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<FONT size=2 face="serif">As filed with the Securities and Exchange Commission on January 10, 2008</FONT>	</TD>
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<FONT size=2 face="serif">Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>	</TD>
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<FONT size=2 face="serif">UNITED STATES </FONT><BR>
<FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
<FONT size=2 face="serif">Washington, D.C. 20549 </FONT><BR>
<BR>
<FONT size=2 face="serif">___________________________________ </FONT><BR>
<BR>
<B><FONT size=2 face="serif">FORM S-8</FONT></B><FONT size=2 face="serif"> </FONT><BR>
<FONT size=2 face="serif">REGISTRATION STATEMENT </FONT><BR>
<FONT size=2 face="serif">UNDER </FONT><BR>
<FONT size=2 face="serif">THE SECURITIES ACT OF 1933 </FONT><BR>
<BR>
<FONT size=2 face="serif">___________________________________</FONT><BR>
<BR>
<B><FONT face="serif">Scholastic Corporation</FONT></B><FONT size=2 face="serif"> </FONT><BR>
<FONT size=2 face="serif">(Exact name of registrant as specified in its charter) </FONT></P>
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<FONT size=2 face="serif">Delaware</FONT>	</TD>
	<TD>&nbsp;	</TD>
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<FONT size=2 face="serif">13-3385513</FONT>	</TD>
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<FONT size=2 face="serif">(State or other jurisdiction of</FONT>	</TD>
	<TD>&nbsp;	</TD>
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<FONT size=2 face="serif">(I.R.S. Employer</FONT>	</TD>
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	<TD align=center nowrap>
<FONT size=2 face="serif">incorporation or organization)</FONT>	</TD>
	<TD>&nbsp;	</TD>
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<FONT size=2 face="serif">Identification No.)</FONT>	</TD>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">557 Broadway, New York,
NY 10012<br>
</FONT><FONT size=2 face="serif">(Address of Principal Executive offices,
including Zip Code) </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">SCHOLASTIC CORPORATION<br>
2007 OUTSIDE DIRECTORS STOCK
INCENTIVE PLAN</FONT></B><br>
<FONT size=2 face="serif">(Full Title of the Plans)</FONT><FONT size=2 face="serif"> </FONT></P>
<P align="center">
<FONT size=2 face="serif">Devereux Chatillon<br>
</FONT><FONT size=2 face="serif">Senior Vice President, General Counsel and Secretary<br>
Scholastic
Corporation<br>
557 Broadway, New York, NY 10012<br>
(212) 343-6100 </FONT></P>
<P align="center">
<FONT size=2 face="serif">(Name, Address, including Zip Code, and Telephone Number, including Area Code, of Agent for Service) </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B><FONT size=2 face="serif"> </FONT></P>
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    <TD align=left nowrap style="border-top:3px double #000000;">&nbsp;</TD>
    <TD width="19%"  align=center style="border-top:3px double #000000; border-left:1px solid #000000;">&nbsp;</TD>
    <TD  align=center style="border-top:3px double #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">Proposed</FONT></TD>
    <TD width="19%"  align=center style="border-top:3px double #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">Proposed</FONT></TD>
    <TD width="19%"  align=center style="border-top:3px double #000000; border-left:1px solid #000000;">&nbsp;</TD>
  </TR>
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    <TD align=center nowrap><FONT size=2 face="serif">Title of</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">Amount</FONT></TD>
    <TD width="19%"  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">maximum</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">maximum</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">Amount
        of</FONT></TD>
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    <TD align=center nowrap><FONT size=2 face="serif">securities to</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">to
        be</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">offering
        price</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">aggregate</FONT></TD>
    <TD  align=center style="border-left:1px solid #000000;"><FONT size=2 face="serif">registration</FONT></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">be
        registered</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">registered
        (1)</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">per
        share (2)</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">offering
        price (2)</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">fee
        (2)</FONT></TD>
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    <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;&nbsp;<FONT size=2 face="serif">Common
        Stock ($.01 par value)</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">500,000</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">$33.00</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">$16,500,000</FONT></TD>
    <TD  align=center style="border-bottom:1px solid #000000; border-left:1px solid #000000;"><FONT size=2 face="serif">$649</FONT></TD>
  </TR>
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<BR>
<P align="left">
<FONT size=2 face="serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to Rule 416(a), this registration statement shall also cover any additional shares of the Registrant&#146;s Common Stock that become issuable under the Scholastic Corporation 2007 Outside Directors Stock
Incentive Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction. </FONT></P>
<P align="left">
<FONT size=2 face="serif">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Estimated solely for purposes of calculating the registration fee, and pursuant to Rule 457(h) under the Securities Act of 1933, as amended, computed based upon the average of the high and low prices of the
Registrant&#146;s Common Stock reported on the NASDAQ Global Select Market on January 8, 2008. </FONT></P>



