Executive Chairman Vince Mcmahon has paid World Wrestling Entertainment (NYSE:WWE) $17.4M to reimburse the company for costs it incurred in a special committee investigation, and related matters including revising financial statements.
In an SEC filing, WWE noted it's received the $17.4M payment in accordance with a March 20 agreement, and that McMahon will review in good faith and reimburse the company for additional connected costs beyond Jan. 31, 2023.
WWE last year launched a board investigation into a secret $3M settlement between McMahon and a departing employee with whom he had allegedly had an affair - and the probe expanded in scope as more allegations were reported.
McMahon stepped down from the CEO and chairman roles at the company, planned to retire, and later returned to reclaim the role of chairman.
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