Stephanie McMahon caused a stir in the professional wrestling industry on Tuesday when she revealed her resignation from her position as Co-CEO of WWE, following the appointment of Vince McMahon as Executive Chairman of the company’s Board of Directors.
A Securities and Exchange Commission report filed on January 11 has provided insights on the sequence of events that led to Stephanie McMahon’s resignation as Co-CEO of WWE, following the reinstatement of Vince McMahon as Executive Chairman of the company’s Board of Directors. According to the report, Vince was elected as Executive Chairman on January 9, while Stephanie was still a member of the board. The following day, Stephanie resigned from her position as Chairwoman of the Board, leading to Nick Khan taking on the role of the sole Chief Executive Officer of the company.
According to the SEC report, the current members of the Audit Committee, Governance and Nominating Committee, and Compensation and Human Capital Committee are Michelle McKenna, Steve Koonin, and Steve Pamon respectively. On the same day Vince McMahon was reinstated as Executive Chairman of the board, McKenna and Koonin were appointed to the Audit Committee and Governance and Nominating Committee. Additionally, McKenna and Pamon were appointed to the Compensation and Human Capital Committee. The report also notes that Pamon, Koonin, and McKenna have been members of the Board since September 1, 2020, June 1, 2021, and September 16, 2022, respectively.
In July of last year, Stephanie McMahon was appointed as Co-CEO of WWE and Co-Chair of the Board alongside Nick Khan, following Vince McMahon’s retirement amid allegations of sexual misconduct and harassment.