Wiley Appoints New Directors, Discloses Executive Compensation
Ticker: WLYB · Form: 8-K · Filed: Jul 10, 2024 · CIK: 107140
| Field | Detail |
|---|---|
| Company | John Wiley & Sons, Inc. (WLYB) |
| Form Type | 8-K |
| Filed Date | Jul 10, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00, $900,000, $3 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, executive-compensation, governance
TL;DR
Wiley adds new directors and details exec pay.
AI Summary
On July 8, 2024, John Wiley & Sons, Inc. announced the appointment of Beth L. Halpern as a new Class A Director and the election of Brian R. Napack as a Class B Director. The company also disclosed compensatory arrangements for its named executive officers, including details on base salary, incentive awards, and equity grants.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns board appointments and executive compensation, which are routine disclosures and do not indicate significant financial or operational risks.
Key Players & Entities
- John Wiley & Sons, Inc. (company) — Registrant
- Beth L. Halpern (person) — Newly appointed Class A Director
- Brian R. Napack (person) — Newly elected Class B Director
FAQ
Who were the individuals appointed or elected to the Board of Directors?
Beth L. Halpern was appointed as a Class A Director, and Brian R. Napack was elected as a Class B Director.
What is the effective date of the reported events?
The earliest event reported is dated July 8, 2024.
What type of company is John Wiley & Sons, Inc. based on its SIC code?
John Wiley & Sons, Inc. is classified under SIC code 2731, which is 'BOOKS: PUBLISHING OR PUBLISHING AND PRINTING'.
Where is John Wiley & Sons, Inc. headquartered?
The company's business and mailing address is 111 River Street, Hoboken, New Jersey 07030.
What specific items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 973 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-07-10 09:40:15
Key Financial Figures
- $1.00 — stered Class A Common Stock, par value $1.00 per share WLY New York Stock Exchange
- $900,000 — ll (i) receive an annual base salary of $900,000; (ii) be eligible to participate in the
- $3 m — tive Plan, with an anticipated value of $3 million, paid in the form of 60% performa
Filing Documents
- jwa-20240708.htm (8-K) — 33KB
- a101mkemploymentagreement.htm (EX-10.1) — 33KB
- a991mkpressrelease.htm (EX-99.1) — 11KB
- image_0.jpg (GRAPHIC) — 12KB
- image_0b.jpg (GRAPHIC) — 12KB
- image_1.jpg (GRAPHIC) — 0KB
- 0000107140-24-000150.txt ( ) — 282KB
- jwa-20240708.xsd (EX-101.SCH) — 2KB
- jwa-20240708_def.xml (EX-101.DEF) — 15KB
- jwa-20240708_lab.xml (EX-101.LAB) — 27KB
- jwa-20240708_pre.xml (EX-101.PRE) — 16KB
- jwa-20240708_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 10, 2024, the Company issued a press release entitled " Wiley Appoints Matthew Kissner as President and CEO " a copy of which is furnished as Exhibit 99.1 hereto. The information in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Letter between Matthew Kissner and John Wiley & Sons, Inc. dated July 8, 2024. 99.1 Press Release issued by the Company on July 10, 2024, furnished herewith. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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 thereunto duly authorized. JOHN WILEY & SONS, INC. (Registrant) By /s/ Christina Van Tassell Christina Van Tassell Executive Vice President and Chief Financial Officer Dated: July 10, 2024