FALSE000010714000001071402025-06-252025-06-250000107140us-gaap:CommonClassAMember2025-06-252025-06-250000107140us-gaap:CommonClassBMember2025-06-252025-06-25
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 25, 2025
(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)
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001-11507 |
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13-5593032 |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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111 River Street, Hoboken New Jersey |
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07030 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: |
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(201) 748-6000 |
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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.
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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| Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
| Class A Common Stock, par value $1.00 per share |
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WLY |
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New York Stock Exchange |
| Class B Common Stock, par value $1.00 per share |
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WLYB |
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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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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 today, June 30 2025, announcing that on June 25, 2025, the Board of Directors (the “Board”) elected Katya D. Andresen, to join the Board effective June 27, 2025. Prior to her appointment and pursuant to Article III, Section 1 of the Bylaws, the Board increased the number of Directors constituting the entire Board from nine (9) to ten (10). Further, the Board has determined that Ms. Andresen is “independent” pursuant to the rules of the New York Stock Exchange ("NYSE") and other governing laws and applicable regulations. While the Board has yet to appoint Ms. Andresen to a committee, it is anticipated she will join the Executive Compensation and Development Committee.
As a non-employee director of the Company, Ms. Andresen is eligible to participate in the Company’s non-employee director compensation program, pursuant to which she will receive an (i) annual cash retainer of $85,000, and (ii) annual award of restricted Class A Common Stock equal to $130,000, with the amount of shares granted based on the stock price of the Company’s Class A Common Stock at the close of the NYSE on the date of grant. Pursuant to the Company’s 2022 Omnibus Stock and Long-Term Incentive Plan (the “Plan”), such restricted shares granted vest on the earliest of (i) the day before the next Annual Meeting following the grant, (ii) the non-employee director’s death or disability, or (iii) a Change in Control. Ms. Andresen is eligible to participate and may defer all or a portion of her annual cash retainer fees and annual stock award. Ms. Andresen is also eligible to participate in the Company’s Matching Gift Program.
There were no arrangements or understandings between Ms. Andresen and any other persons pursuant to which Ms. Andresen was selected as a director. Ms. Andresen does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 8.01. Other Events
The Company issued a press release on Thursday, June 26, 2025 announcing that it has raised its quarterly cash dividend to $0.355 per share, payable on July 24, 2025, to shareholders of record of Class A and Class B Common Stock as of July 8, 2025. The quarterly dividend is equivalent to an annual dividend of $1.42 per share, an increase from $1.41 per share in Fiscal 2025. It is the Company’s 32nd consecutive annual increase.
The Company also announced that its Board has approved a $250 million share repurchase authorization, an increase from the 2020 authorization of $200 million. In Fiscal 2025, the Company allocated $76 million and $60 million to dividends and share repurchases, respectively.
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 exhibits are being “furnished” as part of this Current Report on Form 8-K:
Exhibit No. Description
99.1 - Press release dated June 26, 2025 announcing the dividend increase and share repurchase authorization.
99.2 - Press release dated June 30, 2025 announcing Ms. Andresen to the Board.
104 - Cover Page Interactive Data File (embedded within the Inline XBRL document).
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.
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JOHN WILEY & SONS, INC. |
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(Registrant) |
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By |
/s/ Matthew S. Kissner |
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Matthew S. Kissner |
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President and Chief Executive Officer |
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Dated: June 30, 2025 |
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EX-99.1
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exhibit991-dividend.htm
EX-99.1
Document
Wiley Raises Dividend for 32nd Consecutive Year,
Announces $250 Million Share Repurchase Authorization
Company recently reported strong Fiscal 2025 earnings growth and Fiscal 2026 growth outlook
Hoboken, NJ, June 26, 2025 – Wiley (NYSE: WLY and WLYB), a leading provider of authoritative content, data-driven insights, and knowledge services for the advancement of science, innovation and learning, today announced that its Board of Directors has declared a quarterly cash dividend of $0.355 per share on its Class A and Class B Common Stock, payable on July 24, 2025, to shareholders of record on July 8, 2025. The quarterly dividend is equivalent to an annual dividend of $1.42 per share, an increase from $1.41 per share in Fiscal 2025. It is Wiley’s 32nd consecutive annual increase.
The Company also announced that its Board of Directors has approved a $250 million share repurchase authorization, an increase from the 2020 authorization of $200 million. In Fiscal 2025, Wiley allocated $76 million and $60 million to dividends and share repurchases, respectively.
Wiley recently reported results for the fourth quarter and Fiscal 2025. Highlights included:
•Delivered Revenue and Adjusted EBITDA margin growth in both Research and Learning segments
•Achieved Adjusted Operating Margin expansion of 300 basis points
•Executed AI content licensing project with a third large tech company; $40 million in total AI licensing revenue realized in Fiscal 2025 compared to $23 million in Fiscal 2024
•Drove a 34% increase in share repurchases
•Guided to a Fiscal 2026 growth outlook that includes Adjusted EBITDA margin in a range of 25.5% to 26.5% and Free Cash Flow of approximately $200 million
Please see Wiley’s Q4 and Fiscal 2025 earnings release, presentation, and call transcript at investors.wiley.com/quarterly results.
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
EX-99.2
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exhibit992-katyaandresen.htm
EX-99.2
Document
FOR IMMEDIATE RELEASE
June 30, 2025
Wiley Appoints Katya Andresen to Board of Directors
Chief Digital & Analytics Officer for The Cigna Group has strong background in technology and AI innovation
HOBOKEN, NJ—Wiley (NYSE: WLY), one of the world’s largest publishers and a trusted leader in research and learning, today announced the appointment of Katya Andresen, chief digital & analytics officer for The Cigna Group, to its Board of Directors.
Andresen’s background spans technology, data, analytics, and AI innovation across Fortune 500 companies and emerging enterprises. She has led significant initiatives at The Cigna Group and Capital One and successfully transformed Cricket Media by launching a profitable data and digital licensing business.
"As we continue to advance our priorities in AI and data services, Katya's deep knowledge in data analytics and digital transformation, combined with her experience in corporate research and development, positions her to make significant contributions to our Board of Directors and Wiley's continued success," said Matthew Kissner, president & CEO of Wiley. "We look forward to benefiting from her expertise in AI deployment, data-driven strategies, and digital innovation."
Andresen currently leads enterprise-wide technology, digital, and advanced analytics strategy at The Cigna Group, a $247 billion Fortune 16 global health services company. In her role there, she created the company's first-ever enterprise-wide AI strategy, built artificial neural networks, and redesigned core digital capabilities.
Previously, Andresen served as senior vice president of Card Customer Experience at Capital One, where she led transformation initiatives for the company's largest lines of business. Before that, as CEO of Cricket Media, she led a successful corporate turnaround, converting a traditional publisher into a digital media platform with 3.5 million active users worldwide.
“Wiley stands at the intersection of knowledge and innovation, and I’m honored to join its Board of Directors,” said Andresen. “As the world rapidly evolves through AI and digital transformation, Wiley’s role in shaping the future of learning and research has never been more vital. I’m excited to help guide that journey.”
Andresen has authored and contributed to multiple books with Wiley on digital transformation and has served as guest lecturer at Georgetown University and adjunct professor at American University. She is a recognized thought leader in digital innovation and a member of LinkedIn’s Top Voices program.
We are excited to welcome Katya to our Board,” said Jesse Wiley, Board Chair. "Her proven track record in content monetization and data analytics directly aligns with Wiley's strategic focus and innovation agenda.”
About Wiley
Wiley (NYSE: WLY) 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. 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, X, LinkedIn and Instagram.
Contact: newsroom@wiley.com