WWE recently filed a statement with the SEC regarding CFO Frank Riddick’s departure from the company, which will be taking place at the end of the month.
You can check out the official SEC filing below:
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously reported, on September 12, 2023 (the “Closing Date”), the principal financial officer of World Wrestling Entertainment, Inc. (n/k/a World Wresting Entertainment, LLC) (the “Company”), Frank A. Riddick III, ceased to be an officer of the Company in connection with the consummation of the transactions contemplated by the Transaction Agreement, dated as of April 2, 2023, by and among the Company, Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC, TKO Group Holdings, Inc. and Whale Merger Sub Inc. Mr. Riddick and the Company agreed that Mr. Riddick’s last day of employment with the Company will be September 29, 2023. In connection with his separation from the Company, Mr. Riddick will be eligible to receive the severance compensation and benefits set forth in his amended and restated employment agreement with the Company relating to a qualifying termination following a change in control of the Company and full vesting and payment of his sale bonus, each as described in the Company’s Information Statement / Prospectus dated August 22, 2023.
On Thursday, the annual PWI 500 list which ranks the top wrestlers in the world was released.
Taking to “Busted Open Radio” on Friday, Tommy Dreamer took issue with some of the ranking criteria and where Roman Reigns would rank based on PWI’s criteria. He said,
“Again, this criteria thing, and there’s two things in that really bother me. Jokingly, ‘Oh, just give an answer.’ I cannot because I know it’s not real. I need to know, cool then who won the most matches right then and there? That’s my criteria then. But if you put Roman Reigns — the entire industry for that for this year has been led by Roman Reigns, where every wrestler should walk up to Roman Reigns say, ‘Hey man, thank you. Thank you for leading the industry.’”
He continued, “Outside of all of the rest, I’m trying to go facts in a non-factual sport. Based on these facts, Roman Reigns is 300 and down. Based upon real numbers, Roman Reigns is top-five.”
And finally, you can check out the latest free episode of NJPW Strong On Demand below:
You can keep up with all your wrestling news right here on eWrestlingNews.com. Or, you can follow us over on our Twitter and Facebook pages.
WWE CFO Frank Riddick to Depart from the Company
World Wrestling Entertainment (WWE) recently announced that their Chief Financial Officer (CFO), Frank Riddick, will be leaving the company at the end of the month. The news was disclosed in a statement filed with the Securities and Exchange Commission (SEC).
The SEC filing revealed that Riddick’s departure is linked to the completion of certain transactions outlined in the Transaction Agreement between WWE and other entities such as Endeavor Group Holdings, Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC, TKO Group Holdings, Inc., and Whale Merger Sub Inc. These transactions were consummated on September 12, 2023.
According to the agreement, Riddick’s last day of employment with WWE will be September 29, 2023. As part of his separation from the company, he will be eligible to receive severance compensation and benefits as outlined in his amended and restated employment agreement. This includes a qualifying termination following a change in control of the company and the full vesting and payment of his sale bonus.
In other wrestling news, the annual Pro Wrestling Illustrated (PWI) 500 list was recently released. This list ranks the top wrestlers in the world based on various criteria. However, former wrestler Tommy Dreamer expressed his disagreement with some of the ranking criteria and where Roman Reigns, a prominent WWE superstar, was placed on the list.
During an appearance on “Busted Open Radio,” Dreamer voiced his concerns about the criteria used by PWI and argued that Reigns should be ranked higher based on his contributions to the industry. He emphasized that Reigns has been leading the industry throughout the year and deserves recognition for his accomplishments.
Dreamer highlighted the importance of factual data in a non-factual sport and suggested that Reigns should be among the top five wrestlers based on real numbers. This reflects the impact Reigns has had on the wrestling industry and the respect he has garnered from his peers.
In addition to these updates, fans of New Japan Pro-Wrestling (NJPW) can enjoy the latest episode of NJPW Strong On Demand. The episode features a match between Hiroshi Tanahashi and Mike Bailey and can be viewed for free on YouTube.
For more wrestling news and updates, you can visit eWrestlingNews.com, a reliable source for all things wrestling. You can also follow them on Twitter and Facebook to stay connected with the latest happenings in the world of professional wrestling.
As CFO Frank Riddick prepares to depart from WWE, fans eagerly anticipate the future developments within the company. Meanwhile, the wrestling community continues to debate and discuss the rankings and criteria used by PWI, adding fuel to the ongoing conversation about who truly deserves recognition as the top wrestlers in the world.