{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-305233","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.404606+00:00","generated_at":"2026-05-16T15:49:00.332347+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scholastic signs sale-leasebacks for NYC HQ and Jefferson City facility; expects $401M net proceeds","bullets":["Net proceeds of $401M from sale-leasebacks of 555-557 Broadway (NYC) and Jefferson City distribution center.","NYC sale to Empire State Realty Trust (ESRT) for $386M gross ($327M net); 15-year lease with two 10-year extensions.","Jefferson City sale to Fortress for $95M gross ($74M net); 20-year triple net lease with two 10-year extensions.","Proceeds will be used for debt reduction and share repurchases; transactions expected to close by end of 2025.","NYC lease adds $11.2M annual expense (net of reduced operating costs); ESRT assumes retail leases that generated $11.2M rental income in FY2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-305233","json":"https://secwatch.observer/filing/0001193125-25-305233.json","markdown":"https://secwatch.observer/filing/0001193125-25-305233.md","text":"https://secwatch.observer/filing/0001193125-25-305233.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000119312525305233/0001193125-25-305233-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000119312525305233/d847913d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:49:00.332347+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}