Scholastic appoints Mathews President Ed Solutions, raises compensation, approves $1.5M bonus pool

SCHOLASTIC CORP

Jeffrey Mathews named President, Education Solutions (permanent); base salary rises to $675k (from $615k) effective Jan 1, 2026.
STIP target increased to 70% (from 60%), effective June 1, 2025; FY26 payout guaranteed at minimum of Chief Growth Officer STIP.
Temporary severance: if Mathews resigns due to compensation downgrade within 12 months from Jan 1, 2026, he gets 24 months salary.
$1.5M special bonus pool approved for executives who closed two sale/leaseback deals; CFO Glover and Mathews each receive $400k.

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