Meta CEO Mark Zuckerberg faces the risk of injury and death with his penchant for “high-risk activities,” the Securities and Exchange Commission (SEC) said in a recent statement.
The caveat, newly added under “risk factors” in Meta’s 2023 10-K filing, highlights Zuckerberg’s involvement in risky hobbies like hydrofoiling and mixed martial arts.
The filing further expresses concern that potential accidents during Zuckerberg’s pursuits, such as surfing, sparring or flying, could have a “severe adverse impact” on Meta’s operations.
Interestingly, the document suggests that Zuckerberg has met the requirements to become a certified pilot, noting his involvement in “combat sports, extreme sports and recreational aviation.”
This cautionary disclosure, which is not included in Meta’s 2022 10-K filing, underscores the company’s reliance on the ongoing service and performance of key employees, particularly Mark Zuckerberg.
The inclusion of such a warning is atypical in Meta’s submission and draws attention to the possible consequences associated with the CEO’s adventurous activities.
