Scholastic Management

Management criteria checks 2/4

Scholastic's CEO is Peter Warwick, appointed in Aug 2021, has a tenure of 2.75 years. total yearly compensation is $3.30M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth €2.67M. The average tenure of the management team and the board of directors is 4.3 years and 2.8 years respectively.

Key information

Peter Warwick

Chief executive officer

US$3.3m

Total compensation

CEO salary percentage	30.3%
CEO tenure	2.8yrs
CEO ownership	0.3%
Management average tenure	4.3yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Peter Warwick's remuneration changed compared to Scholastic's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	US$52m
Nov 30 2023	n/a	n/a	US$59m
Aug 31 2023	n/a	n/a	US$58m
May 31 2023	US$3m	US$1m	US$86m
Feb 28 2023	n/a	n/a	US$62m
Nov 30 2022	n/a	n/a	US$66m
Aug 31 2022	n/a	n/a	US$59m
May 31 2022	US$5m	US$808k	US$81m
Feb 28 2022	n/a	n/a	US$36m
Nov 30 2021	n/a	n/a	US$38m
Aug 31 2021	n/a	n/a	US$5m
May 31 2021	US$161k	n/a	-US$11m
Feb 28 2021	n/a	n/a	-US$32m
Nov 30 2020	n/a	n/a	-US$61m
Aug 31 2020	n/a	n/a	-US$25m
May 31 2020	US$161k	n/a	-US$44m
Feb 29 2020	n/a	n/a	-US$13m
Nov 30 2019	n/a	n/a	US$18m
Aug 31 2019	n/a	n/a	US$18m
May 31 2019	US$165k	n/a	US$16m
Feb 28 2019	n/a	n/a	US$49m
Nov 30 2018	n/a	n/a	US$12m
Aug 31 2018	n/a	n/a	-US$3m
May 31 2018	US$170k	n/a	-US$5m
Feb 28 2018	n/a	n/a	-US$16m
Nov 30 2017	n/a	n/a	US$18m
Aug 31 2017	n/a	n/a	US$28m
May 31 2017	US$150k	n/a	US$52m

Compensation vs Market: Peter's total compensation ($USD3.30M) is above average for companies of similar size in the German market ($USD1.18M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.

CEO

Peter Warwick (71 yo)

2.8yrs

Tenure

US$3,300,361

Compensation

Mr. Peter Warwick has been the Chief Executive Officer and President at Scholastic Corporation since August 1, 2021. Mr. Warwick has been a director of Scholastic, Inc. since September 24, 2014. He serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Iole Lucchese	Chairman of Board	2.8yrs	US$2.00m	0.19% $ 1.8m
Peter Warwick	President	2.8yrs	US$3.30m	0.28% $ 2.7m
Kenneth Cleary	President of International	less than a year	US$1.53m	0.079% $ 750.9k
Sasha Quinton	Executive VP & President of School Reading Events	4.3yrs	US$1.56m	0.056% $ 532.1k
Haji Glover	CFO & Executive Vice President	less than a year	no data	0.011% $ 102.8k
Paul Hukkanen	Senior VP & Chief Accounting Officer	6.6yrs	no data	0.024% $ 226.3k
Raghushri Sankaran	Senior VP	4.3yrs	no data	no data
Andrew Hedden	Executive VP	15.4yrs	no data	0.17% $ 1.6m
Jeffrey Mathews	Executive Vice President of Corporate Development & Investor Relations	1.7yrs	no data	no data
Cristina Juvier	Chief People Officer	2.1yrs	no data	no data
Judith Newman	Chief Impact Officer	20.3yrs	US$1.17m	no data
Ellie Berger	Executive VP & President of Trade Publishing	no data	no data	no data

4.3yrs

Average Tenure

61.5yo

Average Age

Experienced Management: SL1's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Iole Lucchese	Chairman of Board	2.8yrs	US$2.00m	0.19% $ 1.8m
Peter Warwick	President	9.7yrs	US$3.30m	0.28% $ 2.7m
James Barge	Lead Independent Director	16.7yrs	US$229.99k	0.085% $ 806.8k
John Davies	Independent Director	24.3yrs	US$199.99k	0.014% $ 131.9k
Kaya Henderson	Independent Director	less than a year	no data	no data
Verdell Walker	Independent Director	2.7yrs	US$184.99k	0.011% $ 107.4k
Alix Guerrier	Independent Director	less than a year	no data	no data
Andres Alonso	Independent Director	8.7yrs	US$199.99k	0.034% $ 320.6k
David Young	Independent Director	8.4yrs	US$199.99k	0.042% $ 395.1k
Robert Dumont	Independent Director	2.8yrs	US$184.99k	0.012% $ 118.3k
Linda Li	Independent Director	2yrs	US$201.99k	0.0073% $ 69.0k

2.8yrs

Average Tenure

67yo

Average Age

Experienced Board: SL1's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Scholastic Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Scholastic Corporation Announces Board Appointments

Scholastic Announces Chief Financial Officer Changes, Effective January 22, 2024

Scholastic Announces Resignation of Ken Cleary as Chief Financial Officer

Scholastic Corporation, Annual General Meeting, Sep 20, 2023

Independent Director recently sold €181k worth of stock

Recent updates

Upcoming dividend of US$0.20 per share

High number of new directors

Third quarter dividend of US$0.20 announced

Third quarter 2024 earnings released: US$0.91 loss per share (vs US$0.57 loss in 3Q 2023)

Scholastic Corporation Announces Board Appointments

Scholastic Corporation (NasdaqGS:SCHL) signed a definitive agreement to acquire 9 Story Media Group Inc. for approximately $190 million.

