secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0000950170-24-060391
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic amends bylaws to align director removal provision with Delaware law
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- Board approved amendment to Article III, Section 6 of Bylaws on May 15, 2024.
- For-cause removal now requires majority vote of all classes voting together as single class.
- Without-cause removal remains by majority vote of the class that elected the director.
- Amendment conforms to Section 141(k) of Delaware General Corporation Law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000095017024060391/0000950170-24-060391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000095017024060391/schl-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-060391

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