An update on WWE board of directors movement.
In a new 8-K filing by WWE, it was confirmed that Man Jit Singh and Ignace Lahoud resigned because they disagreed with Vince McMahon's return to the company.
The filing states, "While Messrs. Lahoud and Singh agreed with the Board’s decision to explore the Company’s strategic alternatives, they did not agree with Mr. McMahon’s return at this time."
McMahon officially returned to the board on Friday, January 6. He was joined by former WWE Co-Presidents Michelle Wilson and George Barrios. JoEllen Lyons Dillon, Jeffrey R. Speed and Alan M. Wexler were removed from the board while Lahoud and Singh resigned.
Singh led the board investigation against McMahon after allegations of sexual misconduct and hush money were reported by the Wall Street Journal in June 2022.
McMahon was voted as executive chairman of the board on Tuesday. The announcement was made shortly after Stephanie McMahon announced her resignation as WWE Co-CEO.
On Wednesday, a lawsuit was filed by a WWE shareholder. Fans can learn more about the lawsuit by clicking here.