Scholastic Corp Files 8-K: Material Definitive Agreement
Ticker: SCHL · Form: 8-K · Filed: Mar 12, 2024 · CIK: 866729
| Field | Detail |
|---|---|
| Company | Scholastic Corp (SCHL) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $186 million, $218.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, filing
TL;DR
Scholastic signed a big deal, details TBD.
AI Summary
Scholastic Corporation announced on March 11, 2024, that it entered into a Material Definitive Agreement. The filing also includes other events and financial statements/exhibits. Specific details of the agreement, including dollar amounts and parties involved, are not yet disclosed in this initial 8-K filing.
Why It Matters
This filing indicates a significant new agreement for Scholastic Corporation, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement introduces uncertainty.
Key Players & Entities
- SCHOLASTIC CORP (company) — Registrant
- March 11, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 557 Broadway, New York, New York 10012 (address) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Scholastic Corporation?
The filing states that Scholastic Corporation entered into a Material Definitive Agreement on March 11, 2024, but does not provide specific details about the agreement's terms, parties, or purpose.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on March 11, 2024.
What is Scholastic Corporation's principal executive office address?
Scholastic Corporation's principal executive offices are located at 557 Broadway, New York, New York 10012.
What is Scholastic Corporation's state of incorporation?
Scholastic Corporation is incorporated in Delaware.
What are the other items included in this 8-K filing besides the Material Definitive Agreement?
In addition to the Material Definitive Agreement, this 8-K filing also includes 'Other Events' and 'Financial Statements and Exhibits'.
Filing Stats: 1,082 words · 4 min read · ~4 pages · Grade level 13 · Accepted 2024-03-12 17:09:14
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 SCHL The NASDAQ Stock Market LLC I
- $186 million — tory for CAD 250 million (approximately $186 million at the current rate of exchange), subje
- $218.5 million — ee agreement capped at CAD 295 million ($218.5 million at the current rate of exchange) being
Filing Documents
- d810442d8k.htm (8-K) — 32KB
- d810442dex21.htm (EX-2.1) — 731KB
- d810442dex101.htm (EX-10.1) — 50KB
- d810442dex991.htm (EX-99.1) — 19KB
- d810442dex992.htm (EX-99.2) — 15KB
- g810442ex99_2p10g1.jpg (GRAPHIC) — 240KB
- g810442ex99_2p11g1.jpg (GRAPHIC) — 92KB
- g810442ex99_2p1g1.jpg (GRAPHIC) — 567KB
- g810442ex99_2p2g1.jpg (GRAPHIC) — 676KB
- g810442ex99_2p3g1.jpg (GRAPHIC) — 378KB
- g810442ex99_2p4g1.jpg (GRAPHIC) — 342KB
- g810442ex99_2p5g1.jpg (GRAPHIC) — 411KB
- g810442ex99_2p6g1.jpg (GRAPHIC) — 328KB
- g810442ex99_2p7g1.jpg (GRAPHIC) — 474KB
- g810442ex99_2p8g1.jpg (GRAPHIC) — 188KB
- g810442ex99_2p9g1.jpg (GRAPHIC) — 247KB
- g810442g0312053850306.jpg (GRAPHIC) — 11KB
- 0001193125-24-066012.txt ( ) — 6594KB
- schl-20240311.xsd (EX-101.SCH) — 3KB
- schl-20240311_lab.xml (EX-101.LAB) — 17KB
- schl-20240311_pre.xml (EX-101.PRE) — 11KB
- d810442d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 2.1 .** Securities Purchase Agreement between the Purchaser, each of the Sellers and the Sellers' Representative dated March 11, 2024 10.1 Guarantee Agreement dated March 11, 2024 99.1 Press release dated March 12, 2024 99.2 Investor Presentation dated March 12, 2024 104 Cover Page Interactive Data File ** The Company has filed a redacted version of the Securities Purchase Agreement, omitting the portions of the Agreement (indicated by asterisks) which the Company desires to keep confidential.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SCHOLASTIC CORPORATION Date: March 12, 2024 By: /s/ Andrew S. Hedden Name: Andrew S. Hedden Title: Executive Vice President, General Counsel