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
(c) As previously announced, on May 8, 2017, the Board of Directors appointed Matthew S. Kissner, who has been serving as the Chairman of the Board, as the Company’s Interim Chief Executive Officer. to a letter signed by Mr. Kissner and the Company on May 11, 2017, Mr. Kissner will receive $32,500 semi-monthly while in this role, and his cash retainers for serving as a Board Director and Chairman will cease. Mr. Kissner’s annual target incentive will be equal to 120% of his base salary, prorated for the period of time he acts as the Company’s Interim Chief Executive Officer, and payable subject to and in accordance with the FY2018 Executive Annual Incentive Plan. Mr. Kissner will not be eligible to receive stock grants under the Executive Long-Term Incentive Plan; he will, however, in September 2017, receive the equity retainer payable to directors and the Chairman under the 2014 Director Stock Plan.
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 down -0.75 at 50.05 with 130,262 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 down -0.75 at 50.05 with 130,262 shares trading hands.
