secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0000107140-23-000191
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley CEO Brian Napack departs; Matthew Kissner named interim CEO
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- Brian Napack left as President and CEO effective Oct 10, 2023, without cause, receiving severance per prior agreement.
- Matthew Kissner, former Group Executive and Board Chair, appointed interim CEO; base salary $900,000, target incentive 150%.
- Kissner eligible for one-time FY2024 long-term incentive at 200% of base salary; no severance during interim role.
- Planned Oct 12 Investor Day rescheduled to a later date due to the CEO transition.
- Value creation plan (focus on core, divest non-core, streamline) remains in place; FY2024 transition year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000191/0000107140-23-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714023000191/jwa-20231010.htm
  HTML page:      https://secwatch.observer/filing/0000107140-23-000191

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