WBD Announces Board Changes and Executive Compensation Updates

Ticker: WBD · Form: 8-K · Filed: 2024-09-19T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-of-directors

Related Tickers: WBD

TL;DR

WBD board shakeup and exec pay changes filed. Watch for governance shifts.

AI Summary

Warner Bros. Discovery, Inc. announced on September 16, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and updated compensatory arrangements for certain officers, details of which are provided in the filing.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.

Risk Assessment

Risk Level: medium — Changes in board and executive compensation can indicate internal strategic shifts or responses to performance pressures, which carry inherent risks.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of new directors, but the specific names and details of their appointments are not fully elaborated in the provided text, requiring a review of the full document.

What are the key details of the updated compensatory arrangements for certain officers?

The filing states that compensatory arrangements for certain officers have been updated, but the specific terms, amounts, and beneficiaries are not detailed in this excerpt.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on September 16, 2024.

What is the state of incorporation for Warner Bros. Discovery, Inc.?

Warner Bros. Discovery, Inc. is incorporated in Delaware.

What is the business address of Warner Bros. Discovery, Inc.?

The business address is 230 Park Avenue South, New York, NY 10003.

From the Filing

0001437107-24-000168.txt : 20240919 0001437107-24-000168.hdr.sgml : 20240919 20240918174733 ACCESSION NUMBER: 0001437107-24-000168 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240916 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240919 DATE AS OF CHANGE: 20240918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Warner Bros. Discovery, Inc. CENTRAL INDEX KEY: 0001437107 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 352333914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34177 FILM NUMBER: 241308446 BUSINESS ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 212-548-5555 MAIL ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: Discovery, Inc. DATE OF NAME CHANGE: 20180306 FORMER COMPANY: FORMER CONFORMED NAME: Discovery Communications, Inc. DATE OF NAME CHANGE: 20080606 8-K 1 disca-20240916.htm 8-K disca-20240916 0001437107 false 0001437107 2024-09-16 2024-09-16 0001437107 us-gaap:CommonClassAMember 2024-09-16 2024-09-16 0001437107 disca:SeniorNotesDue20304.302Member 2024-09-16 2024-09-16 0001437107 disca:SeniorNotesDue20304.693Member 2024-09-16 2024-09-16 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):  September 16, 2024 Warner Bros. Discovery, Inc. (Exact name of registrant as specified in its charter) Commission File Number:   001-34177 Delaware 35-2333914 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 230 Park Avenue South New York , New York 10003 (Address of principal executive offices, including zip code) 212 - 548-5555 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) 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: [ ☐ ]   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 Series A Common Stock WBD Nasdaq Global Select Market 4.302% Senior Notes due 2030 WBDI30 Nasdaq Global Market 4.693% Senior Notes due 2033 WBDI33 Nasdaq Global Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 16, 2024, the Board of Directors (the "Board") of Warner Bros. Discovery, Inc. (“Warner Bros. Discovery

View on Read The Filing