On June 1, 2022, the Board of Directors of Scholastic Corporation (the Company) was informed that Margaret A. Williams, a director of the Company since 2010, has decided to retire as a director of the Company and not stand for re-election upon expiration of her current term at the Annual Meeting of Stockholders, scheduled to be held on September 21, 2022 (the Annual Meeting). Ms. Williams will continue to serve as a director, as well as Chair of the Nominating and Governance Committee and a member of the Human Resources and Compensation Committee, until the Annual Meeting. Ms. Williams' departure is not due to any disagreement between her and the Company, its management, the Board or any committee thereof, or any matter relating to the Company's operations, policies or practices.

Ms. Williams is a trailblazer with a career in politics, communications and children's advocacy that has spanned nearly thirty years. During her tenure on the Board, Ms. Williams has consistently contributed her deep expertise to ensure Scholastic achieves its mission with efficiency and integrity.