<P align="center">
<FONT size=2 face="serif">&nbsp;</FONT><FONT size=2 face="serif"> </FONT></P>

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<B><FONT size=2 face="serif">PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">Item 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plan Information </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Not filed as part of this registration statement pursuant to the Note to Part 1 of Form S-8. The documents containing the information specified in this Item have been or will be sent or given to participants as specified
by Rule 428(b)(1) of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant Information and Employee Plan Annual Information </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Not filed as part of this registration statement pursuant to the Note to Part 1 of Form S-8. The documents containing the information specified in this Item have been or will be sent or given to participants as specified
by Rule 428(b)(1) of the Securities Act. </FONT></P>


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<FONT size=2 face="serif">1</FONT><FONT size=2 face="serif"> </FONT></P>

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<B><FONT size=2 face="serif">PART II </FONT></B><BR>
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of Documents by Reference</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following documents which have heretofore been filed by Scholastic Corporation (the &#147;Company&#148;) (Commission File No. 000-19860) with the Securities and Exchange Commission (the &#147;Commission&#148;) pursuant
to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), are incorporated by reference herein and shall be deemed to be a part hereof: </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s Annual Report on Form 10-K for the fiscal year ended May 31, 2007; </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s Quarterly Reports on Form 10-Q for the quarterly periods ending August 31, 2007 and November 30, 2007; </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s Current Reports on Form 8-K filed with the SEC on June 1, 2007, July 16, 2007, October 5, 2007, November 2, 2007 and December 14, 2007; and</FONT><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
description of the Company&#146;s Common Stock, $.01 par value per share (the &#147;Common
Stock&#148;), contained in the Company&#146;s registration statement filed under
Section 12 of  the Exchange Act, including any amendment or report filed for
the purpose of updating such description.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">All documents filed by the Company
  with the SEC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
  Act subsequent to the date of  this registration statement and prior to the
    filing of a post-effective amendment to this registration statement which
    indicates that all the Common Stock offered hereby has been sold or which
    deregisters all Common Stock then remaining unsold shall be deemed to be
    automatically incorporated by reference in this registration statement and
    to be a part hereof from the date of filing such documents; provided, however,
    that the Company is not incorporating by reference any information furnished
    under Item 2.02 or Item 7.01 of any current report on Form 8-K, unless, and
    to the extent, specified in any such current report on Form 8-K. Any statement
    contained in a document incorporated or deemed to be incorporated by reference
    herein shall be deemed to be modified or superseded for purposes of this
    registration statement to the extent that a statement contained herein or
    in any other subsequently filed document which also is or is deemed to be
    incorporated by reference herein modifies or supersedes such statement. Any
    such statement so modified or superseded shall only be deemed to be a part
  of this registration statement as so modified or superseded. </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 4.</FONT></B><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT size=2 face="serif">Description of Securities</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Not applicable </FONT></P>
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<B><FONT size=2 face="serif">Item 5.</FONT></B><FONT size=2 face="serif"> </FONT><B><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interests of Named Experts and Counsel</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The validity of the issuance of the shares of Common Stock to which this registration statement relates has been passed upon by Baker &amp; McKenzie LLP, New York, New York. Andrew S. Hedden is a partner of Baker &amp;
McKenzie LLP and a Director of the Company. As of January 10, 2008, Mr. Hedden beneficially owned 2,000 shares of Common Stock of the Company. </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification of Directors and Officers</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">Delaware General Corporation Law.</FONT></I><FONT size=2 face="serif"> Section 145 of the Delaware General Corporation Law provides that a Delaware corporation may indemnify any person
who was or is a party or is threatened to </FONT></P>
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<FONT size=2 face="serif">II-1 </FONT></P>

