{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-324788","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2025-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.405511+00:00","generated_at":"2026-05-16T12:50:50.149898+00:00","sec_items":["2.01","2.03","1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Scholastic completes sale-leaseback of NYC HQ and Jefferson City facility; generates $401M net proceeds","bullets":["Total proceeds of $481M; estimated net proceeds of $401M after taxes, fees, and transaction expenses.","Proceeds to be used for capital allocation priorities including share repurchases, per CEO.","SoHo lease initial term 15 years with two 10-year renewal options; total fixed rent $333M over initial term.","Jefferson City lease initial term 20 years with two 10-year renewals; first-year base rent ~$6.886M, triple net.","Transactions closed December 17, 2025; buyers were subsidiaries of Empire State Realty Trust and Fortress Investment Group."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-324788","json":"https://secwatch.observer/filing/0001193125-25-324788.json","markdown":"https://secwatch.observer/filing/0001193125-25-324788.md","text":"https://secwatch.observer/filing/0001193125-25-324788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/d63446d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:50:50.149898+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":[{"claim_id":"4f7ba03f6336407738404867eed20eef46b97cc3","claim":"SCHOLASTIC CORP completed a disposition involving FNLR Fortuna Major LLC for $481 in total proceeds (closed 2025-12-17).","evidence_excerpt":"Major LLC (Jefferson City Purchase Agreement). As noted in the press release attached as Exhibit 99.1 to this report on Form 8-K, the two sale leaseback transactions generated $481 in total proceeds, with estimated net proceeds (after taxes, fees and other transaction related expenses) estimated to be $401 million. The foregoing descriptions are not intended","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"FNLR Fortuna Major LLC"},{"label":"Consideration","value":"$481 in total proceeds"},{"label":"Closing","value":"2025-12-17"}],"fact_type":"ma_transaction"},{"claim_id":"7d403b87cf56e1f2e624676a7aad0516d3c3557e","claim":"SCHOLASTIC CORP completed a disposition involving ESRT 555-557 Broadway, L.L.C. for $481 in total proceeds (closed 2025-12-17).","evidence_excerpt":"Major LLC (Jefferson City Purchase Agreement). As noted in the press release attached as Exhibit 99.1 to this report on Form 8-K, the two sale leaseback transactions generated $481 in total proceeds, with estimated net proceeds (after taxes, fees and other transaction related expenses) estimated to be $401 million. The foregoing descriptions are not intended","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/866729/000119312525324788/0001193125-25-324788-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"ESRT 555-557 Broadway, L.L.C."},{"label":"Consideration","value":"$481 in total proceeds"},{"label":"Closing","value":"2025-12-17"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}