secwatch.observer — SEC 8-K summary
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Issuer:     SCHOLASTIC CORP (SCHL)
CIK:        0000866729
Form:       8-K
Filed at:   2026-08-27T20:02:01+00:00
Accession:  0001193125-26-371245
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scholastic repurchases 289,624 shares from Robinson estate at $39.76, 3% discount
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- Purchased 289,624 common shares from Estate of M. Richard Robinson, Jr. at $39.7603/share, total $11.52M, 3% below Aug 25 close of $40.99.
- Repurchase equals ~1.6% of outstanding shares; done under existing $300M authorization, leaving ~$158.9M available.
- Board approved without Chair Iole Lucchese (estate co-executor) participating; Audit Committee of independent directors recommended.
- Fiscal-year-to-date repurchases total 590,895 shares; estate to use proceeds for estate obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866729/000119312526371245/0001193125-26-371245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866729/000119312526371245/schl-20260827.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-371245

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