0001091907 false 0001091907 2023-06-14 2023-06-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 14, 2023

 

World Wrestling Entertainment, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-16131   04-2693383
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification No.)

 

1241 East Main Street, Stamford, CT   06902
(Address of principal executive offices)   (Zip code)

 

Registrant’s telephone number, including area code: (203) 352-8600

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share   WWE   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

   

 

 

Item 8.01. Other Events.

On June 14, 2023, World Wrestling Entertainment, Inc. (the “Company”), pursuant to the terms of the Indenture, dated as of December 16, 2016 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the “Trustee”), provided a notice to the Trustee and holders (the “Holders”) of its outstanding 3.375% Convertible Senior Notes due 2023 (the “Notes”) that the Company has elected to settle any Notes converted on and after June 15, 2023 by Physical Settlement (as defined in the Indenture). As a result, the Company will deliver to converting Holders in respect of each $1,000 principal amount of Notes being converted a number of shares of Common Stock (as defined in the Indenture) equal to the Conversion Rate in effect on the Conversion Date (as defined in the Indenture). As of June 14, 2023, the Conversion Rate was 40.1405 shares of Common Stock.

 

 

  

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  WORLD WRESTLING ENTERTAINMENT, INC.  
       

Date: June 14, 2023

By: /s/ FRANK A. RIDDICK III  
   

Frank A. Riddick III

 
   

President and Chief Financial Officer