FilingsSEC filing

Warner Bros. Discovery agreed to reimburse CEO David Zaslav for any excise tax on merger payments; the amount was unknown

From the public record1 min read

Published Oct 20, 2026 · 02:25 UTCFiled Mar 16, 2026

Form8-K

FiledMar 16

Items5.02

CompanyWarner Bros. Discovery

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Warner Bros. Discovery said it entered into a tax reimbursement agreement with chief executive David Zaslav on Mar 10, 2026, in connection with its merger agreement with Paramount Skydance Corporation. If Zaslav incurred an excise tax on payments or benefits tied to the merger, the company would reimburse him so that, after tax, he would be in the same position as if no such tax had applied. The filing said the amount of any payment was unknown as of its date, and that, by the company’s tax advisors’ estimates then, no payment would be expected if the merger were to close in 2027. Warner Bros. Discovery reported it in an 8-K, a US company’s report of a material event, for an event dated Mar 10, 2026.1 2 3 4 5 6

How each figure was checked6 facts

Warner Bros. Discovery entered into a tax reimbursement agreement with David Zaslav, its CEO, on March 10, 2026tax reimbursement agreement with David Zaslav, Chief Executive Officer, on March 10, 2026Warner Bros. Discovery Form 8-K, SEC EDGAR ↗
the company entered into a merger agreement with Paramount Skydance Corporation, as previously disclosedAgreement and Plan of Merger with Paramount Skydance CorporationWarner Bros. Discovery Form 8-K, SEC EDGAR ↗
if Zaslav incurred an excise tax on merger-related payments, the company would reimburse him so he would be in the same after-tax positionreimbursement of any excise tax on merger-related payments, net after-taxWarner Bros. Discovery Form 8-K, SEC EDGAR ↗
as of the filing's date, the actual amount of any potential reimbursement payment was unknownthe actual amount of any potential reimbursement payment to Mr. Zaslav is unknownWarner Bros. Discovery Form 8-K, SEC EDGAR ↗
tax advisors’ estimates at the time of the filing: if the merger were to close in 2027, no reimbursement payment would be expectedif the Merger were to close in 2027, no reimbursement payment would be expectedWarner Bros. Discovery Form 8-K, SEC EDGAR ↗
the earliest event the 8-K reports is dated March 10, 2026March 10, 2026Warner Bros. Discovery Form 8-K, SEC EDGAR ↗