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<FONT size=2 face="serif">be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact
that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include
expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with the action, suit, or proceeding, provided the person acted in good faith and in a manner he
reasonably believed to be in or not opposed to the corporation&#146;s best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his conduct was unlawful. A similar standard of care is applicable
in the case of actions by or in the right of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which such person will have been adjudged to be liable to the corporation unless and only to the
extent that the Delaware Court of Chancery or the court in which such action was brought determines that, despite the adjudication of liability but in view of all of the circumstances of the case, the person is fairly and reasonably entitled to
indemnity for expenses that the Delaware Court of Chancery or other court shall deem proper.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">Charter and by-laws.</FONT></I><FONT size=2 face="serif"> </FONT><FONT size=2 face="serif"> </FONT><FONT size=2 face="serif">Article FIFTH of the Amended
and Restated Certificate of Incorporation and Article VII of the By-laws of the Company contain provisions for the indemnification of the Company&#146;s directors, officers and employees to the fullest extent permitted by Section 145 of the Delaware
General Corporation Law. In addition, as authorized by Section 145 of the Delaware General Corporation Law, Article FIFTH of the Company&#146;s Amended and Restated Certificate of Incorporation eliminates the personal liability of its directors to
the Company or its stockholders for monetary damages for any breach of fiduciary duty as a director, except for (i) any breach of the duty of loyalty to the Company or its stockholders, (ii) acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (iii) liability under Section 174 of the Delaware General Corporation Law or (iv) any transaction from which the director derived an improper personal benefit. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">Insurance. </FONT></I><FONT size=2 face="serif">The Company currently maintains an insurance policy under which the Company and the
directors and officers of the Company are insured, within the limits of the policy, against certain expenses in connection with the defense of actions, suits or proceedings, and certain liabilities which might be imposed as a result of such actions,
suits or proceedings, to which directors and officers of the Company are parties by reason of being or having been such directors or officers.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT size=2 face="serif">SEC Position.</FONT></I><FONT size=2 face="serif"> Insofar as indemnification for liabilities arising under the Securities Act of 1933, as
amended, may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing provisions, the Company has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is therefore unenforceable.</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 7.</FONT></B><FONT size=2 face="serif"> </FONT><B><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption from Registration Claimed</FONT></B><FONT size=2 face="serif">
</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Not Applicable </FONT></P>
<P align="left">
<B><FONT size=2 face="serif">Item 8.</FONT></B><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT size=2 face="serif">Exhibits </FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following is a list of exhibits filed as part of this registration statement, which are incorporated herein. </FONT></P>

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  <TR>
    <TD width="5%" valign=top nowrap><FONT size=2 face="serif">4</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD><FONT size=2 face="serif">Scholastic Corporation 2007 Outside
        Directors Stock Incentive Plan</FONT> </TD>
</TR></TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">II-2 </FONT></P>

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<P STYLE="page-break-before:always"></P><PAGE><br>
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    <TD width="5%" valign=top nowrap><FONT size=2 face="serif">5</FONT>&nbsp; &nbsp; &nbsp; </TD>
    <TD><FONT size=2 face="serif">Opinion of Baker &amp; McKenzie
        LLP</FONT> </TD>
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  <TR>
    <TD colspan=2>&nbsp;</TD>
  </TR>
<TR>
	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">23.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Consent of Ernst &amp; Young LLP</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">23.2</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD>
<FONT size=2 face="serif">Consent of Baker &amp; McKenzie LLP (included in Exhibit 5.1)</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="left">
<B><FONT size=2 face="serif">Item 9.</FONT></B><FONT size=2 face="serif">  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT size=2 face="serif">Undertakings</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company hereby undertakes: </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: </FONT></P>
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  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
    <td><P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        To include any prospectus required by Section 10(a)(3) of the Securities
        Act of 1933; </FONT></P>
      <P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        To reflect in the prospectus any facts or events arising after the
        effective date of this registration statement (or the most recent post-effective
        amendment thereof) which, individually or in the aggregate, represent
        a fundamental change in the information set forth in the registration
        statement. Notwithstanding the foregoing, any increase or decrease
        in volume of securities offered (if the total dollar value of securities
        offered would not exceed that which was registered) and any deviation
        from the low or high end of the estimated maximum offering range may
        be reflected in the form of prospectus filed with the Commission pursuant
        to Rule 424(b) if, in the aggregate, the changes in volume and price
        represent no more than a 20 percent change in the maximum aggregate
        offering price set forth in the &#147;Calculation of Registration Fee&#148; table
          in the effective registration statement; </FONT></P>
      <P align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        To include any material information with respect to the plan of distribution
        not previously disclosed in this registration statement or any material
  change to such information in this registration statement; </FONT></P></td>
  </tr>
</table>
<P align="left"><I><FONT size=2 face="serif">provided, however,</FONT></I><FONT size=2 face="serif"> that paragraphs (1)(i) and (1)(ii) shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in
reports filed with or furnished to the Commission by the Company pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this registration statement. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Company&#146;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and,
where applicable, each filing of an employee benefits plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof. </FONT></P>
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<FONT size=2 face="serif">II-3 </FONT></P>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the
Company has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue. </FONT></P>
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<FONT size=2 face="serif">II-4 </FONT></P>

