John Wiley & Sons Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$WLY
Books
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 20, 2025, John Wiley & Sons, Inc. (the "Company") approved changes to the compensation arrangement for Christopher Caridi, the Company's Interim Chief Financial Officer.
Effective April 1, 2025, Mr. Caridi 's annual base salary for serving as Interim Chief Financial Officer will be increased from $406,653 to $450,000. Additionally, Mr. Caridi will be eligible for an annual performance-based cash bonus under the Wiley Annual Incentive Plan with a target increasing from 50% to 85% of his annual base salary for the duration of his service in this interim role, and full participation at that level for fiscal year 2025.
These adjustments in compensation will remain in effect from the dates noted above through the period Mr. Caridi is serving as Interim Chief Financial Officer.
No changes were made to Mr. Caridi's equity compensation or other benefits.
The foregoing description of the compensation changes does not purport to be complete and is qualified in its entirety by reference to the full text of the applicable agreements, which will be filed as exhibits to the Company's next periodic report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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/ Matthew S. Kissner | |||||||||||||
Matthew S. Kissner | ||||||||||||||
President and Chief Executive Officer | ||||||||||||||
| Dated: March 26, 2025 | ||||||||||||||