SCHOLASTIC CORP
For the period ended Aug 7, 2025. Filed Aug 7, 2025.
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Aug 7, 2025 · Filed Aug 7, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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Filed by a Party other than the Registrant☐
Check the appropriate box:
☐ Preliminary Proxy Statement
☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒ Definitive Proxy Statement
☐ Definitive Additional Materials
☐ Soliciting Material Pursuant to §240.14a-12
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Scholastic 557 Broadway, New York, NY 10012-3999 (212) 343-6100
www.scholastic.com
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To Holders of Class A Stock and Common Stock:
The Annual Meeting of Stockholders of Scholastic Corporation (the “Company”) will be held via the internet atwww.virtualshareholdermeeting.com/SCHL2025 on Wednesday, September 17, 2025 at 9:00 a.m. E.D.T., for the following purposes:
Matters to be voted upon by holders of the Class A Stock
Electing eight directors to the Board of Directors
Approval of Amendment No. 1 to the Scholastic Corporation 2017 Outside Director's Stock Incentive Plan
Approval of Amendment No. 2 to the Scholastic Corporation Management Stock Purchase Plan
Matters to be voted upon by holders of the Common Stock
Electing three directors to the Board of Directors
and such other business as may properly come before the meeting and any adjournments thereof.
A proxy statement describing the matters to be considered at the Annual Meeting of Stockholders is attached to this notice. Only stockholders of record of the Class A Stock and the Common Stock at the close of business on July 23, 2025 are entitled to notice of, and to vote at, the meeting and any adjournments thereof.
We hope that you will be able to attend the meeting. Whether or not you plan to attend the meeting, we urge you to vote your shares promptly. You can vote your shares in three ways:
via the Internet at the website indicated on your proxy card;
via telephone by calling the toll free number on your proxy card; or
by returning the enclosed proxy card.
By order of the Board of Directors
.
Chris Lick
Secretary
August 7, 2025
TABLE OF CONTENTS
| Solicitation of Proxies | 1 |
|---|---|
| General Information | 1 |
| Voting Securities of the Company | 2 |
| Principal Holders of Class A Stock and Common Stock | 4 |
| Change of Control Arrangement for Certain Class A Stockholders | 6 |
| Delinquent Section 16(a) Beneficial Ownership Reports | 6 |
| Share Ownership of Management | 7 |
| Compensation Committee Interlocks and Insider Participation | 8 |
| Human Resources and Compensation Committee Report | 9 |
| Compensation Discussion and Analysis | 10 |
| Summary Compensation Table | 21 |
| Grants of Plan-Based Awards | 23 |
| Outstanding Equity Awards at May 31, 2025 | 24 |
| Option Exercises and Stock Vested | 25 |
| Pension Plan | 25 |
| Nonqualified Deferred Compensation Table | 25 |
| Potential Payments upon Termination or Change-in-Control | 26 |
| Pay Ratio | 30 |
| Pay Versus Performance | 31 |
| Equity Compensation Plan Information | 35 |
| Stock Ownership Guidelines | 35 |
| Matters Submitted to Stockholders | |
| Proposal 1 – Election of Directors | 36 |
| Nominees for Election by Holders of Class A Stock | 36 |
| Nominees for Election by Holders of Common Stock | 37 |
| Board Composition | 42 |
| Board Leadership Structure and Risk Oversight | 42 |
| Environmental, Social and Governance (“ESG”) Oversight | 43 |
| The Board’s Role in Human Capital Management | 43 |
| Meetings of the Board and its Committees | 44 |
| Corporate Governance | 46 |
| Director Compensation | 50 |
| Proposal 2 - Approval of Amendment No. 2 to the Scholastic Corporation Outside Director's Stock Incentive Plan | 52 |
| proposal 3 - Approval of Amendment No. 2 to the Scholastic Corporation Management Stock Purchase Plan | 55 |
| Independent Registered Public Accountants | 58 |
| Audit Committee’s Report | 59 |
| Stockholder Proposals for 2026 Annual Meeting | 59 |
| Other Matters | 59 |
i
Important Notice Regarding Availability of Proxy Materials
for the 2025 Annual Meeting of Stockholders to be held on September 17, 2025
This Proxy Statement and the Annual Report to Stockholders are available at
www.proxyvote.com
557 Broadway
New York, New York 10012-3999
PROXY STATEMENT
ANNUAL MEETING OF STOCKHOLDERS
September 17, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.