It looks like Nick Khan isn’t leaving WWE any time soon

After learning that WWE President Nick Khan listed all of his TKO stock for sale, there’s been a lot of speculation among wrestling fans about his future with WWE / TKO, with some people believing this means he’s planning his exit from the company.

However, a new SEC filing from March 2024 suggests that isn’t the case at all.

The filing shows that Khan’s term of employment with WWE has been extended from its previous endpoint of August 2025 all the way to the end of 2026:

“The parties agree that the term of this Agreement and Khan’s employment hereunder is for a period commencing on the Effective Date and ending on December 31, 2026 (such period, the “Term”), subject to WWE and Khan’s right to terminate his employment and the Term prior to the end thereof as set forth in Section 4 below and subject to the provisions in Section 4 below concerning post-termination payments to Khan and/or reimbursements due from WWE. In the event Khan continues to render services for WWE after the expiration of the Term, such employment shall continue on an at-will basis, so that either WWE or Khan may terminate his employment for any reason at any time; however, if Khan intends to terminate his employment, he shall provide WWE with at least 60 days advance written notice.”

Furthermore, Wrestlenomics’ Brandon Thurston details how Khan’s financial interests in the performance of TKO have changed compared to the information we had available last year:

Comparing this to his Mar 2023 amendment:

His base annual salary is now $2.0M – up from $1.5M.

Incentive bonus is now 150% of his salary (150% of $2.0M=$3.0M) – up from 175% of his prior salary (175% of $1.5M=$2.6M)

At the end of each year, 2024, 2025, and 2026, he gets a third of 153,676 TKO shares (51,226 shares = market value today of $4.9M).

He’s eligible for additional annual equity awards at the Board’s discretion with a target amount of $5M for 2024 and target of $7.5M for 2025 and 2026 – up from $5.375M.

Depending on bonuses and including TKO equity based on today’s share price, that’s a total of around 14.9M to $17.4M annually, plus insurance benefits and 401k with 3% matching.

Add it all up, and that looks like a filthy rich corporate executive who won’t be leaving the company any time soon, regardless of what he’s doing with his stock.

What do you make of this SEC filing, Cagesiders?