JOHN WILEY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
JOHN WILEY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) John Wiley & Sons, Inc. (the “Company”) issued a press release today announcing that the Wiley Board of Directors has elected David C. Dobson, Chief Executive Officer at Digital River, to join the Board of Directors effective March 22, 2017. As of the date of this report, the Board has not yet appointed Mr. Dobson to any Board committees.
Mr. Dobson will participate in the Company’s non-employee director compensation policy, to which he will be entitled to receive an annual cash retainer of $100,000 per annum, and an annual equity retainer of $100,000 per annum (each prorated based on service in 2017).
There were no arrangements or understandings between Mr. Dobson and any other persons to which Mr. Dobson was selected as a director. Mr. Dobson does not have any direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated March 22, 2017 announcing director appointment
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About JOHN WILEY & SONS, INC. (NYSE:JW.A)
John Wiley & Sons, Inc. provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. The Company operates through three segments: Research, Professional Development and Education. Through the Research segment, the Company provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising. The Professional Development segment provides digital and print books, corporate learning solutions, employment talent solutions and training services, and test prep and certification. In the Education segment, the Company provides print and digital content, and education solutions, including online program management services for higher education institutions and course management tools for instructors and students. The Company is engaged in developing and cross-marketing products to its customer base of researchers, professionals, students and educators. JOHN WILEY & SONS, INC. (NYSE:JW.A) Recent Trading Information
JOHN WILEY & SONS, INC. (NYSE:JW.A) closed its last trading session up +0.30 at 53.40 with 193,751 shares trading hands.
John Wiley & Sons, Inc. provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. The Company operates through three segments: Research, Professional Development and Education. Through the Research segment, the Company provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising. The Professional Development segment provides digital and print books, corporate learning solutions, employment talent solutions and training services, and test prep and certification. In the Education segment, the Company provides print and digital content, and education solutions, including online program management services for higher education institutions and course management tools for instructors and students. The Company is engaged in developing and cross-marketing products to its customer base of researchers, professionals, students and educators. JOHN WILEY & SONS, INC. (NYSE:JW.A) Recent Trading Information
JOHN WILEY & SONS, INC. (NYSE:JW.A) closed its last trading session up +0.30 at 53.40 with 193,751 shares trading hands.
