---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-23-000037"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:24:36.893855+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Scholastic CFO Ken Cleary to step down, become President, International

## Summary
- CFO Ken Cleary will step down when successor is appointed (expected before end of 2023).
- Appointed President, International; base salary $625k annually, reporting to CEO.
- Equity grants: $500k in FY2024 and $400k in FY2025, 60% RSUs and 40% options.
- STIP bonus target 50% of base salary; term ends Sept 30, 2025 unless CEO requests earlier retirement with full benefits.

## SEC filing metadata
- accession: 0000866729-23-000037
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672923000037/0000866729-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672923000037/schl-20231003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-23-000037
- JSON: https://secwatch.observer/filing/0000866729-23-000037.json
- Plain text: https://secwatch.observer/filing/0000866729-23-000037.txt

## Key facts
- Executive change
  Ken Cleary was appointed as President, International at SCHOLASTIC CORP.
  - Action: appointed
  - Role: President, International
  source text: As previously announced Mr. Cleary will be stepping down as Chief Financial Officer of the Company when his successor has been identified and appointed. Thereafter, Mr. Cleary will be appointed as the Company's President, International and the terms and conditions of his continued employment with the Company in this capacity will be governed by the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000086672923000037/0000866729-23-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.