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 5.02 item 8.01 item 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: June 23, 2025, 7:59 PM ET

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: June 23, 2025, 7:59 PM ET

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

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Young retired as Director at SCHOLASTIC CORP.

Action: retired
Role: Director

Exact text from the filing

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

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John L. Davies retired as Director at SCHOLASTIC CORP.

Action: retired
Role: Director

Exact text from the filing

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

View on SEC.gov

SCHOLASTIC CORP filing history →

Source: SEC EDGAR

accession 0000950170-25-088712

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