WWE® Announces Adjournment and Change of Format of 2020 Annual Meeting of Stockholders
June 26 2020 - 8:30AM
Business Wire
World Wrestling Entertainment, Inc. (NYSE: WWE), a Delaware
corporation, today announced that due to the continuing public
health impact of the coronavirus (COVID-19) pandemic and in
consideration of the health and well-being of our stockholders and
other meeting participants, our 2020 Annual Meeting of Stockholders
(the “Annual Meeting”) has been adjourned and the format of the
Annual Meeting has been changed so that it will now be done
virtually. The Annual Meeting, originally scheduled to be held on
April 16, 2020 at 10:00 a.m. Eastern time, and subsequently
adjourned, will be adjourned again and now be held on July 16,
2020 at 10:00 a.m. Eastern time in a virtual meeting format.
The Annual Meeting will be available at
www.virtualshareholdermeeting.com/WWE2020. Stockholders will not be
able to attend the Annual Meeting physically. No changes have been
made to the record date or the proposals to be brought before the
Annual Meeting, which are presented in the previously distributed
proxy statement.
As described in the previously distributed proxy materials,
stockholders are entitled to notice of, and to vote at, the Annual
Meeting and at any adjournments thereof if they were a stockholder
of record as of the close of business on February 20, 2020. To be
admitted to the Annual Meeting at
www.virtualshareholdermeeting.com/WWE2020, stockholders must enter
the control number found on the proxy card and related instructions
provided with the Company’s previously distributed proxy materials.
Beneficial owners of shares held in street name will need to follow
the instructions provided by the broker, bank or other nominee that
holds their shares. Eligible stockholders may participate in and
vote at the Annual Meeting by following the instructions available
on the meeting website during the meeting. The Company has designed
the format of the Annual Meeting to ensure that stockholders are
afforded similar rights and opportunities to participate as they
would have at an in-person meeting.
Further information regarding the matters to be acted upon at
the Annual Meeting is set forth in the proxy statement and other
proxy materials for the Annual Meeting. The proxy statement and the
Company’s 2019 Annual Report to Stockholders are available at
http://www.proxyvote.com. The proxy card has been updated to
reflect the adjournment and change in format of the Annual Meeting.
Eligible stockholders may use the original proxy card or the
updated proxy card to vote their shares of common stock in
connection with the Annual Meeting. Stockholders who have already
submitted a proxy or voting instructions will not be required to
submit an additional proxy card or to confirm the prior voting
instructions. Whether or not stockholders plan to attend the Annual
Meeting virtually, the Company strongly encourages its stockholders
to vote and submit voting instructions in advance of the meeting by
one of the several methods described in the proxy materials for the
Annual Meeting.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated
media organization and recognized leader in global entertainment.
The Company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family friendly entertainment on its television
programming, pay-per-view, digital media and publishing platforms.
WWE’s TV-PG, family-friendly programming can be seen in more than
800 million homes worldwide in 28 languages. WWE Network, the
first-ever 24/7 over-the-top premium network that includes all live
pay-per-views, scheduled programming and a massive video-on-demand
library, is currently available in more than 180 countries. The
Company is headquartered in Stamford, Conn., with offices in New
York, Los Angeles, London, Mexico City, Mumbai, Shanghai,
Singapore, Dubai, Munich and Tokyo.
Additional information on WWE (NYSE: WWE) can be found at
wwe.com and corporate.wwe.com. For information on our global
activities, go to http://www.wwe.com/worldwide/.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos and copyrights are the exclusive property of WWE
and its subsidiaries. All other trademarks, logos and copyrights
are the property of their respective owners.
Forward-Looking Statements: This
press release contains forward-looking statements pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of
1995, which are subject to various risks and uncertainties. These
risks and uncertainties include, without limitation, risks relating
to: the impact of the COVID-19 outbreak on our business, results of
operations and financial condition; entering, maintaining and
renewing major distribution agreements; a rapidly evolving media
landscape; WWE Network (including the risk that we are unable to
attract, retain and renew subscribers); our need to continue to
develop creative and entertaining programs and events; the
possibility of a decline in the popularity of our brand of sports
entertainment; the continued importance of key performers and the
services of Vincent K. McMahon; possible adverse changes in the
regulatory atmosphere and related private sector initiatives; the
highly competitive, rapidly changing and increasingly fragmented
nature of the markets in which we operate and greater financial
resources or marketplace presence of many of our competitors;
uncertainties associated with international markets including
possible disruptions and reputational risks; our difficulty or
inability to promote and conduct our live events and/or other
businesses if we do not comply with applicable regulations; our
dependence on our intellectual property rights, our need to protect
those rights, and the risks of our infringement of others’
intellectual property rights; the complexity of our rights
agreements across distribution mechanisms and geographical areas;
potential substantial liability in the event of accidents or
injuries occurring during our physically demanding events including
without limitation, claims alleging traumatic brain injury; large
public events as well as travel to and from such events; our
feature film business; our expansion into new or complementary
businesses and/or strategic investments; our computer systems and
online operations; privacy norms and regulations; a possible
decline in general economic conditions and disruption in financial
markets; our accounts receivable; our indebtedness including our
convertible notes; litigation; our potential failure to meet market
expectations for our financial performance, which could adversely
affect our stock; Vincent K. McMahon exercises control over our
affairs, and his interests may conflict with the holders of our
Class A common stock; a substantial number of shares are eligible
for sale by the McMahons and the sale, or the perception of
possible sales, of those shares could lower our stock price; and
the volatility of our Class A common stock. In addition, our
dividend is dependent on a number of factors, including, among
other things, our liquidity and historical and projected cash flow,
strategic plan (including alternative uses of capital), our
financial results and condition, contractual and legal restrictions
on the payment of dividends (including under our revolving credit
facility), general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
Forward-looking statements made by the Company speak only as of the
date made and are subject to change without any obligation on the
part of the Company to update or revise them. Undue reliance should
not be placed on these statements. For more information about risks
and uncertainties associated with the Company’s business, please
refer to the “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Risk Factors” sections of
the Company’s SEC filings, including, but not limited to, our
annual report on Form 10-K and quarterly reports on Form 10-Q.
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Investors: Michael Weitz
203-352-8642 Michael Guido 203-352-8779 Media: Matthew Altman 203-352-1177
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