WWE has introduced Karen Mullane as its new Controller and Principal Accounting Officer.
Mullane served as a Chief Monetary Officer of CreateMe Applied sciences, and earlier than that held the place of Vice President and Company Controller of SeatGeek. WWE pressured that Mullane has no familial relationships with any director or government at present working inside WWE.
Within the assertion, WWE introduced that Mullane will started her place on November 19, at WWE HQ in Stamford, Connecticut. Mullane will earn a base wage of $415,000, and is eligible to take part within the WWE Bonus Plan. Mullane can be entitled to a one-time sign-on bonus of $61,500.
This information comes within the wake of Mark Kowal’s departure, WWE’s now-former Company Controller. Kowal labored for World Wrestling Leisure for 19 years, from September 2001 till November 2020. Kowall held the place of Company Controller since 2004, the place he oversaw WWE’s monetary and accounting departments. He was additionally accountable for dealing with investments and managing property.
You possibly can see WWE’s assertion on their new rent under:
On November 19, 2020, World Wrestling Leisure, Inc. (the “Firm”) appointed Karen Mullane as its Controller and Principal Accounting Officer. The appointment coincides with the departure of Mark Kowal after 19 years of devoted service to the Firm.
Since April 2020, Ms. Mullane, age 56, has served because the Chief Monetary Officer of CreateMe Applied sciences, a privately held firm bringing expertise and {hardware} improvements to the attire trade. Previous to that, from January 2019 till April 2020 she served as Vice President and Company Controller of SeatGeek, Inc., a ticket platform enabling customers to purchase and promote tickets for stay sports activities, live shows and theater occasions. From July 2018 till January 2019, Ms. Mullane was the Vice President and Company Controller, Chief Accounting Officer for SoulCycle, a privately held New York Metropolis-based health firm. From January 2014 to November 2017, Ms. Mullane served as Vice President and Company Controller of Etsy, Inc.
Ms. Mullane executed a suggestion letter with the Firm (the “Supply Letter”), pursuant to which she agreed to function the Controller of the Firm efficient on November 19, 2020. The Supply Letter gives that Ms. Mullane will obtain an annual base wage of $415,000, payable bi-weekly. As well as, Ms. Mullane shall be eligible to earn annual money incentive awards underneath the Firm’s administration incentive plan. Ms. Mullane’s annual goal incentive award shall be 35% of her base wage. Additional details about the Firm’s administration incentive plan is included within the Firm’s proxy assertion for the 2020 Annual Assembly of Stockholders, filed with the Securities and Change Fee on March 6, 2020. Ms. Mullane can even obtain a sign-on bonus within the quantity of $61,500, topic to compensation if Ms. Mullane voluntarily terminates her employment with the Firm. Ms. Mullane can even conditionally obtain sure relocation bills and short-term housing. In reference to the appointment, Ms. Mullane shall be granted restricted inventory models of the Firm’s Class A standard inventory valued at $166,000. These restricted inventory models shall be topic to and ruled by the phrases of the Firm’s Omnibus Incentive Plan and can vest in three equal annual installments. Ms. Mullane can even be eligible to take part in future fairness award applications which might be provided to different executives of the Firm. Lastly, Ms. Mullane shall be eligible to take part within the Firm’s compensation and advantages plans and applications accessible to equally located executives.
