secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0000866729-26-000005
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic authorizes $200M Dutch auction tender offer at $36-$40/share
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- Repurchase of up to $200M of common stock via modified Dutch auction tender offer.
- Purchase price range: $36.00 to $40.00 per share, cash, net of withholding taxes.
- Offer expected to commence March 23, 2026; expires April 20, 2026 unless extended.
- Funding from cash on hand and borrowings under revolving credit facility.
- J.P. Morgan Securities LLC serving as Dealer-Manager for the offer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000086672926000005/0000866729-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000086672926000005/schl-20260319.htm
  HTML page:      https://secwatch.observer/filing/0000866729-26-000005

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