WBD replaces board and officers as Paramount Skydance merger takes effect
Filed with the SEC on · Summarized by InvestorsBot
As part of its merger with Paramount Skydance Corporation and its subsidiary Prince Sub Inc., WBD’s existing directors and several officers ceased serving at the merger’s effective time; David Zaslav separates on October 6, 2026, while Gunnar Wiedenfels, Bruce Campbell and Priya Aiyar separate on October 16. WBD approved $7.94 million in transaction bonuses for Wiedenfels, Campbell and Jean-Briac Perrette, with awards vested at the effective time and payable within 60 days after closing. Separately, WBD’s board ratified 396,804 restricted stock units granted after the related plan expired and 120,000 shares issued to directors, with potential legal challenges subject to a 120-day deadline from October 6.