Scholastic names Chris Lick as new Executive VP and General Counsel

NEW YORK - Scholastic Corporation (NASDAQ: SCHL), a leading global children’s publishing, education, and media company, announced the appointment of Chris Lick as Executive Vice President, General Counsel, and Corporate Secretary, starting June 1, 2025. Lick succeeds Andrew Hedden, who is retiring after a 17-year tenure and will transition to the role of Senior Counselor. The company, currently valued at $473 million, has maintained strong financial health with a current ratio of 1.23, indicating solid liquidity. According to InvestingPro analysis, the stock appears undervalued at current levels.

Lick, who has been with Scholastic since 2008, will report to President and CEO Peter Warwick. In his new role, Lick will oversee key legal functions, including trademarks, litigation, compliance, and information security. He will also provide strategic legal counsel to Scholastic’s Board of Directors, both domestically and internationally, and play a role in content development, strategic alliances, and acquisitions.

Warwick praised Lick’s strategic partnership with Scholastic’s executive leadership and his alignment with the company’s values and business objectives. Lick expressed his commitment to Scholastic’s mission of distributing books to children and his anticipation of working towards the company’s goals alongside the executive committee and Board.

With nearly 25 years of legal experience, Lick has held various senior roles within Scholastic’s legal group, including Senior Vice President and Deputy General Counsel. Before joining Scholastic, he worked at Sidley Austin LLP and Kilpatrick Townsend & Stockton LLP, specializing in corporate governance, technology, intellectual property, and providing senior-level legal advice.

Scholastic has been a mainstay in children’s literacy for over a century, delivering content and experiences that foster lifelong reading and learning. The company is known for its bestselling children’s books, educational resources, and children’s media, with a presence in more than 135 countries. With a gross profit margin of 56% and an impressive 18-year track record of consistent dividend payments, currently yielding 4.7%, the company maintains a strong market position despite recent stock price challenges. InvestingPro subscribers can access 8 additional key insights about Scholastic’s financial outlook and growth potential through the comprehensive Pro Research Report.

This announcement is based on a press release statement, and while it contains forward-looking statements regarding the company’s future, these are subject to market conditions and other risks detailed in Scholastic’s SEC filings. Actual results may differ from current expectations. For detailed analysis and real-time updates on Scholastic’s financial metrics, valuation, and growth prospects, visit InvestingPro, where you’ll find exclusive insights and professional-grade investment tools.

In other recent news, Scholastic Corporation reported its third-quarter fiscal 2025 earnings, which showed a significant improvement in earnings per share (EPS), surpassing analyst expectations. The company achieved an EPS of -$0.13, outperforming the forecasted -$0.78, although its revenue of $335.4 million fell short of the expected $347.05 million. Despite the revenue miss, the company’s strategic initiatives and product innovations contributed to its improved financial performance. Scholastic also announced a reduction in its net loss to $1.3 million, down from $23.3 million in the same quarter last year. The company projects full-year adjusted EBITDA of approximately $140 million and anticipates modest revenue growth. Additionally, Scholastic has been navigating challenges in the education market, with some schools delaying purchases due to uncertainty in federal education policy funding. The company’s ongoing strategic review of its Education Solutions segment aims to optimize its long-term potential.

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