Scholastic Corporation to Report Q3, 2024 Results on Mar 21, 2024

Upcoming dividend of US$0.20 per share at 2.0% yield

Scholastic Announces Chief Financial Officer Changes, Effective January 22, 2024

Second quarter 2024 earnings released: EPS: US$2.51 (vs US$2.17 in 2Q 2023)

Scholastic Corporation Declares Quarterly Cash Dividend for the Third Quarter of Fiscal 2024, Payable on March 15, 2024

Scholastic Corporation to Report Q2, 2024 Results on Dec 14, 2023

Upcoming dividend of US$0.20 per share at 2.2% yield

First quarter 2024 earnings released: US$2.35 loss per share (vs US$1.33 loss in 1Q 2023)

Scholastic Corporation Declares Quarterly Cash Dividend on the Company's Class A and Common Stock for the Second Quarter of Fiscal 2024, Payable on December 15, 2023

Scholastic Corporation to Report Q1, 2024 Results on Sep 21, 2023

Upcoming dividend of US$0.20 per share at 1.9% yield

Scholastic Announces Resignation of Ken Cleary as Chief Financial Officer

Scholastic Corporation, Annual General Meeting, Sep 20, 2023

Independent Director recently sold €181k worth of stock

Scholastic Corporation Provides Earnings Guidance for the Year 2024

Scholastic Corporation Announces First Quarter of Fiscal 2024 Dividend, Payable on September 15, 2023

Full year 2023 earnings released: EPS: US$2.56 (vs US$2.35 in FY 2022)

Scholastic Corporation to Report Q4, 2023 Results on Jul 20, 2023

Scholastic Appoints Sasha Quinton as Executive Vice President and President, School Reading Events

Upcoming dividend of US$0.20 per share at 2.2% yield

Investor sentiment deteriorates as stock falls 20%

Third quarter 2023 earnings released: US$0.57 loss per share (vs US$0.44 loss in 3Q 2022)

Upcoming dividend of US$0.20 per share

Second quarter 2023 earnings released: EPS: US$2.18 (vs US$1.97 in 2Q 2022)

Scholastic Corporation Provides Earnings Guidance for the Fiscal Year 2023

Scholastic Corporation Announces Third Quarter Dividend, Payable on March 15, 2023

Scholastic Corporation to Report Q2, 2023 Results on Dec 15, 2022

Scholastic Corporation (NasdaqGS:SCHL) announces an Equity Buyback for 6% of its issued share capital, for $75 million.

Upcoming dividend of US$0.20 per share

Investor sentiment deteriorated over the past week

President recently bought €105k worth of stock

First quarter 2023 earnings released: US$1.33 loss per share (vs US$0.70 loss in 1Q 2022)

Scholastic Corporation Affirms Revenue Guidance for the Fiscal Year 2023

Scholastic Corporation Announces Second Quarter Dividend, payable on December 15, 2022

Scholastic Corporation to Report Q1, 2023 Results on Sep 22, 2022

Scholastic Corporation Names Jeffrey Mathews to Be a Member of the Executive Committee and Executive Vice President, Corporate Development and Investor Relations

Upcoming dividend of US$0.20 per share

Insider recently sold €198k worth of stock

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: US$2.34 (vs US$0.32 loss in FY 2021)

Scholastic Corporation Provides Earnings Guidance for the Fiscal Year 2023

Scholastic Corporation Approves 33% Increase in Its Regular Quarterly Dividend on the Company's Class A and Common Stock, Payable on September 15, 2022

Scholastic Corporation to Report Q4, 2022 Results on Jul 21, 2022

Scholastic Corporation Announces Retirement of Margaret A. Williams as Director

Scholastic Corporation Announces Board Changes

Upcoming dividend of US$0.15 per share

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.15 per share

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.15 per share

Scholastic Corporation Provides Earnings Guidance for the Fiscal 2022

Scholastic Corporation Provides Earnings Guidance for the Year 2022

Full year 2021 earnings released: US$0.32 loss per share (vs US$1.27 loss in FY 2020)

Scholastic Launches Early Childhood Program to Start Every Child's Learning Journey with Both Academic and Social-Emotional Support

Scholastic Corporation Not Providing Financial Outlook for the Remainder of Its 2021 Fiscal Year

Third quarter 2021 earnings released: US$0.41 loss per share (vs US$1.26 loss in 3Q 2020)

Scholastic Corporation Announces Fourth Quarter Dividend, Payable on June 15, 2021

Scholastic Corporation to Report Q3, 2021 Results on Mar 18, 2021

Scholastic Corporation Announces Not to Provide Financial Outlook for Fiscal Year 2021

Scholastic Announces New Division Leadership for Education and International

Scholastic Corporation to Report Q2, 2021 Results on Dec 17, 2020

Scholastic Corporation Announces Multi-Book Publishing Program with Civil Rights Trailblazer Ruby Bridges

Scholastic Corporation Not Provides Financial Outlook for Fiscal Year 2021