---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-045981"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T17:43:35.326348+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Scholastic repurchases 400K shares from Estate of former CEO at 3.8% discount

## Summary
- Bought 400,000 shares at $33.50646 each (3.8% discount to $34.83 close) for $13.4M total.
- Audit Committee of independent directors approved the deal; Chair Lucchese (co-executor) recused.
- Remaining authorization under current $100M buyback program is ~$86.6M.
- Estate will apply substantial proceeds to meet its obligations.
- Year-to-date total repurchases now stand at 3,993,576 shares.

## SEC filing metadata
- accession: 0000950170-24-045981
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000095017024045981/0000950170-24-045981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000095017024045981/schl-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-045981
- JSON: https://secwatch.observer/filing/0000950170-24-045981.json
- Plain text: https://secwatch.observer/filing/0000950170-24-045981.txt

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