UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) November 19, 1999
0-27639
(Commission File Number)
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WORLD WRESTLING FEDERATION ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
Delaware 04-2693383
(State of Incorporation) (IRS Employer Identification Number)
1241 East Main Street, Stamford, CT 06902
(Address of registrant's principal executive office)
203-352-8600
(Registrant's telephone number)
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ITEM 5. Other Events
The Board of Directors (the "Board") of World Wrestling Federation
Entertainment, Inc. (the "Company") has elected three independent directors:
Lowell P. Weicker, Jr., David Kenin and Joseph Perkins. The other members of the
Board continue to be Vincent K. McMahon, Linda McMahon and August Liguori. The
Company issued a press release with respect to this event, which is filed as an
exhibit to this Form 8-K.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
Exhibit Number Title
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99.1 Press Release dated November 22, 1999.
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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, thereunto duly authorized.
WORLD WRESTLING FEDERATION ENTERTAINMENT, INC.
By: /s/ August J. Liguori
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August J. Liguori
Executive Vice President and
Chief Financial Officer
Date: November 22, 1999
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Exhibit Index
Exhibit Number Title
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99.1 Press Release dated November 22, 1999.
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TYPE: EX-99.1
SEQUENCE: 2
DESCRIPTION: PRESS RELEASE
Exhibit 99.1
WORLD WRESTLING FEDERATION ENTERTAINMENT, INC. ANNOUNCES THREE NEW DIRECTORS
STAMFORD, CT, November 22, 1999 - World Wrestling Federation Entertainment, Inc.
(NMS: WWFE) named Lowell Weicker Jr., David Kenin and Joe Perkins as outside
members of WWFE's Board of Directors, expanding the Board from three to six.
o Governor Weicker, the popular and well-known political figure from
Connecticut, has more than 32 years experience in state, local, and federal
government. He was a State Representative from 1962-1968, Mayor of Greenwich
from 1963-1967, Congressman from 1969-1971, U.S. Senator from 1971-1989, and
Governor from 1991-1995. In Congress, he is known for building support for
the National Institutes of Health to maintain federal funding. Currently, he
also serves on the Boards of Directors for Compuware Corporation (NMS: CPWR),
Fonda Group, HPSC, Inc. (NMS: HPSC), Phoenix Mutual Funds, and UST Inc.
(NYSE: UST).
o Mr. Kenin is the former President of CBS Sports (NYSE: CBS) and the former
Executive Vice President of USA Networks (NMS: USAI). At CBS, he successfully
negotiated acquisition and extension of NCAA Football Championship, U.S. Open
Tennis, NCAA Basketball Championship, Daytona 500 and other NASCAR events. At
USA Network, he created the program strategy that build USA into basic
cable's highest rated network while directing all the program activities of
the Sci-Fi channel. Currently, Mr. Kenin is a cable, programming and new
business development consultant.
o Mr. Perkins is known as a pioneer in the television syndication of wrestling
matches. Starting more than 40 years ago, he has helped the WWFE's founding
McMahon family build its wrestling business through television syndication.
As President of Communications Consultants, Inc. of Boston, an advertising
and communications business, he is currently involved in the syndication of
WWFE's Metal and Jakked syndicated TV series on 120 stations nationwide.
"All three of these gentlemen are excellent additions to our Board. Their
collective insight into sports entertainment; broadcast, cable, and syndicated
television, and government and business provides a depth of experience that will
be invaluable to our plans for expanding the Company", said Linda McMahon,
President/CEO. Prior to this announcement, the Board consisted of Vincent K.
McMahon, Chairman of WWFE, Linda McMahon, President/CEO of WWFE, and August
Liguori, Chief Financial Officer of WWFE.
About World Wrestling Federation Entertainment
World Wrestling Federation Entertainment, Inc. (NMS: WWFE) is an integrated
media and entertainment company, principally engaged in the development,
production and marketing of television programming, pay-per-view programming and
live events, and the licensing and sale of branded consumer products. The
company also distributes news and information about its programming and products
through its main Internet site, WWW WWF.COM.
MediaContact: Jim Byrne, Senior Vice President of Marketing, World Wrestling
Federation Entertainment, Inc., at 203-352-8600. Investor Contact: Gary Fishman,
212-889-1727 x 110 or Karen Sager 212-889-1727 x131.
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