secwatch.observer — SEC 8-K summary
======================================

Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001193125-24-003942
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic names Haji Glover as CFO effective Jan 22, 2024; Ken Cleary moves to President of International
--------------------------------------------------------------------------------

- Haji Glover appointed EVP & CFO, succeeding Ken Cleary who becomes President of International.
- Glover will receive $625,000 base salary, target bonus 50%, and $200,000 equity grant vesting over 3 years.
- Glover previously served as Scholastic SVP Corporate Finance (2020-2022) and most recently as Director of Finance at Amazon.
- Employment agreement includes severance of 24 months' salary if terminated without cause before Jan 2027.
- Peter Warwick cites Glover's growth-oriented finance leadership to drive long-term strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000119312524003942/0001193125-24-003942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000119312524003942/d14544d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-003942

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