Within the document, the possibility of Vince McMahon either retiring, becoming disabled or passing away was discussed, and details how this would affect the company going forward were revealed.
The filing read:
“In addition to serving as Chairman of our Board of Directors and Chief Executive Officer, Mr. McMahon leads the creative team that develops the storylines and the characters for our programming (including our television, WWE Network and other programming) and live events. From time to time, Mr. McMahon has also been an important member of our cast of performers. The loss of Mr. McMahon due to unexpected retirement, disability, death or other unexpected termination for any reason could have a material adverse effect on our ability to create popular characters and creative storylines or could otherwise adversely affect our operating results. Mr. McMahon has established Alpha Entertainment LLC, to explore investment opportunities across the sports entertainment landscapes, and Alpha Entertainment LLC plans to launch a professional football league in early 2020 . While he has provided the Company assurances that his focus on WWE will not be diverted by these efforts, any such diversion or perception of such diversion could adversely affect our operating results and could have a material adverse effect on our stock price.”
It’s been a widely discussed topic recently, what with McMahon restarting the XFL project, the declining quality of weekly shows, and the rise of Triple H who runs NXT, and many fans have made it their belief that if McMahon were to divert his attention away from WWE programming it would actually be for the better.
While this remains to be seen, the impact VKM has had on the industry should not be undermined and the day he does step away, whatever the reason may be, will be a truly monumental moment in history.