WBD Board Elects David Zaslav Chairman
Ticker: WBD · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1437107
| Field | Detail |
|---|---|
| Company | Warner Bros. Discovery, Inc. (WBD) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-compensation
Related Tickers: WBD
TL;DR
Zaslav is now Chairman of WBD's board, effective June 3rd.
AI Summary
Warner Bros. Discovery, Inc. announced on June 3, 2024, that its Board of Directors has elected a new director, David Zaslav, to serve as Chairman of the Board. Additionally, the company filed financial statements and exhibits related to its business operations. The filing also noted the departure of certain officers and the election of new ones, alongside details on compensatory arrangements for key executives.
Why It Matters
This leadership change at the top of Warner Bros. Discovery could signal shifts in strategic direction and executive priorities for the media giant.
Risk Assessment
Risk Level: low — The filing primarily concerns board and executive changes and routine financial disclosures, with no immediate negative financial implications.
Key Players & Entities
- Warner Bros. Discovery, Inc. (company) — Registrant
- David Zaslav (person) — Elected Chairman of the Board
- June 3, 2024 (date) — Effective date of board changes
- June 7, 2024 (date) — Filing date
FAQ
Who was elected as the new Chairman of the Board for Warner Bros. Discovery, Inc.?
David Zaslav was elected as the new Chairman of the Board for Warner Bros. Discovery, Inc.
What is the effective date of the reported board changes?
The earliest event reported, including the board changes, was effective June 3, 2024.
What other items are mentioned in this 8-K filing besides director changes?
The filing also includes information on the election of directors, appointment of certain officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
What is the Commission File Number for Warner Bros. Discovery, Inc.?
The Commission File Number for Warner Bros. Discovery, Inc. is 001-34177.
When was this 8-K form filed with the SEC?
This 8-K form was filed on June 7, 2024.
Filing Stats: 950 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-06-07 16:08:23
Filing Documents
- disca-20240603.htm (8-K) — 55KB
- disca-20240603_g1.jpg (GRAPHIC) — 113KB
- 0001437107-24-000121.txt ( ) — 519KB
- disca-20240603.xsd (EX-101.SCH) — 3KB
- disca-20240603_def.xml (EX-101.DEF) — 16KB
- disca-20240603_lab.xml (EX-101.LAB) — 28KB
- disca-20240603_pre.xml (EX-101.PRE) — 16KB
- disca-20240603_htm.xml (XML) — 5KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On June 3, 2024, the Company held its Annual Meeting by means of remote communication. The following are the results of the voting on the proposals submitted to stockholders at the Annual Meeting. Proposal 1. Stockholders elected each of the Company's eight director nominees, each to serve a one-year term, as set forth below: Name Votes For Votes Withheld Broker Non-Votes Li Haslett Chen 1,635,873,113 81,017,218 330,422,412 Richard W. Fisher 1,359,207,913 357,682,418 330,422,412 Paul A. Gould 1,275,250,427 441,639,904 330,422,412 Kenneth W. Lowe 1,386,839,329 330,051,002 330,422,412 John C. Malone 1,222,579,784 494,310,547 330,422,412 Fazal Merchant 1,636,740,337 80,149,994 330,422,412 Paula A. Price 1,646,584,755 70,305,576 330,422,412 David M. Zaslav 1,628,679,442 88,210,889 330,422,412 Proposal 2. Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, as set forth below: Votes For Votes Against Abstentions 2,004,701,376 35,603,415 7,007,952 Proposal 3. Stockholders approved, on a non-binding, advisory basis, the 2023 compensation of the Company's named executive officers, commonly referred to as a "Say-on-Pay" vote, as set forth below: Votes For Votes Against Abstentions Broker Non-Votes 916,077,442 793,655,790 7,157,099 330,422,412 Proposal 4. Stockholders approved the Plan, as set forth below: Votes For Votes Against Abstentions Broker Non-Votes 1,369,385,324 340,613,411 6,891,596 330,422,412 Proposal 5. Stockholders did not approve the non-binding stockholder proposal entitled "Report on Use of AI," as set forth below: -2- Votes For Votes Against Abstentions Broker Non-Votes 406,698,806 1,286,231,649 23,959,876 330,422,412 Proposal 6. Stockholders approved the non-binding stockholder proposal entitled "Adopt a Shareholder Right to Call a Spec
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 10.1 Amended & Restated Warner Bros. Discovery, Inc. Stock Incentive Plan ( incorporated by reference to Appendix A of the Company's Definitive Proxy Statement on Schedule 14A filed on April 19, 2024 (File No. 001-34177)) 101 Inline XBRL Instance Document - the instance document does not appear in the Interactive Date File because its XBRL tags are embedded within the Inline XBRL document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -4-
SIGNATURES
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. Date: June 7, 2024 WARNER BROS. DISCOVERY, INC. By: /s/ Savalle Sims Name: Savalle Sims Title: Chief Legal Officer -5-