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): October 29, 2004
World Wrestling Entertainment, Inc.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 000-27639 04-2693383
---------------------------- -------------- -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1241 East Main Street, Stamford, CT 06902
----------------------------------------------- ----------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (203) 352-8600
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 (see General Instruction A.2.):
/ / 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))
Item 8.01. Other Events.
On October 29, 2004, the World Wide Fund for Nature (the "Fund") filed a
claim for damages in the English High Court with respect to its suit initiated
in April 2000 against us originally seeking injunctive relief and unspecified
damages for alleged breaches of a 1994 agreement between the Fund and us
regarding the use of the initials "wwf." The Fund in its recent filing seeks
actual damages for legal and other costs of approximately $575,000 and further
asserts substantial monetary claims in an amount calculated as a royalty based
on percentages of certain of our revenue streams.
We strongly dispute that the Fund has suffered any damages. We believe that
we have strong defenses to the Fund's unwarranted monetary claims and will
vigorously defend against them. The potential impact of an unfavorable outcome
of the Fund's monetary claims on our financial condition, results of operations
or liquidity cannot be determined at this time. However, if the Fund's legal
basis for its monetary claims were to be accepted and approved by the Court, the
impact could be material. A hearing has been scheduled on the Fund's claims for
January 11, 2005.
Since November 2002 we have complied with an injunction entered in that
suit barring us from using our former "wwf" website addresses and our former
scratch logo. For additional information regarding the World Wide Fund for
Nature legal proceedings, reference is made in the disclosure in Note 10 of
Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for
the fiscal year ended April 30, 2004.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
99.1 Press Release dated November 8, 2004.
SIGNATURE
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 hereunto duly authorized.
WORLD WRESTLING ENTERTAINMENT, INC.
By: /s/ Edward L. Kaufman
-----------------------------
Edward L. Kaufman
Executive Vice President and
General Counsel
Dated: November 8, 2004