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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
June 27, 2024
(Date of Report)
(Date of earliest event reported)
JOHN WILEY & SONS, INC.
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
001-11507 13-5593032
(Commission File Number) (IRS Employer Identification No.)
111 River Street, Hoboken New Jersey
07030
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code:
(201) 748-6000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Stock, par value $1.00 per share WLY New York Stock Exchange
Class B Common Stock, par value $1.00 per share WLYB New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐



Item 8.01 Other Events.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o John Wiley & Sons, Inc. (the “Company”) issued a press release on Thursday, June 27, 2024 announcing that it has raised its quarterly cash dividend to $0.3525 per share, payable on July 25, 2024, to shareholders of record of Class A and Class B Common Stock as of July 9, 2024. The quarterly dividend is equivalent to an annual dividend of $1.41 per share, an increase from $1.40 per share from the prior year. This represents the Company's 31st consecutive annual increase.

The information in this Current Report on Form 8-K and Exhibit 99.1 attached hereto are being “furnished” pursuant to Item 8.01 of Form 8-K, and will not, except to the extent required by applicable law or regulation, be deemed “filed” by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor will any of such information or exhibits be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

The following exhibit is being “furnished” as part of this Current Report on Form 8-K:
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 -     Press Release by John Wiley & Sons, Inc. dated June 27, 2024

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/ Christina Van Tassell
Christina Van Tassell
Executive Vice President and
Chief Financial Officer
Dated: June 27, 2024

EX-99.1 2 exhibit991-june2024dividen.htm EX-99.1 Document


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Wiley Increases Quarterly Dividend for the 31st Consecutive Year
Company recently exceeded its FY24 earnings guidance and sees strong GenAI momentum

Hoboken, NJ, June 27, 2024 – Wiley (NYSE: WLY and WLYB), a global leader in research and learning, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3525 per share on its Class A and Class B Common Stock, payable on July 25, 2024, to shareholders of record on July 9, 2024. The quarterly dividend is equivalent to an annual dividend of $1.41 per share, an increase from $1.40 per share from prior year.  It is Wiley’s 31st consecutive annual increase.

Wiley recently reported results for its fourth quarter and fiscal year ended April 30, 2024. Highlights include:
•FY24 Adjusted EBITDA and Adjusted EPS guidance exceeded; Adjusted Revenue in higher end of range
•GenAI content rights project completed in Q4 FY24 with large tech company; another executed GenAI project with second large tech company to be realized in FY25
•Value Creation Plan advanced with 2 of 3 non-core divestitures closed and $90 million of $130 million run-rate cost savings actioned
•FY25 growth outlook driven by Research & Learning momentum and accelerated cost savings

Please see the Q4 2024 announcement, earnings presentation, and call transcript at https://investors.wiley.com/financials/quarterly-results/default.aspx.

About Wiley
Wiley is one of the world’s largest publishers and a trusted leader in research and learning. Our industry-leading content, services, platforms, and knowledge networks are tailored to meet the evolving needs of our customers and partners, including researchers, students, instructors, professionals, institutions, and corporations. We enable knowledge-seekers to transform today’s biggest obstacles into tomorrow’s brightest opportunities. For more than two centuries, Wiley has been delivering on its timeless mission to unlock human potential. Visit us at Wiley.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

Contact:
Brian Campbell
201.748.6874
brian.campbell@wiley.com

CATEGORY: EARNINGS RELEASES