Inc. (the “Company”)
announced that, effective December 31, 2008, Michael Sileck will resign his positions as Director
and Chief Operating Officer of the Company.
Donna Goldsmith, Executive Vice President of Consumer Products, has been named Mr. Sileck’s
successor as Chief Operating Officer when he leaves, and, effective
November 6, 2008, she has been elected to
serve on the Company’s Board of Directors. Ms. Goldsmith has served as the Company’s Executive
Vice President, Consumer Products, since June 2006, and prior thereto was its Senior Vice
President, Consumer Products, since July 2000.
In
connection with her promotion, effective November 6, 2008, Ms. Goldsmith’s salary has been increased
to $500,000. On January 1, 2009, she will be granted 20,000 restricted stock units, which will
vest over a three-year period. Under the terms of her new employment arrangements, she would be
entitled to two years salary and medical benefits continuation if her employment with the Company
were to be terminated without cause.
Under the terms of his offer letter, revised February 9, 2007 in connection with his becoming
Chief Operating Officer (the “Offer Letter”), Mr. Sileck is entitled to one year salary
continuation beginning January 1, 2009, and the vesting of 15,000 restricted stock units. Beyond
what is required by the Offer Letter, the Company has agreed to provide Mr. Sileck medical benefits
during his one-year severance period and the vesting of restricted stock units valued at $115,000
using the market price for our Class A common stock at the close of trading on December 31, 2008.
Item 9.01 Financial Statements and Exhibits.
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99.1 |
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Press Release dated November 6, 2008. |