---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-23-000038"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:24:49.058243+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Scholastic amends CEO Peter Warwick's contract to year-to-year renewal; adds annual $500K equity awards

## Summary
- Contract term changed from fixed July 31, 2024 to annual renewal by mutual written agreement by Jan 31 each year.
- For fiscal 2024, bonus target is 125% of base salary; full target requires $100M Corporate Operating Income.
- Annual performance-based RSU awards extended to each year; new annual equity award of $500K (75% RSUs, 25% options) vests 12 months.
- Stock options exercisable for 7 years after grant, subject to termination for Cause or voluntary quit without Good Reason.
- Amendment effective October 4, 2023; all other terms unchanged.

## SEC filing metadata
- accession: 0000866729-23-000038
- 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: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672923000038/0000866729-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672923000038/schl-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-23-000038
- JSON: https://secwatch.observer/filing/0000866729-23-000038.json
- Plain text: https://secwatch.observer/filing/0000866729-23-000038.txt

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