Business Context and Reporting Period
This Form 8-K Current Report was filed by John Wiley & Sons, Inc. on July 9, 2026. The filing reports a corporate governance event regarding the appointment of a new executive officer effective on the date of the report.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
The primary material change reported is the appointment of Frank Scognamiglio as Corporate Vice President and Chief Accounting Officer, succeeding Christopher Caridi. Mr. Caridi will transition to the role of Senior Vice President, Business Transformation, with an expected retirement date of April 30, 2027.
Management Commentary and Compensation Details
- Base Salary: Mr. Scognamiglio will receive an annual base salary of $340,000.
- Annual Bonus: Eligible for a target annual bonus of 40% of his base salary under the Wiley Annual Incentive Plan.
- Long-Term Incentives: Award of restricted share units (RSUs) with a grant value of $100,000. The number of units will be calculated based on the trailing ten-day closing price of the Company's common stock as of the September 17, 2026 grant date.
- Vesting Schedule: RSUs vest in three equal annual installments on June 30, 2027, 2028, and 2029.
- Background: Mr. Scognamiglio, age 52, previously served as Corporate Vice President, Global Controller since April 2025.
Investor Verification Checklist
- Verify the stock price on September 17, 2026, to calculate the exact number of RSUs granted.
- Confirm the transition timeline for Christopher Caridi's retirement on April 30, 2027.
- Review the Company's 2022 Omnibus Stock Plan for specific terms regarding the RSU award.
- Check for any subsequent filings regarding the actual grant date or adjustments to the compensation package.