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<B><FONT size=2 face="serif">SIGNATURES </FONT></B></P>
<P align="left">
<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on January 10, 2008. </FONT></P>
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	<TD width="50%" align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<B><FONT size=2 face="serif">SCHOLASTIC CORPORATION</FONT></B>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%" align=left nowrap>&nbsp;</TD>
	<TD><FONT size=2 face="serif">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> </TD>
	<TD align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Richard M. Robinson</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%" align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Richard Robinson, Chairman of</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%" align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">the Board, Chief Executive Officer</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%" align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">and President</FONT>	</TD>
</TR>
</TABLE><BR>
<P align="center">
<B><FONT size=2 face="serif">POWER OF ATTORNEY</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Richard Robinson his or her true and lawful attorney-in-fact and agent, with power of
substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all post-effective amendments to this registration statement, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing necessary and requisite to be done, as fully
and to all the intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated. </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=25% align=left nowrap>
<U><FONT size=2 face="serif">Signature</FONT></U>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
<U><FONT size=2 face="serif">Title</FONT></U>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=center nowrap>
<U><FONT size=2 face="serif">Date</FONT></U>	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>
<U><FONT size=2 face="serif">/s/ Richard Robinson</FONT></U>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Chairman of the Board, President,</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>
<FONT size=2 face="serif">Richard Robinson</FONT>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Chief Executive Officer and</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>&nbsp;	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Director (Principal Executive</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>&nbsp;	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Officer)</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Maureen O&#146;Connell</FONT>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Executive Vice President, Chief</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>
<FONT size=2 face="serif">Maureen O&#146;Connell</FONT>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Administrative Officer and</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>&nbsp;	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Chief Financial Officer (Principal</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>&nbsp;	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Financial Officer)</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Robert J. Jackson</FONT>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Chief Accounting Officer</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width=25% align=left nowrap>
<FONT size=2 face="serif">Robert J. Jackson</FONT>	</TD>
	<TD width=9%>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">(Principal Accounting Officer)</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width=32% align=left nowrap>&nbsp;	</TD>
</TR>
</TABLE><BR>

<HR noshade width="100%" size=4>



<P STYLE="page-break-before:always"></P><PAGE><br>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ James W. Barge</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">James W. Barge</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Rebeca M. Barrera</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Rebeca M. Barrera</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Ramon C. Cortines</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Ramon C. Cortines</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ John L. Davies</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">John L. Davies</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Andrew S. Hedden</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Andrew S. Hedden</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Mae C. Jemison</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Mae C. Jemison</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ Peter M. Mayer</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Peter M. Mayer</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/ John G. McDonald</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">John G. McDonald</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">/s/Augustus K. Oliver</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Augustus K. Oliver</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<U><FONT size=2 face="serif">/s/ Richard M. Spaulding</FONT></U>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Director</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=center nowrap>
<FONT size=2 face="serif">January 10, 2008</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="25%" align=left nowrap>
<FONT size=2 face="serif">Richard M. Spaulding</FONT>	</TD>
	<TD width="9%">&nbsp;	</TD>
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width="32%" align=left nowrap>&nbsp;	</TD>
</TR>
</TABLE><BR>

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<P STYLE="page-break-before:always"></P><PAGE><br>


