secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2021-07-19T23:59:59+00:00
Accession:  0001193125-21-217980
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peter Warwick named CEO effective Aug 1, 2021; Iole Lucchese becomes Chair of Board
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- Peter Warwick appointed President and CEO effective Aug 1, 2021, succeeding the late M. Richard Robinson, Jr.
- Andrew S. Hedden resigns from Board but remains EVP, General Counsel and Secretary.
- Iole Lucchese (EVP, Chief Strategy Officer) elected to Board and appointed Chair; Robert Dumont elected Class A Director.
- Warwick's employment agreement: $1M base salary, 125% target bonus, initial $1.5M equity award, three-year term.
- Warwick previously served as Chief People Officer of Thomson Reuters and CEO of units at Thomson Reuters and Pearson.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000119312521217980/0001193125-21-217980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000119312521217980/d185337d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-217980

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