secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0000107140-24-000150
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley appoints interim CEO Matthew Kissner as permanent President and CEO
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- Matthew Kissner, age 70, appointed as President and CEO effective July 8, 2024; served as interim CEO since Oct 2023.
- Employment terms: $900,000 base salary, target annual incentive 150% of base, LTIP award valued at $3 million (60% PSUs, 40% RSUs).
- Fiscal 2024 earnings guidance exceeded; targets revenue, profit, and FCF growth in FY2025 and FY2026.
- Board conducted a formal global search before confirming Kissner; he is Wiley's 15th CEO in 217-year history.
- No severance eligibility under Executive Severance Plan during or after CEO tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714024000150/0000107140-24-000150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714024000150/jwa-20240708.htm
  HTML page:      https://secwatch.observer/filing/0000107140-24-000150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer