-

SEC filing reveals employment details of new WWE Chief Financial Officer

In a Form 8-K filing with the United States Securities and Exchange Commission it was revealed that the new WWE Chief Financial Officer and Chief Administrative Officer will be receiving a salary of $850,000 per year.

Frank A. Riddick III officially took over the role yesterday from outgoing CFO Kristina Salen. Riddick will also receive a one-time $1 million as a cash sign-on bonus payment, a bonus he will have to repay in full if he decides to leave his position within three years. As part of his package, Riddick will also get an annual performance cash bonus and a target incentive award equal to 100% of his base salary.

In addition, Riddick received $5 million in WWE stocks which will vest in equal installments over four years.

Riddick resigned from the WWE’s Board of Directors as well, a step he had to take to assume the role of CFO.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Brody King and Buddy Matthews file trademark applications for new names

With Malakai Black's departure from AEW, the House of Black is also seemingly dead for obvious reasons, but Black's...

Bayley back on the Raw roster

Former WWE Women's champion Bayley has officially joined the Raw roster, switching from the blue brand as part of...

WWE and Fanatics announce WWE World at WrestleMania 41

WWE and Fanatics today officially announced the return of WWE World at WrestleMania 41, a five-day event which will...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading