SCHOLASTIC CORP - Form 8-K Filing

This Form 8-K filing by Scholastic Corporation details significant changes in executive compensation and a new bonus structure. Jeffrey Mathews, Executive Vice President and Chief Growth Officer, has been appointed President of Education Solutions. His annual base salary will increase from $615,000 to $675,000 effective January 1, 2026. His short-term incentive program (STIP) target bonus percentage has been raised from 60% to 70% of his base salary, effective June 1, 2025, with a guaranteed minimum payout for fiscal year 2026. Additionally, a temporary severance provision has been added to his employment terms, offering 24 months of salary if he terminates due to a compensation downgrade within twelve months of January 1, 2026. The filing also announces a special transaction bonus pool of $1.5 million to be distributed among executives and key personnel for their roles in two sale/leaseback transactions. Mr. Mathews and CFO Haji Glover will each receive $400,000 from this pool.