A new WWE SEC filing made on Wednesday revealed that Shane McMahon made approximately $828,000 from the company in 2022 for his services as an independent contractor performer.
“In 2022, Shane McMahon was retained as an independent contractor performer by the Company and received an aggregate of approximately $828,000 in connection with such services,” the filing stated.
Shane competed in the 2022 Men’s Royal Rumble Match, entering at #28. He spent just over 5 minutes in the match before being eliminated by Brock Lesnar, as the 28th elimination. McMahon managed to eliminate Kevin Owens while in the match. This was Shane’s first WWE TV appearance since losing the Steel Cage match to Braun Strowman at WrestleMania 37 in 2021.
You may remember how Shane picked up some backstage heat during Rumble Weekend, from wrestlers and his father, while working as a producer for the Men’s Rumble as there was a feeling that Shane tried to make the match about himself, which led to WWE nixing significant plans they had for Shane going into WrestleMania 38 Season. Shane’s early 2022 exit came on quick, and was surrounded in controversy.
The new SEC filing also included details on the exits from the WWE Board of Directors last week.
We noted before how Man Jit Singh and Ignace Lahoud left the Board after new WWE Chairman Vince McMahon returned to the Board. The resignations were notable as Singh was the lead investigator in the Board’s Special Committee investigation into the allegations against Vince made earlier in 2022. Today’s SEC filing included the following on why Singh and Lahoud resigned:
“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,” the filing stated.
Singh worked as the lead independent director, the chair of the Compensation & Human Capital Committee, and he was a member of the Governance & Nominating Committee. Lahoud was a member of the Board’s Audit Committee.
McMahon brought former WWE Co-Presidents George Barrios and Michelle Wilson with him, replacing Alan Wexler, Jeffrey Speed, and JoEllen Lyons Dillon. The SEC filing noted that these Board members were replaced without cause. The filing also noted that WWE expects the Board will be “comprised of a majority of independent directors” by January 30.
The WWE Board of Directors currently consists of Vince, Barrios, Wilson, WWE CEO Nick Khan, WWE Chief Content Officer Triple H, Steve Koonin, Michelle McKenna, and Steve Pamon.
Stay tuned to WrestlingHeadlines.com for more. Below are links to some of our recent reports on the ongoing situation:
FULL COVERAGE OF THE VINCE MCMAHON – JOHN LAURINAITIS ALLEGATIONS AND FALLOUT:
– Update on the WWE Sale – Saudi Arabia PIF Rumors from Tuesday Night
– Major Rumors on a WWE Sale Making the Rounds
– WWE Names Vince McMahon as Chairman Once Again; Comments from Vince, Nick Khan, Stephanie McMahon
– Stephanie McMahon Announces WWE Resignation
– JP Morgan Gets Hired By WWE To Assist With Potential Sale
– Full Transcript from Today’s WWE Meeting Led By Stephanie McMahon, Nick Khan and Frank Riddick
– Backstage News from WWE Meeting, WWE Going Private Again?, Vince McMahon Notes, More
– WWE Holding Important Meeting Today, Wall Street Reacts to Vince McMahon’s Return to The Board
– Wall Street Reacts to Potential WWE Sale and Return of Vince McMahon
– Backstage Reactions to Vince McMahon Confirming His Plans for a WWE Return
– Vince McMahon Issues Statement and Details on Plans for WWE Return
– Vince McMahon Reportedly Planning WWE Return for a Major Sale
– Vince McMahon Scandal Hurt WWE’s Ability to Sell Sponsorships
– Backstage Talk on Vince McMahon’s Post-WWE Life
– WWE Says Vince McMahon’s Departure May Hurt the Company Creatively and Financially
– WWE Reveals $5 Million More In Payments Made By Vince McMahon
– Backstage Updates on WWE and John Laurinaitis, WWE’s Board of Directors Investigation
– Linda McMahon Comments on Vince McMahon’s WWE Retirement After Being Pressed By Reporter
– Vince McMahon WWE Stock Update, Vince’s WWE Ownership, Linda McMahon Note
– USA Network Looks Ahead to Big WWE Changes, USA on Fan Reactions to Triple H Taking Over Creative
– Top WWE Stars Jab at Vince McMahon’s Retirement on RAW
– What Triple H Promised to WWE Talents In Pre-RAW Backstage Meeting, More Backstage Notes
– Vince McMahon Facing Additional Investigations?, More on Vince’s Exit from WWE
– WWE Restates Financial Statements Due to Unrecorded Vince McMahon Expenses, Vince to Pay Money Back
– Backstage News on Brock Lesnar Working WWE SmackDown After Walking Out Earlier
– Stephanie McMahon and WWE Fans Send “Thank You” Message to Vince McMahon
– Read Vince McMahon’s Full Retirement Letter Sent to WWE Employees
– Brock Lesnar Officially Pulled from WWE SmackDown
– WWE to Replace Brock Lesnar at SummerSlam?, More on Lesnar’s Reaction to Vince McMahon’s Retirement
– Backstage News on Vince McMahon’s Retirement, Stephanie McMahon and Nick Khan’s New WWE Roles, More
– Brock Lesnar Reportedly Leaves SmackDown, Upset Over Vince McMahon’s WWE Retirement
– Vince McMahon Retires from WWE
– Triple H at WWE SmackDown, Backstage Talk on Triple H’s New Role, Bruce Prichard Update, More
– WWE Announces Triple H’s New Executive Role, Triple H Comments
– Netflix Reportedly Pulls Vince McMahon Project, Millions of Dollars Spent
– WWE Issues Internal Statement on Latest Vince McMahon Allegations
– Vince McMahon Reportedly Paid Millions of Dollars In “Hush Money” to Former Wrestler and Others
– News on Who Made the Decision to Name Stephanie McMahon as WWE’s Interim CEO & Chairwoman
– Stephanie McMahon Addresses Investigation Into Her Father During WWE HQ Meeting
– How Much Value WWE Has Lost Since Vince McMahon Scandal Broke, WWE Ratings Up Due to Buzz?
– WWE Now Facing Multiple Potential Class Action Lawsuits
– Vince McMahon Makes Surprise WWE RAW Appearance to Hype Big Return
– More Details On Vince McMahon’s Mood, Backstage Atmosphere At Friday’s WWE SmackDown
– Vince McMahon Opens Tonight’s WWE SmackDown, Video of the Segment
– Stephanie McMahon Sends Message to WWE Staff After Today’s Huge Announcement
– Vince McMahon Announced for WWE SmackDown
– Pat McAfee Reacts to Vince McMahon Allegations, Thinks We Will Never Get the Truth
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