Item 7.01Regulation FD Disclosure.

On May 5, 2020, School Specialty, Inc. (the "Company"), determined that it would deregister the Company's common stock, $0.001 par value (the "Common Stock"), under Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as the Common Stock is held by less than 300 holders of record.

The Company currently anticipates that, on May 8, 2020, it will file with the Securities and Exchange Commission a Form 15 to deregister its Common Stock under Section 12(g) of the Exchange Act, which will result in the suspension of the Company's reporting obligations under Section 15(d) of the Exchange Act.

The Company is taking this step in order not only to reduce legal, accounting and administrative costs associated with being a reporting company, but also to facilitate on-going negotiations with its senior secured lenders regarding a potential transaction that, if successful, would provide additional capital resources for the continued operation of its businesses, restructure the Company's indebtedness, and likely result in the senior secured lenders obtaining control of the Company or all or substantially all of its assets. As previously disclosed, we expect those negotiations will result in the Common Stock having little or no value. The Company has further concluded that based on the various transaction structures being considered with its senior secured lenders, the Company would be required to deregister the Common Stock.

This information is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Further, the information in this Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing.


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