secwatch.observer — SEC 8-K summary
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Issuer:     TKO Group Holdings, Inc. (TKO)
CIK:        0001973266
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001193125-23-233543
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 5.02, 2.01, 2.03, 3.03, 5.01, 5.03, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TKO Group closes UFC-WWE merger; Endeavor 51%, former WWE 49%
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- Closing date September 12, 2023; each WWE share exchanged for one TKO Class A share.
- Endeavor holds 51% of TKO voting and TKO OpCo economics; former WWE holders hold 49% voting, 100% of TKO economic.
- New board of 11 directors; Ariel Emanuel CEO, Mark Shapiro President/COO, Andrew Schleimer CFO.
- Emanuel granted $40M RSUs (4-year vest); Shapiro granted $6.25M RSUs (1-year vest).
- WWE audited FY2022 and unaudited H1 2023 financials filed; pro forma combined financials provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1973266/000119312523233543/0001193125-23-233543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1973266/000119312523233543/d488581d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-233543

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer