Company: WBD
Filing Date: 2025-12-05
Form Type: 8-K
Source: 0001193125-25-309873
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Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 8-K
Item: Item 5.02
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Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 3, 2025, the compensation committee of WBD’s board of directors (the “ Compensation Committee”) adopted a transaction bonus program (the “ Transaction Bonus Program”), the purpose of which is both to recognize and incentivize the contributions of selected key employees, which may include WBD’s executive officers other than its Chief Executive Officer, to the success of the Merger, as well as to secure and encourage the continued employment of such employees through the consummation of the Separation and the Distribution and/or the Merger. Under the Transaction Bonus Program, designated employees may receive a cash bonus from a pool of $38.7 million. The Compensation Committee will determine all individual award amounts under the Transaction Bonus Program to any executive officer of WBD. For employees who will support the SpinCo business following the Separation (“ New Company Employees”), individual award amounts, which will not exceed 150% of each recipient’s base salary, will only be payable, subject to such recipient’s continued employment through the consummation of the Merger. For certain New Company Employees, including any such employee who is an executive officer, individual award amounts will be determined in consultation with Netflix.