secwatch.observer — SEC 8-K summary
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Issuer:     Warner Bros. Discovery, Inc. (WBD)
CIK:        0001437107
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001437107-25-000180
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WBD outlines post-separation exec roles for Campbell & Perrette with $2.3M base, $9.5M 2025 equity
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- Campbell to become COO of Warner Bros. post-split; current salary $2.946M, new salary $2.3M, equity target $11.6M/year.
- Perrette to become President & CEO, Global Streaming & Games of Warner Bros.; salary $2.3M, annual equity target $10.6M.
- 2025 equity grants increased to $9.5M for both; incremental $1M awards on Aug 15, 2025.
- Current agreements extended to 2028; separation must close by Dec 31, 2026, or new agreements void.
- Both executives have 12-month non-compete; severance up to 24 months base plus bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437107/000143710725000180/0001437107-25-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437107/000143710725000180/disca-20250727.htm
  HTML page:      https://secwatch.observer/filing/0001437107-25-000180

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