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After a tough couple of years, Meta is flying: Income is rising once more, income are approach up after some painful belt-tightening, and its inventory is at a file excessive.

What may presumably go unsuitable?

Effectively, perhaps Mark Zuckerberg, its CEO, may get damage, or worse, in a cage match?

That is what Meta is suggesting in a brand new Securities and Trade Fee submitting out this week. Within the firm’s latest annual report, it instructed buyers that Zuckerberg routinely did dangerous stuff for enjoyable — and that it might be an actual downside for the corporate if he acquired injured doing that.

From Meta’s 10-Okay, filed beneath “threat elements”:

We at the moment rely upon the continued providers and efficiency of our key personnel, together with Mark Zuckerberg. Mr. Zuckerberg and sure different members of administration take part in numerous high-risk actions, comparable to fight sports activities, excessive sports activities, and leisure aviation, which carry the danger of significant harm and dying.

Meta is presumably referring to Zuckerberg’s well-documented embrace of all types of brotastic enjoyable, together with combined martial arts, hydrofoiling, and CrossFit. He has additionally been coaching to get his pilot license, The Data reported.

And he has gotten banged up alongside the best way: Final 12 months, he tore his ACL in a coaching battle.

Zuckerberg definitely is not the one tech mogul who likes these things. His rival Elon Musk, as an illustration, flies himself round on a regular basis, and he famously challenged Zuckerberg to a cage match (which some individuals insisted was going to be an actual factor however by no means panned out).

However he would be the solely Huge Tech CEO who’s spelled that out as an issue for buyers.

Musk’s Tesla, as an illustration, merely factors out that the corporate is “extremely dependent” on his providers and would not point out the prospect of him crashing certainly one of his Gulfstreams. (It does, nevertheless, say that Musk “doesn’t dedicate his full time and a focus to Tesla” as a result of he is additionally working SpaceX, X, and different ventures.)

Friends comparable to Microsoft, Apple, and Amazon both say that their CEOs are vital or do not even point out them.

Meta reps didn’t instantly reply to a request for remark. However Zuckerberg mainly did, by responding to a submit in regards to the 10-Okay submitting on Threads:

It is value stating that whereas the “threat issue” part of any public firm may be helpful to scan, because it lays out all types of issues that might come up, it often isn’t the sort of factor most buyers care about. The purpose is to insulate the corporate from legal responsibility in case one thing does go unsuitable: “See? We instructed you this might occur. Now inform your legal professionals to cease bothering us.”

So whereas Meta does take Zuckerberg’s well-being very critically — in 2022, it spent $15 million on private safety for him and his household — it is unlikely it thinks he’ll get actually, actually damage. However they’re letting us it may occur, simply in case.