Wiley (WLY) appoints Frank Scognamiglio as new Chief Accounting Officer
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
John Wiley & Sons, Inc. appointed Frank Scognamiglio as Corporate Vice President, Chief Accounting Officer and principal accounting officer, effective July 9, 2026, succeeding former Chief Accounting Officer Christopher Caridi.
Scognamiglio, age 52, has been Corporate Vice President, Global Controller since April 2025 and previously led Global Financial Shared Services. His compensation includes a $340,000 annual base salary, eligibility for a target annual bonus equal to 40% of base salary under the Wiley Annual Incentive Plan, and restricted share units with a grant value of $100,000 under the 2022 Omnibus Stock Plan and Long-Term Incentive Plan. The RSUs will be granted on September 17, 2026 and vest in three equal annual installments on June 30, 2027, 2028, and 2029. Outgoing principal accounting officer Christopher Caridi will remain with the company as Senior Vice President, Business Transformation until his expected retirement on April 30, 2027 to support the transition.
Positive
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Annual base salary: $340,000
Target annual bonus: 40% of base salary
RSU grant value: $100,000
+5 more
8 metrics
Annual base salary
$340,000
Compensation for Chief Accounting Officer role
Target annual bonus
40% of base salary
Bonus opportunity under Wiley Annual Incentive Plan
RSU grant value
$100,000
Restricted share units under 2022 Omnibus Stock Plan and Long-Term Incentive Plan
RSU grant date
September 17, 2026
Date used to calculate RSU award based on trailing ten-day closing price
RSU vesting dates
June 30, 2027, 2028, 2029
Three equal annual installments
Executive age
52 years
Age of Frank Scognamiglio at appointment
Retirement date
April 30, 2027
Expected retirement date of Christopher Caridi
Effective appointment date
July 9, 2026
Date Scognamiglio became Chief Accounting Officer
Key Terms
principal accounting officer, restricted share units, 2022 Omnibus Stock Plan, Long-Term Incentive Plan, +2 more
6 terms
principal accounting officer financial
"to serve as the Company's principal accounting officer, succeeding Christopher Caridi"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
2022 Omnibus Stock Plan financial
"restricted share units under the Company's 2022 Omnibus Stock Plan and Long-Term Incentive Plan"
Long-Term Incentive Plan financial
"under the Company's 2022 Omnibus Stock Plan and Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Regulation S-K regulatory
"required to be disclosed under Item 401(d) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Item 404(a) regulatory
"require disclosure under Item 404(a) of Regulation S-K"
FAQ
What executive leadership change did John Wiley & Sons (WLY) announce in this 8-K?
John Wiley & Sons appointed Frank Scognamiglio as Corporate Vice President, Chief Accounting Officer and principal accounting officer, effective July 9, 2026. He replaces Christopher Caridi, who will stay on as Senior Vice President, Business Transformation until his expected retirement on April 30, 2027.
What is the compensation package for Frank Scognamiglio as Chief Accounting Officer of WLY?
Frank Scognamiglio will receive a $340,000 annual base salary and is eligible for a target annual bonus of 40% of base salary. He will also receive $100,000 in restricted share units, vesting in three equal installments in 2027, 2028, and 2029 under Wiley’s long-term plans.
What role will former Chief Accounting Officer Christopher Caridi have at John Wiley & Sons (WLY)?
Christopher Caridi will remain with John Wiley & Sons as Senior Vice President, Business Transformation until his expected retirement on April 30, 2027. During this period, he will assist with transitioning his former Chief Accounting Officer responsibilities to Frank Scognamiglio.