<P align="center">
<FONT size=2 face="serif">EXHIBIT INDEX </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width="15%" align=left nowrap>
<U><FONT size=2 face="serif">Number</FONT></U>	&nbsp;</TD>
	<TD align=left nowrap>
<U><FONT size=2 face="serif">Description of Document</FONT></U>	</TD>
</TR>
<TR valign="bottom">
	<TD width="15%" align=left nowrap>
<FONT size=2 face="serif">Exhibit 4</FONT>	&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Scholastic Corporation 2007 Outside Directors Stock Incentive Plan.</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="15%" align=left nowrap>
<FONT size=2 face="serif">Exhibit 5</FONT>	&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Opinion of Baker &amp; McKenzie LLP.</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="15%" align=left nowrap>
<FONT size=2 face="serif">Exhibit 23.1</FONT>	&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Consent of Ernst &amp; Young LLP.</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD width="15%" align=left nowrap>
<FONT size=2 face="serif">Exhibit 23.2</FONT>	&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Consent of Baker &amp; McKenzie LLP (included in Exhibit 5).</FONT>	</TD>
</TR>
</TABLE>
<BR>

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</HTML>
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{"company-data": {"conformed-name": "SCHOLASTIC CORP", "cik": "0000866729", "assigned-sic": "2731", "irs-number": "133385513", "state-of-incorporation": "DE", "fiscal-year-end": "0531"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-148600", "film-number": "08524355"}, "business-address": {"street1": "555 BROADWAY", "city": "NEW YORK", "state": "NY", "zip": "10012", "phone": "2123436100"}, "mail-address": {"street1": "555 BROADWAY", "city": "NEW YORK", "state": "NY", "zip": "10012"}}
c51939_s-8.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
As filed with the Securities and Exchange Commission on January 10, 2008
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
___________________________________
Scholastic Corporation
(Exact name of registrant as specified in its charter)
Delaware
13-3385513
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
557 Broadway, New York,
NY 10012
(Address of Principal Executive offices,
including Zip Code)
SCHOLASTIC CORPORATION
2007 OUTSIDE DIRECTORS STOCK
INCENTIVE PLAN
(Full Title of the Plans)
Devereux Chatillon
Senior Vice President, General Counsel and Secretary
Scholastic
Corporation
557 Broadway, New York, NY 10012
(212) 343-6100
(Name, Address, including Zip Code, and Telephone Number, including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Title of
Amount
maximum
maximum
Amount
        of
securities to
to
        be
offering
        price
aggregate
registration
be
        registered
registered
        (1)
per
        share (2)
offering
        price (2)
fee
        (2)
Common
        Stock ($.01 par value)
500,000
$33.00
$16,500,000
$649
(1)      Pursuant to Rule 416(a), this registration statement shall also cover any additional shares of the Registrant's Common Stock that become issuable under the Scholastic Corporation 2007 Outside Directors Stock
Incentive Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction.
(2)      Estimated solely for purposes of calculating the registration fee, and pursuant to Rule 457(h) under the Securities Act of 1933, as amended, computed based upon the average of the high and low prices of the
Registrant's Common Stock reported on the NASDAQ Global Select Market on January 8, 2008.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.     Plan Information
Not filed as part of this registration statement pursuant to the Note to Part 1 of Form S-8. The documents containing the information specified in this Item have been or will be sent or given to participants as specified
by Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act").
Item 2.     Registrant Information and Employee Plan Annual Information
Not filed as part of this registration statement pursuant to the Note to Part 1 of Form S-8. The documents containing the information specified in this Item have been or will be sent or given to participants as specified
by Rule 428(b)(1) of the Securities Act.
1
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.      Incorporation of Documents by Reference
The following documents which have heretofore been filed by Scholastic Corporation (the "Company") (Commission File No. 000-19860) with the Securities and Exchange Commission (the "Commission") pursuant
to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are incorporated by reference herein and shall be deemed to be a part hereof:
(a)      The Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2007;
(b)      The Company's Quarterly Reports on Form 10-Q for the quarterly periods ending August 31, 2007 and November 30, 2007;
(c)      The Company's Current Reports on Form 8-K filed with the SEC on June 1, 2007, July 16, 2007, October 5, 2007, November 2, 2007 and December 14, 2007; and
(d)      The
description of the Company's Common Stock, $.01 par value per share (the "Common
Stock"), contained in the Company's registration statement filed under
Section 12 of  the Exchange Act, including any amendment or report filed for
the purpose of updating such description.
All documents filed by the Company
  with the SEC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange
  Act subsequent to the date of  this registration statement and prior to the
