---
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"
generated_at: "2026-05-16T15:49:00.332347+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scholastic signs sale-leasebacks for NYC HQ and Jefferson City facility; expects $401M net proceeds

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-305233
- JSON: https://secwatch.observer/filing/0001193125-25-305233.json
- Plain text: https://secwatch.observer/filing/0001193125-25-305233.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.