SCHL Scholastic Corporation

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 25, 2024

 

 

SCHOLASTIC CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware			000-19860	13-3385513
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
557 Broadway
New York, New York				10012
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 212 343-6100

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value		SCHL		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 8.01 Other Events.

On September 25, 2024, the Company issued a press release announcing Jeffrey Mathews has been named Executive Vice President and Chief Growth Officer effective September 18, 2024, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(a)	Not applicable.
(b)	Not applicable.
(c)	Not applicable.
(d)	The following exhibits are filed as part of this report:
	Exhibit 99.1		Press release of the Company dated September 25, 2024.
	Exhibit 104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			SCHOLASTIC CORPORATION
Date:	September 25, 2024	By:	/s/ Andrew S. Hedden
			Andrew S. Hedden Executive Vice President, General Counsel and Secretary

 

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Scholastic Appoints Jeffrey Mathews as Chief Growth Officer

September 25, 2024 – New York, NY – Scholastic (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that Jeffrey Mathews has been appointed to the new role of Scholastic’s Chief Growth Officer and Executive Vice President, effective immediately. He rejoined Scholastic two years ago, as Executive Vice President, Corporate Development and Investor Relations.

With this appointment, Mr. Mathews’ responsibilities now include refining and implementing Scholastic’s long-term growth strategy in partnership with leaders across the business. He will continue to report to Scholastic President and CEO Peter Warwick in New York and to lead the Company’s corporate development and investor relations functions, as well as Scholastic’s cross-company corporate sustainability and impact program.

Mr. Warwick said, “Since he returned to Scholastic, Jeff’s deep industry and investor perspectives, as well as his commitment to Scholastic’s mission and people, have been invaluable in reorienting the Company toward growth. He has also played a pivotal role in creating and implementing our strategy to unlock the potential of Scholastic’s trusted brand, beloved content and unique channels. We are already making substantial progress toward our goals of creating long-term value and impact, and I’m thrilled to now have Jeff leading the development and implementation of growth initiatives across Scholastic, working closely with our other strong leaders.”

Mr. Mathews added, “It is such a privilege to work at Scholastic, one of few companies where doing well truly means doing good. The need for trusted books, media and learning materials that entertain, engage and educate kids has never been more pressing – and Scholastic is uniquely positioned to grow by meeting this need. I have always been excited by the chance to move from strategy to execution, but especially now with the advantages of Scholastic’s unmatched strengths and purpose.”

Mr. Mathews brings more than 30 years of experience in strategy, M&A and investor relations to Scholastic, in addition to his experience as a co-founder of two technology start-ups. In 2022, he returned to the Company as Executive Vice President, Corporate Development and Investor Relations. From 2008 to 2012 at Scholastic, he held the role of Vice President, Corporate Strategy, Business Development & Investor Relations, after four years as head of investor relations for the Company. He also previously served as Managing Partner at Gagnier Communications, a strategic financial communications and investor relations agency serving clients across North America, Asia and Europe. He was also a strategy consultant at The Monitor Company (now Deloitte Monitor). Mr. Mathews holds an A.B. from Princeton University, and a D.Phil. from Oxford University.

 

SCHL: Financial

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v3.24.3

Document And Entity Information	Sep. 25, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 25, 2024
Entity Registrant Name	SCHOLASTIC CORPORATION
Entity Central Index Key	0000866729
Entity Emerging Growth Company	false
Entity File Number	000-19860
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3385513
Entity Address, Address Line One	557 Broadway
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10012
City Area Code	212
Local Phone Number	343-6100
Entity Information, Former Legal or Registered Name	N/A
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	SCHL
Security Exchange Name	NASDAQ

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