secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0000866729-23-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic enters separation agreement with former EVP Rosamund Else-Mitchell; $155K severance, 9-month non-compete
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- Rosamund Else-Mitchell, former EVP and President, Education Solutions, left Aug 16, 2023; employment ended Sept 26, 2023.
- Lump-sum severance of $155,000.04 (3 months' pay); medical coverage through June 30, 2024; outplacement for one year.
- Non-compete for 9 months with Amplify, Newsela, and Renaissance; non-solicitation of employees for 1 year.
- Equity awards continued vesting through separation date; vested awards treated per existing plans.
- Mutual release of claims and non-disparagement provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672923000036/0000866729-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672923000036/schl-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000866729-23-000036

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