Company: WBD
Filing Date: 2025-07-28
Form Type: 8-K
Source: 0001437107-25-000177
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Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-07-28
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.

As previously announced, Warner Bros. Discovery, Inc. (the “ Company”) plans to separate the Company, in a tax-free transaction (the “ Separation”), into two publicly traded companies (referred to herein, respectively, as “ Warner Bros.” and “ Discovery Global”).

Appointment of Chief Financial Officer

On July 28, 2025, the Company announced that Fraser Woodford will be appointed as the Chief Financial Officer of the Company, effective upon, and contingent on, completion of the Separation. As previously announced, Gunnar Wiedenfels will cease to serve as the Chief Financial Officer of the Company, and is expected to serve as the Chief Executive Officer of the Company, effective upon, and contingent on, completion of the Separation.

Mr. Woodford, 49, has served as Executive Vice President, Treasury, Investments, and Real Estate of the Company since 2022. Prior to the Company’s acquisition of the WarnerMedia business from AT& T Inc. in 2022 (the “ WarnerMedia Transaction”), Mr. Woodford served as Executive Vice President, Treasurer of Discovery, Inc. from 2020 to 2022 and Senior Vice President, Treasurer of Discovery, Inc. from 2016 to 2020. Prior to joining the Company, Mr. Woodford was Assistant Treasurer of DirecTV from 2013 to 2016 and Director, Investment Banking of Barclays Capital from 2002 to 2012.

The terms of Mr. Woodford’s compensation as Chief Financial Officer of the Company have not yet been determined. In accordance with Instruction 2 of Item 5.02 of Form 8-K, the Company will amend this Current Report on Form 8-K within four business days after such information is determined or becomes available.

There are no family relationships between Mr. Woodford and any director or executive officer of the Company, and no arrangements or understandings between Mr. Woodford and any other person pursuant to which Mr. Woodford was appointed to serve as Chief Financial Officer of the Company. There are no transactions in which Mr. Woodford has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Appointment of Chief Accounting Officer

In addition, on July 28, 2025, the Company announced that Brian Rauch will be appointed as the Chief Accounting Officer of the