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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): January 29, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Voyager Learning Company<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>DELAWARE</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-07680</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>36-3580106</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

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    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
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<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>1800 Valley View Lane, Suite 400, Dallas, TX<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>75234-8923</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(214) 932-9500</B>


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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.01 Other Events.</B>


<P align="left" style="font-size: 10pt">As reported in our Quarterly Report on Form 10-Q for the period ended September&nbsp;30, 2008, during the fourth quarter of
2008, the Company provided an opportunity for participants in its replacement benefit plan (&#147;RBP&#148;) and its defined
benefit plan known as the supplemental retirement plan (&#147;SRP&#148;) to receive a discounted lump sum distribution to settle
certain benefit and retirement obligations. The RBP includes a small number of terminated and retired executives and
one current executive. The SRP covers certain terminated and retired former domestic employees. Prior to the
distribution opportunity, both plans were frozen, with no participants entitled to make additional contributions or
earn additional service years. On January&nbsp;29, 2009 the Company paid cash out in the amount of $7.9&nbsp;million related to
these lump sum payments, thus decreasing the liability balances related to the RBP and SRP.


<P align="left" style="font-size: 10pt">The information in this Current Report on Form 8-K, including Exhibits, is being furnished to the Securities and
Exchange Commission (the &#147;SEC&#148;) and shall not be deemed to be incorporated by reference into any of Voyager Learning
Company&#146;s filings with the SEC under the Securities Act of 1933.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt">None

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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.

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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left">Date: February 3, 2009</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>VOYAGER LEARNING COMPANY</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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    <TD align="left" valign="top"></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Todd W. Buchardt</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD nowrap align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Todd W. Buchardt</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, General Counsel, and Secretary</TD>
</TR>
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;None
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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Filed by Bowne Pure Compliance
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
Date of Report (Date of earliest event reported): January 29, 2009
Voyager Learning Company
(Exact name of registrant as specified in its charter)
DELAWARE
001-07680
36-3580106
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1800 Valley View Lane, Suite 400, Dallas, TX
75234-8923
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(214) 932-9500
(Former name or former address if changed since last report.)
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
As reported in our Quarterly Report on Form 10-Q for the period ended September 30, 2008, during the fourth quarter of
2008, the Company provided an opportunity for participants in its replacement benefit plan ("RBP") and its defined
benefit plan known as the supplemental retirement plan ("SRP") to receive a discounted lump sum distribution to settle
certain benefit and retirement obligations. The RBP includes a small number of terminated and retired executives and
one current executive. The SRP covers certain terminated and retired former domestic employees. Prior to the
distribution opportunity, both plans were frozen, with no participants entitled to make additional contributions or
earn additional service years. On January 29, 2009 the Company paid cash out in the amount of $7.9 million related to
these lump sum payments, thus decreasing the liability balances related to the RBP and SRP.
The information in this Current Report on Form 8-K, including Exhibits, is being furnished to the Securities and
Exchange Commission (the "SEC") and shall not be deemed to be incorporated by reference into any of Voyager Learning
Company's filings with the SEC under the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits.
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Date: February 3, 2009
VOYAGER LEARNING COMPANY
By:
/s/ Todd W. Buchardt
Name:
Todd W. Buchardt
Title:
Senior Vice President, General Counsel, and Secretary
EXHIBIT INDEX
Number
Exhibit
None