Yesterday saw the Wall Street Journal publish an article revealing that Vince McMahon has taken measures to return to WWE’s Board of Directors, alongside two former board members in order to oversee a sale of the company. The report noted that three current members of WWE’s board would need to be removed to allow the vacancies to be made available, and it now appears as though this has transpired.
via the US Securities and Exchange Commission, three WWE board members have now been removed from their position, effective immediately, with Vince McMahon, along with George Barrios and Michelle Wilson returning to the company.
The three now former board members in question have been named as JoEllen Lyons, Jeffrey R. Speed, and Alan M. Wexler.
As always, we’ll aim to provide any further updates on this developing story as soon as we hear more.
WWE have put out a press release to announce the return of Vince McMahon, George Barrios & Michelle Wilson to the WWE Board of Directors, as well as the removal of Jeffery Speed, Alan Wexler & JoEllen Lyons Dillon. Independent directors Ignace Lahoud and Man Jit Singh have also resigned from the Board, effective today. – More here
Per multiple reports, there will be an employee meeting at 3:30 EST Today.