Scholastic Corp. Reports Material Definitive Agreement
Ticker: SCHL · Form: 8-K · Filed: Dec 5, 2025 · CIK: 866729
| Field | Detail |
|---|---|
| Company | Scholastic Corp (SCHL) |
| Form Type | 8-K |
| Filed Date | Dec 5, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $386,000,000, $38,600,000, $333,059,306.47, $94,970,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, acquisition, disposition, financial-obligation
TL;DR
Scholastic Corp. signed a big deal, expect news soon.
AI Summary
On December 1, 2025, Scholastic Corporation entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. This also resulted in the creation of a direct financial obligation for the company. The filing was made on December 5, 2025.
Why It Matters
This filing indicates a significant corporate action, potentially involving a merger, acquisition, or divestiture, which could impact the company's structure and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements and asset acquisitions/dispositions often carry inherent risks related to integration, financing, and market reception.
Key Players & Entities
- Scholastic Corporation (company) — Registrant
- December 1, 2025 (date) — Date of earliest event reported
- December 5, 2025 (date) — Date of report
- New York (location) — Principal Executive Offices
FAQ
What specific type of material definitive agreement did Scholastic Corporation enter into?
The filing indicates an agreement related to the 'Completion of Acquisition or Disposition of Assets' but does not specify the exact nature of the agreement.
What is the nature of the direct financial obligation created for Scholastic Corporation?
The filing states the creation of a direct financial obligation but does not provide details on its terms or amount.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 1, 2025.
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 the IRS Employer Identification Number for Scholastic Corporation?
The IRS Employer Identification Number for Scholastic Corporation is 13-3385513.
Filing Stats: 1,590 words · 6 min read · ~5 pages · Grade level 12.1 · Accepted 2025-12-05 16:02:20
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value SCHL The Nasdaq Stock Mar
- $386,000,000 — perty") to ESRT for a purchase price of $386,000,000 (the "SoHo Sale-Leaseback Transaction")
- $38,600,000 — chase Agreement, ESRT paid a deposit of $38,600,000 into escrow which shall be held in acco
- $333,059,306.47 — (as defined in the lease agreement) is $333,059,306.47 in the aggregate for the initial lease
- $94,970,000 — ) to FNLR for a total purchase price of $94,970,000 (the "Jefferson City Sale-Leaseback Tra
- $1,890,000 — chase Agreement, FNLR paid a deposit of $1,890,000 into escrow which shall be held in acco
- $6,886,000 — ferson City Lease will be approximately $6,886,000 for the initial year of the Jefferson C
Filing Documents
- d32159d8k.htm (8-K) — 36KB
- d32159dex101.htm (EX-10.1) — 287KB
- d32159dex102.htm (EX-10.2) — 668KB
- d32159dex103.htm (EX-10.3) — 185KB
- d32159dex104.htm (EX-10.4) — 277KB
- 0001193125-25-309611.txt ( ) — 1923KB
- schl-20251201.xsd (EX-101.SCH) — 3KB
- schl-20251201_lab.xml (EX-101.LAB) — 17KB
- schl-20251201_pre.xml (EX-101.PRE) — 11KB
- d32159d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1* Contract of Purchase and Sale dated as of December 1, 2025, by and between Scholastic 557 Broadway, L.L.C. and ESRT 555-557 Broadway, L.L.C. 10.2* Form of Lease Agreement to be entered into by and between Scholastic 557 Broadway, L.L.C. and ESRT 555-557 Broadway, L.L.C. 10.3* Contract of Purchase and Sale Agreement dated as of December 1, 2025, by and between Scholastic Inc. and FNLR Fortuna Major LLC. 10.4* Form of Lease Agreement to be entered into by and between Scholastic Inc. and FNLR Fortuna Major LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Exhibits and/or schedules have been omitted pursuant to Item 601(b)(10) of Regulation S-K. The registrant hereby undertakes to furnish supplementally copies of any of the omitted exhibits and schedules upon request by the SEC; provided, however, that the registrant may request confidential treatment pursuant to Rule 24b-2 under the Exchange Act for any exhibits or schedules so furnished
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 5, 2025 By: /s/ Chris Lick Chris Lick Executive Vice President, General Counsel and Secretary