Scholastic Corporation has announced revised compensation terms for Jeffrey Mathews, who has been formally appointed as President, Education Solutions after serving in the role on an interim basis since June 2025. Effective January 1, 2026, Mathews's base salary will increase from $615,000 to $675,000. His target bonus under the company’s short-term incentive program will rise from 60% to 70% of base salary, with the higher rate applied for the entire fiscal year ending May 31, 2026, and a guaranteed minimum payout based on the Chief Growth Officer calculation. Additionally, his long-term equity incentive target for fiscal year 2027 will align with his new base salary. Mathews is also eligible for a temporary severance arrangement, entitling him to 24 months’ salary if he leaves due to a compensation downgrade within the next year. Separately, both Mathews and Chief Financial Officer Haji Glover will each receive a $400,000 bonus from a $1.5 million special transaction bonus pool for their roles in the company’s recent sale/leaseback deals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scholastic Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-328833), on December 22, 2025, and is solely responsible for the information contained therein.