0-11507
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13-5593032
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Commission File Number
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IRS Employer Identification Number
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111 River Street, Hoboken NJ
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07030
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Address of principal executive offices
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Zip Code
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Registrant’s telephone number, including area code:
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(201) 748-6000
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Severance of 2x annual base salary;
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Continued vesting of stock options and restricted share units granted under the Company’s Executive Long-Term Incentive Plan;
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Accelerated vesting of all earned but unvested performance share units;
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Prorated participation in FY16-18 and FY17-19 performance cycles, with payout based on actual performance determined at the end of the cycles;
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Accelerated vesting of the remaining balance of restricted share grant from June 2015 (7,500 shares);
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Payment of earned incentives under the Company’s FY17 Executive Annual Incentive Plan;
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Agreement to act as a senior advisor consultant to the Company, through August 2017, for a total amount of $429,000;
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24 months’ coverage under the Company’s health and insurance plans, to the extent comparable coverage is not provided by a new employer;
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Reimbursement for professional services (i.e., legal, tax and financial consulting) up to $150,000 per year for two (2) years;
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A covenant not to compete for nine (9) months and a non-solicitation clause for one (1) year;
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All payments and benefits Mr. Allin is entitled to under the Company’s Supplemental Executive Retirement Plan, and other UK and US deferred compensation plans; and
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Reimbursement of relocation expenses from the U.S. to the U.K.
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JOHN WILEY & SONS, INC.
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Registrant
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By
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/s/ Matthew S. Kissner
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Matthew S. Kissner
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Interim Chief Executive Officer and
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Chairman of the Board
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By
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/s/ John A. Kritzmacher
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John A. Kritzmacher
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Chief Financial Officer and
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Executive Vice President, Technology and Operations
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Dated: July 12, 2017
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