Warner Bros. Discovery Announces Executive & Director Changes

Ticker: WBD · Form: 8-K · Filed: 2024-12-30T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, director-election

Related Tickers: WBD

TL;DR

WBD leadership shakeup: new execs and directors appointed, effective Dec 28.

AI Summary

Warner Bros. Discovery, Inc. filed an 8-K on December 30, 2024, reporting changes effective December 28, 2024. The filing details the departure of directors or certain officers, the election of new directors, and the appointment of certain officers, along with information on compensatory arrangements for these officers.

Why It Matters

This filing indicates significant shifts in the company's leadership structure, which could impact strategic direction and operational oversight.

Risk Assessment

Risk Level: medium — Changes in key personnel and leadership can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

FAQ

Who are the specific directors or officers departing from Warner Bros. Discovery, Inc.?

The filing does not specify the names of the departing directors or officers in the provided text.

Who has been elected as new directors to the board of Warner Bros. Discovery, Inc.?

The filing indicates the election of directors but does not name them in the provided text.

Which officers have been appointed to new roles within Warner Bros. Discovery, Inc.?

The filing mentions the appointment of certain officers but does not provide their names or specific roles in the provided text.

What are the details of the compensatory arrangements for the newly appointed officers?

The filing states that information regarding compensatory arrangements is included, but the specific details are not present in the provided text.

What is the effective date of the reported changes in directors and officers?

The reported changes in directors and officers are effective as of December 28, 2024.

From the Filing

0001437107-24-000203.txt : 20241230 0001437107-24-000203.hdr.sgml : 20241230 20241230160145 ACCESSION NUMBER: 0001437107-24-000203 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241228 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241230 DATE AS OF CHANGE: 20241230 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: 241589656 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-20241228.htm 8-K disca-20241228 0001437107 false 0001437107 2024-12-28 2024-12-28 0001437107 us-gaap:CommonClassAMember 2024-12-28 2024-12-28 0001437107 disca:SeniorNotesDue20304.302Member 2024-12-28 2024-12-28 0001437107 disca:SeniorNotesDue20304.693Member 2024-12-28 2024-12-28 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):  December 28, 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 December 28, 2024, Li Haslett Chen notified the Warner Bros. Discovery, Inc. (the “Company”) Board of Direc

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