WWE is set to reveal they earnings report shortly, but they are missing one very important document that some shareholders have been anticipating.
A proxy statement is a document with information that the SEC requires companies to provide to shareholders so they can make an informed decision about what is brought up in their annual meetings. It was noted on Wrestlenomics radio that WWE proxy statements contain “executive compensation” among other things.
The fact that WWE has not released a proxy statement is concerning as Brandon Thurston said on Wrestlenomics Radio.
“WWE has not released its proxy statement. They have not released form 14-A. In every single year going back the last ten years, and more I think, they have released their proxy statement in the month of Match, often very early in the month of March. I marked my calendar. I have a Google calendar and have a long strip that I marked where I thought, you know based on where sometimes in the dates it was released in previous years, it would be released in this range of dates… and that range of dates is weeks in the past.”
“I have emailed the folks at WWE investor relations. I have CC’ed the folks at media relations because they wanna deal with me and not investor relations — that’s okay. I’ve gotten no reply yet. It’s WrestleMania season, they’re really busy, but usually the proxy statement comes out at this time and it has not come out at this time. This is very discomforting.”
We’ll have to see if WWE finally releases this proxy statement, but the fact that they haven’t put out that information is a bit odd, especially since they have dropped it on schedule for the past decade. WWE made record profits in 2020. It makes us wonder what they have in store for investors next time they get some numbers.
Transcription by Ringside News