Wiley increases CFO’s salary and bonus eligibility

In a recent SEC filing, John Wiley & Sons, Inc. (NYSE:WLY), a global leader in research and education, announced an update to the compensation arrangement for its Interim Chief Financial Officer, Christopher Caridi. Effective April 1, 2025, Caridi’s annual base salary will rise from $406,653 to $450,000.

Alongside the salary increase, the company disclosed that Caridi will now be eligible for a larger performance-based cash bonus. His target bonus will increase from 50% to 85% of his annual base salary under the Wiley Annual Incentive Plan. This change is applicable for the duration of his tenure as Interim CFO and includes full participation for the fiscal year 2025. The company maintains a healthy 3.18% dividend yield and has maintained dividend payments for 30 consecutive years, as revealed by InvestingPro data.

No modifications were reported regarding Caridi’s equity compensation or other benefits. The company stated that these adjustments will be in place as long as Caridi serves in the interim role.

The details provided in the SEC filing are a summary, and the complete terms of the amended compensation agreement will be included in the exhibits of the company’s next periodic report.

This announcement follows the company’s established pattern of aligning executive compensation with corporate performance and strategic objectives. The information is based on a press release statement from John Wiley & Sons, Inc.

In other recent news, John Wiley & Sons reported its first-quarter 2025 earnings, surpassing analyst expectations with earnings per share (EPS) of $0.84 compared to the forecasted $0.65. The company’s revenue also exceeded projections, reaching $405 million against the expected $401.1 million. This performance was highlighted by a significant improvement in adjusted operating margin, which increased by 280 basis points to 14.2%. Wiley’s strategic initiatives in research and AI have contributed to its robust financial results, despite challenges in its learning division. In addition, Wiley reaffirmed its fiscal 2025 revenue guidance of $1.65-$1.69 billion and raised its fiscal 2026 margin target to above 25%. The company anticipates generating $200 million in free cash flow by fiscal 2026, supported by ongoing AI and publishing initiatives. Analysts from firms such as CJS Securities expressed interest in the company’s cost structure rationalization, which Wiley indicated would lead to further margin improvements. These developments reflect Wiley’s strategic focus on AI and research innovation, positioning it well for future growth.

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