World Wrestling Entertainment Inc. (NYSE:WWE), in a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, disclosed $14.6 million in “Unrecorded Expenses” that could be related to the hush money payouts former CEO Vince McMahon allegedly made as previously reported by the Wall Street Journal.
“The Company has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made (the “Unrecorded Expenses”),” the SEC filing read. “As of the date hereof, the Company has identified Unrecorded Expenses totaling approximately $14.6 million.”
