Scholastic Corp Files 8-K for Material Agreement
Ticker: SCHL · Form: 8-K · Filed: Dec 3, 2024 · CIK: 866729
| Field | Detail |
|---|---|
| Company | Scholastic Corp (SCHL) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $400.0 million, $50.0 m, $15.0 m, $150.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
Scholastic just signed a big deal, filing an 8-K on Nov 26th.
AI Summary
Scholastic Corporation entered into a Material Definitive Agreement on November 26, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and headquartered in New York.
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 — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.
Key Numbers
- 000-19860 — Commission File Number (SEC File Number for Scholastic Corp)
- 13-3385513 — IRS Employer Identification No. (Tax identification for Scholastic Corp)
Key Players & Entities
- Scholastic Corporation (company) — Registrant
- November 26, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- New York (location) — Principal Executive Offices
- 557 Broadway (address) — Principal Executive Offices Street
FAQ
What type of Material Definitive Agreement did Scholastic Corporation enter into?
The filing states that Scholastic Corporation entered into a Material Definitive Agreement on November 26, 2024, but the specific details of the agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 26, 2024.
Where is Scholastic Corporation's principal executive office located?
Scholastic Corporation's principal executive office is located at 557 Broadway, New York, New York, 10012.
What is Scholastic Corporation's state of incorporation?
Scholastic Corporation is incorporated in Delaware.
What is the Commission File Number for Scholastic Corporation?
The Commission File Number for Scholastic Corporation is 000-19860.
Filing Stats: 974 words · 4 min read · ~3 pages · Grade level 12 · Accepted 2024-12-03 17:15:02
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 SCHL The NASDAQ Stock Market LLC I
- $400.0 million — "). The Credit Agreement provides for a $400.0 million unsecured revolving credit facility and
- $50.0 m — ing credit facility, up to a maximum of $50.0 million, is available for the issuance of
- $15.0 m — ing credit facility, up to a maximum of $15.0 million, is available for swingline loans
- $150.0 million — ase the facility by up to an additional $150.0 million. The Credit Agreement contains certai
Filing Documents
- d916617d8k.htm (8-K) — 31KB
- d916617dex101.htm (EX-10.1) — 670KB
- 0001193125-24-270026.txt ( ) — 990KB
- schl-20241126.xsd (EX-101.SCH) — 3KB
- schl-20241126_lab.xml (EX-101.LAB) — 17KB
- schl-20241126_pre.xml (EX-101.PRE) — 11KB
- d916617d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Not applicable (d) The following exhibits are filed as part of this report: 10.1 Third Amendment, dated as of November 26, 2024, to the Amended and Restated Credit Agreement dated as of October 27, 2021 (the "Credit Agreement") by and between Scholastic Corporation and Scholastic Inc., the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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: December 3, 2024 By: /s/ Haji L. Glover Name: Haji L. Glover Title: Chief Financial Officer 3