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March 27, 2013

Vince McMahon Re-Arranges Stock Ownership


WWE filed a document with the SEC on Wednesday disclosing that WWE CEO Vince McMahon converted 450,000 shares of Class B McMahon Family Stock into 450,000 shares of Class A Common Stock.

McMahon now owns more than 39 million shares (56.9 percent) of Class A Common Stock. Also, McMahon owns 87.2 percent of Class B McMahon Family Stock.

The result is that McMahon owns "approximately 81.8 percent of the Company’s total voting power," according to WWE's disclosure.

It's also worth noting that McMahon "indirectly" owns another 100 shares of Class A stock owned by his wife, former WWE CEO Linda McMahon, and 566,670 shares of Class B stock owned by Linda.

source: pwtorch.com

SEC filings here and here at corporate.wwe.com.


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