WWE has announced changes to the salaries of numerous top WWE executives including Stephanie McMahon, Nick Khan & Triple H.
Following the recent retirement of Vince McMahon, Stephanie McMahon was named co-CEO and now acts as WWE Chairwoman. Nick Khan had also been named co-CEO and is also WWE President.
Triple H has also taken over creative responsibilities in addition to his role as EVP of Talent Relations.
Per the the new SEC filing, Stephanie McMahon’s salary has increased from $730,000 to $1.35 million. Nick Khan’s salary has changed from $1.2 million to $1.35 million, and Triple H now earns $900,000 a year, up from his previous $730,000 salary.
Stephanie and Triple H are also set to receive additional payments, including their respective $750,000 and $1 million guaranteed minimums from previous booking agreements.
The SEC Filing noted the following about salary changes:
As previously disclosed, Vincent K. McMahon resigned from all positions held with the Company on July 22, 2022 (the “Effective Date”). Mr. McMahon remains a stockholder with a controlling interest.
His roles as an executive officer since that date have been assumed among four individuals, each of whom was already an executive officer of the Company: Stephanie McMahon-Levesque, Chairwoman and Co-CEO; Nick Khan, Co-CEO; Frank A. Riddick, III, Chief Financial Officer and Chief Administrative Officer; and Paul Levesque, Chief Content Officer.
Effective September 2, 2022, Mr. Riddick was promoted to President; he will continue in his role as Chief Financial Officer.
Due to these changes, the Company’s Compensation and Human Capital Committee determined on August 31, 2022 that it is appropriate to provide certain enhancements to the compensation of Ms. McMahon and Messrs. Khan, Riddick and Levesque as described below:
1. Changes in Base Salary.
As of the Effective Date, (i) Ms. McMahon’s annual base salary increased from $730,000 to $1.35 million. Ms. McMahon will continue to receive payments including, without limitation, the $750,000 guaranteed minimum under her booking agreement, as amended, which is listed as an exhibit (and incorporated by reference) to our Annual Report on Form 10-K/A filed with the SEC on August 16, 2022;(ii) Mr. Khan’s annual base salary increased from $1.2 million to $1.35 million;
(iii) Mr. Riddick’s annual base salary increased from $850,000 to $950,000; and
(iv) Mr. Levesque’s annual base salary increased from $730,000 to $900,000. Mr. Levesque will continue to receive payments including, without limitation, the $1.0 million guaranteed minimum under his booking agreement, as amended, which is listed as an exhibit and incorporated by reference) to our Annual Report on Form 10-K/A filed with the SEC on August 16, 2022.
You can read the full report, featuring more information on changes to annual target bonus opportunity and special equity grants right here.
Via PWInsider
