Core Viewpoint - Scholastic Corporation has appointed Jeffrey Mathews as President of Scholastic Education, in addition to his role as Chief Growth Officer, to enhance the company's focus on literacy and educational content delivery [1][2]. Group 1: Leadership Appointment - Jeffrey Mathews has been appointed as President of Scholastic Education, effective immediately, while continuing as Executive Vice President and Chief Growth Officer [1][2]. - Mathews has served as the interim head of Scholastic Education since June 2025, leading significant improvements in business operations and strategy [3][4]. Group 2: Strategic Focus - Scholastic Education aims to address critical needs in schools by providing effective, evidence-based learning experiences that promote literacy [2]. - The division is positioned to drive long-term value through its leadership in literacy, trusted content, and partnerships with educators and organizations [2][4]. Group 3: Business Development and Growth - Under Mathews' leadership, the team has made progress in enhancing high-impact offerings and improving operational efficiency and profitability [3][4]. - Mathews will continue to refine and implement Scholastic's long-term growth strategy while overseeing corporate development and investor relations [4][5]. Group 4: Company Background - Scholastic Corporation has over 100 years of experience in children's publishing and education, focusing on literacy and creating quality content for children [6]. - The company is the largest publisher and distributor of children's books globally, reaching over 135 countries [6].

Core Insights - Scholastic Corporation is focused on enhancing shareholder value through strategic and operational initiatives aimed at increasing profitability and long-term growth [1][2] - The company expects fiscal 2025 Adjusted EBITDA to be between $140 million and $150 million, aligning with its original guidance due to effective cost management and execution in Q4 [1][8] Strategic Initiatives - The Board of Directors is actively searching for two new independent directors to replace retiring members, with the assistance of Korn Ferry, to enhance board expertise in business transformation and capital allocation [3] - Scholastic has reorganized its Children's Book and Education Solutions businesses, appointing new leaders to refine strategies and improve financial results for fiscal 2026 and beyond [7] Capital Allocation - The company is exploring options to leverage its real estate assets, including a potential sale-leaseback transaction for its office and retail properties in New York City, to support debt reduction and share repurchases [7] - Scholastic is also evaluating financial advisors for similar transactions involving its distribution centers in Jefferson City, Missouri [7] Company Overview - Scholastic has over 100 years of experience in children's publishing and education, providing quality content and experiences that promote literacy and lifelong learning [4] - The company operates as the largest publisher and distributor of children's books globally, reaching over 135 countries [4]