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Form 8-K WILEY JOHN & SONS, INC. For: May 08

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May 8, 2017 8:11 AM EDT
 
 
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT


Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934


May 8, 2017
(Date of Report)
(Date of earliest event reported)

JOHN WILEY & SONS, INC.
(Exact name of registrant as specified in its charter)

New York
(State or jurisdiction of incorporation)

 
0-11507
13-5593032
 
----------------------------------------------------
---------------------------------------------
 
Commission File Number
IRS Employer Identification Number
 
111 River Street, Hoboken NJ
07030
 
----------------------------------------------------
---------------------------------------------
 
Address of principal executive offices
Zip Code
 
Registrant’s telephone number, including area code:
(201) 748-6000
   
---------------------------------------------


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
  [ ] Written communications pursuant to Rule 425 under the Securities Act(17 CFR 230.425)
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17 CFR 240.14a-12)
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
       (17 CFR 240.14d-2(b))
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
      (17 CFR   240.13e-4(c))


 
 
 
 
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
(b) On May 8, 2017, Mark J. Allin, President and Chief Executive Officer of John Wiley & Sons, Inc. (the “Company”) and director on the Company’s Board of Directors, resigned from the Company.
 
(c) Effective 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.
 
Mr. Kissner, 62, has been a Director on the Company’s Board since 2003 and Chairman since 2015. He is a former Executive Vice President and Group President of Pitney Bowes and has held leadership positions in the financial services industry.
 
A copy of the press release announcing the matters described above is attached as Exhibit 99.1 to this Current Report on Form 8-K.
 
Item 9.01 Financial Statements and Exhibits.
 
Exhibit No.                   Description
 
99.1                               Press release, dated May 8, 2017
 

 
 
 
 

 
 

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized


 
JOHN WILEY & SONS, INC.
 
Registrant
 
By 
/s/ John A. Kritzmacher
  
 
John A. Kritzmacher
  
 
Chief Financial Officer and
  
 
Executive Vice President, Technology and Operations
  



 
Dated: May 8, 2017




 

 
Mark Allin resigns as President and CEO of Wiley
Matthew Kissner, Chairman of the Board, will serve as interim CEO
 
 
Hoboken, New Jersey—May 8, 2017—John Wiley and Sons, Inc. (NYSE: JWa and JWb), a global research and learning company, announced today that President and CEO Mark Allin has resigned for family reasons, effective immediately. Matthew Kissner, Chairman of the Board, has been named interim CEO. The Board has begun a search for Mr. Allin’s successor.
 
“The Board is thankful for Mark’s years of service and leadership,” said Mr. Kissner. “We understand and support his decision to step down for family reasons and are grateful for his many accomplishments. We wish him and his family the very best. I am confident that working with John Kritzmacher, our CFO and EVP, Technology and Operations and Wiley’s executive leadership team, the Company will enjoy continued success in the future.”
 
Mr. Allin said, “It has been an enormous privilege to have led Wiley during an important period of transformation and growth. I am proud to have worked with remarkable colleagues who are so committed to advancing learning and knowledge throughout the world.”  
 
“With our engaged colleagues and industry leading knowledge and knowledge-enabled services, we are well positioned to meet the growing needs of our customers,” said Mr. Kissner. “We remain focused on driving profitable growth with a continued emphasis on quality and innovation to maximize shareholder value.”

“Mark Allin is leaving Wiley having made a significant contribution to our evolution,” said Jesse Wiley, Board member. “During his tenure, he has led significant changes to improve operations and drive future growth. He has been a tremendous asset to Wiley and we are grateful for his many contributions over 20 years. We wish him the very best.”
 
Mr. Allin is a 16-year Wiley veteran, joining the Company with the acquisition of Capstone Publishing (which he founded) in 2000. He went on to serve as Managing Director of Wiley Asia and Senior Vice-President Asia-Pacific, before being promoted to Executive Vice President, Professional Development in 2010 and then in 2015 Chief Operating Officer, followed by President and CEO.
 
Mr. Kissner has been a Wiley Director since 2003 and Chairman since 2015. His tenure includes service as chair of the Executive, Governance, Audit, and Compensation committees. He is a former Executive Vice President and Group President of Pitney Bowes and has held leadership positions in the financial services industry. 
 
About Wiley
 
Wiley, a global company, helps people and organizations develop the skills and knowledge they need to succeed. Our online scientific, technical, medical, and scholarly journals, combined with our digital learning, assessment and certification solutions help universities, learned societies, businesses, governments and individuals increase the academic and professional impact of their work. For more than 200 years, we have delivered consistent performance to our stakeholders. The company's website can be accessed at www.wiley.com. 
 
Contact:

Brian Campbell
Vice President, Investor Relations
(201) 748-6874

 

 
 

 


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