Scholastic updates strategic initiatives; expects FY2025 EBITDA at original guidance of $140M-$150M

SCHOLASTIC CORP

Expects fiscal 2025 Adjusted EBITDA in line with original guidance of $140M-$150M, above narrowed outlook, driven by cost management and Q4 execution.
Retained Newmark Group to find investment partners for a potential sale-leaseback of NYC owned office/retail real estate; also evaluating advisors for Jefferson City distribution centers.
Reorganized Children's Book and Education Solutions businesses with new leaders to refine strategies and improve financial results in FY2026 and beyond.
Directors David Young (since 2015) and John Davies (since 2000) to retire at September 17, 2025 annual meeting; Board working with Korn Ferry to identify two new independent directors.

item 5.02item 8.01item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David Young

Director

SCHL · SCHOLASTIC CORP

Effective: 2025-09-17
Filed: Jun 23, 2025 23:59 UTC

Messrs David Young, a director of the Company since 2015, and John L. Davies, a director of the Company since 2000, have each decided to retire as a director of the Company

Departed

John L. Davies

Director

SCHL · SCHOLASTIC CORP

Effective: 2025-09-17
Filed: Jun 23, 2025 23:59 UTC

Messrs David Young, a director of the Company since 2015, and John L. Davies, a director of the Company since 2000, have each decided to retire as a director of the Company

Source: SEC EDGAR

accession 0000950170-25-088712

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.