Endeavor closes WWE-UFC combination; TKO now operating; 51%/49% ownership split

Endeavor Group Holdings, Inc.

Transaction closed Sept 12, 2023; Endeavor units own 51% voting & economic of TKO; former WWE holders own 49%.
Governance agreement: McMahon/WWE designees control board until sunset; Endeavor designees while >20% voting power.
Ariel Emanuel appointed CEO of TKO with $3M base salary, $20M transaction bonus, $40M one-time equity award.
Mark Shapiro appointed President/COO of TKO; employment term expires one year from closing.

item 1.01 item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mark Shapiro

President and Chief Operating Officer

Endeavor Group Holdings, Inc.

Effective: 2023-09-12
Filed: September 12, 2023, 7:59 PM ET

Ariel Emanuel, the Company’s Chief Executive Officer, and Mark Shapiro, the Company’s President and Chief Operating Officer, were appointed to also serve as Chief Executive Officer, and President and Chief Operating Officer, respectively, and as members of the TKO Board.

Appointed

Ariel Emanuel

Chief Executive Officer

Endeavor Group Holdings, Inc.

Effective: 2023-09-12
Filed: September 12, 2023, 7:59 PM ET

Ariel Emanuel, the Company’s Chief Executive Officer, and Mark Shapiro, the Company’s President and Chief Operating Officer, were appointed to also serve as Chief Executive Officer, and President and Chief Operating Officer, respectively, and as members of the TKO Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Shapiro was appointed as President and Chief Operating Officer at Endeavor Group Holdings, Inc..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

Ariel Emanuel, the Company’s Chief Executive Officer, and Mark Shapiro, the Company’s President and Chief Operating Officer, were appointed to also serve as Chief Executive Officer, and President and Chief Operating Officer, respectively, and as members of the TKO Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ariel Emanuel was appointed as Chief Executive Officer at Endeavor Group Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Ariel Emanuel, the Company’s Chief Executive Officer, and Mark Shapiro, the Company’s President and Chief Operating Officer, were appointed to also serve as Chief Executive Officer, and President and Chief Operating Officer, respectively, and as members of the TKO Board.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Endeavor Group Holdings, Inc. entered into TKO Operating Agreement with TKO OpCo valued at Fourth Amended and Restated Limited Liability Company Agreement of TKO OpCo (effective 2023-09-12).

Action: entry
Counterparty: TKO OpCo
Value: Fourth Amended and Restated Limited Liability Company Agreement of TKO OpCo
Effective: 2023-09-12

Exact text from the filing

On the Closing Date, in connection with the Transactions, the Company, TKO and other subsidiaries of the Company entered into several agreements, including a Fourth Amended and Restated Limited Liability Company Agreement of TKO OpCo (the “TKO Operating Agreement”)

View on SEC.gov

114 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001193125-23-233577

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