WWE's recent SEC financial report revealed Vince McMahon was raided by feds and served a federal subpoena last month, though he has not been charged. WWE SupoenaSmackdown
whenever he wanted. But the report also revealed that McMahon's home was raided by the feds last month.As previously disclosed on June 17, 2022, a Special Committee of the Board of Directors was formed on June 15, 2022 to investigate allegations of misconduct by Vince McMahon. As previously disclosed, the Special Committee investigation was completed during the fourth quarter of 2022. However, related government investigations remain ongoing.
The Company has received voluntary and compulsory legal demands for documents, including from federal law enforcement and regulatory agencies, concerning the investigation and related subject matters. Additional information with respect to this item may be found in Note 18, Commitments and Contingencies, to the Consolidated Financial Statements.Except as described in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, we do not believe there have been any changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2022.
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