What is the main purpose of this 8-K filing?

The main purpose of this filing is to report an amendment to the employment agreement of Kurt Wehner, the Chief Accounting Officer, which sets his departure date from the company.

When will Kurt Wehner officially leave Warner Bros. Discovery?

Kurt Wehner's last day of employment is scheduled for December 31, 2018. However, he can request to leave earlier, between October 1, 2018, and December 31, 2018, with proper notice.

What flexibility does Mr. Wehner have regarding his departure date?

Mr. Wehner can request to adjust his termination date to fall between October 1, 2018, and December 31, 2018. This request requires him to provide at least 90 days' notice to the Company.

Is this filing relevant to the current Warner Bros. Discovery structure?

This filing is from February 2018, when the entity was Discovery Communications, LLC, a subsidiary of Discovery Communications, Inc. The current Warner Bros. Discovery, Inc. was formed later through a merger. While it concerns a former officer, the specific details of this employment agreement amendment are historical.

WBD 8-K: Leadership Changes

Summary

This 8-K filing from Warner Bros. Discovery, Inc. (filed under its former entity Discovery Communications, LLC) pertains to an amendment of the employment agreement for its Chief Accounting Officer, Kurt Wehner. The key takeaway for investors is the established timeline for Mr. Wehner's departure from the company. Specifically, Mr. Wehner's last day of employment is set for December 31, 2018. However, there is a provision allowing for an earlier departure between October 1, 2018, and December 31, 2018, at Mr. Wehner's request, provided he gives the company at least 90 days' notice of any such adjustment. This information is important for understanding potential changes in key financial leadership during the specified period.

Key Highlights

1Amendment to employment agreement with Chief Accounting Officer, Kurt Wehner.
2Kurt Wehner's last day of employment is set for December 31, 2018.
3Mr. Wehner has the option to adjust his termination date to a date after October 1, 2018, but before December 31, 2018.
4Any adjusted termination date requires at least 90 days' advance notice from Mr. Wehner to the Company.
5This filing relates to Discovery Communications, LLC, a subsidiary of Discovery Communications, Inc. (pre-merger with WarnerMedia).

Warner Bros. Discovery, Inc. 8-K Report, Executive Changes (Feb 8, 2018)

Summary

Key Highlights

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