    filing of a post-effective amendment to this registration statement which
    indicates that all the Common Stock offered hereby has been sold or which
    deregisters all Common Stock then remaining unsold shall be deemed to be
    automatically incorporated by reference in this registration statement and
    to be a part hereof from the date of filing such documents; provided, however,
    that the Company is not incorporating by reference any information furnished
    under Item 2.02 or Item 7.01 of any current report on Form 8-K, unless, and
    to the extent, specified in any such current report on Form 8-K. Any statement
    contained in a document incorporated or deemed to be incorporated by reference
    herein shall be deemed to be modified or superseded for purposes of this
    registration statement to the extent that a statement contained herein or
    in any other subsequently filed document which also is or is deemed to be
    incorporated by reference herein modifies or supersedes such statement. Any
    such statement so modified or superseded shall only be deemed to be a part
  of this registration statement as so modified or superseded.
Item 4.
Description of Securities
Not applicable
Item 5.
Interests of Named Experts and Counsel
The validity of the issuance of the shares of Common Stock to which this registration statement relates has been passed upon by Baker & McKenzie LLP, New York, New York. Andrew S. Hedden is a partner of Baker &
McKenzie LLP and a Director of the Company. As of January 10, 2008, Mr. Hedden beneficially owned 2,000 shares of Common Stock of the Company.
Item 6.      Indemnification of Directors and Officers
Delaware General Corporation Law.
Section 145 of the Delaware General Corporation Law provides that a Delaware corporation may indemnify any person
who was or is a party or is threatened to
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be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact
that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include
expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with the action, suit, or proceeding, provided the person acted in good faith and in a manner he
reasonably believed to be in or not opposed to the corporation's best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his conduct was unlawful. A similar standard of care is applicable
in the case of actions by or in the right of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which such person will have been adjudged to be liable to the corporation unless and only to the
extent that the Delaware Court of Chancery or the court in which such action was brought determines that, despite the adjudication of liability but in view of all of the circumstances of the case, the person is fairly and reasonably entitled to
indemnity for expenses that the Delaware Court of Chancery or other court shall deem proper.
Charter and by-laws.
Article FIFTH of the Amended
and Restated Certificate of Incorporation and Article VII of the By-laws of the Company contain provisions for the indemnification of the Company's directors, officers and employees to the fullest extent permitted by Section 145 of the Delaware
General Corporation Law. In addition, as authorized by Section 145 of the Delaware General Corporation Law, Article FIFTH of the Company's Amended and Restated Certificate of Incorporation eliminates the personal liability of its directors to
the Company or its stockholders for monetary damages for any breach of fiduciary duty as a director, except for (i) any breach of the duty of loyalty to the Company or its stockholders, (ii) acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law, (iii) liability under Section 174 of the Delaware General Corporation Law or (iv) any transaction from which the director derived an improper personal benefit.
Insurance.
The Company currently maintains an insurance policy under which the Company and the
directors and officers of the Company are insured, within the limits of the policy, against certain expenses in connection with the defense of actions, suits or proceedings, and certain liabilities which might be imposed as a result of such actions,
suits or proceedings, to which directors and officers of the Company are parties by reason of being or having been such directors or officers.
SEC Position.
Insofar as indemnification for liabilities arising under the Securities Act of 1933, as
amended, may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing provisions, the Company has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Act and is therefore unenforceable.
Item 7.
Exemption from Registration Claimed
Not Applicable
Item 8.
Exhibits
The following is a list of exhibits filed as part of this registration statement, which are incorporated herein.
4
Scholastic Corporation 2007 Outside
        Directors Stock Incentive Plan
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5
Opinion of Baker & McKenzie
        LLP
23.1
Consent of Ernst & Young LLP
23.2
Consent of Baker & McKenzie LLP (included in Exhibit 5.1)
Item 9.
Undertakings
The Company hereby undertakes:
(1)      To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i)              To include any prospectus required by Section 10(a)(3) of the Securities
        Act of 1933;
(ii)             To reflect in the prospectus any facts or events arising after the
        effective date of this registration statement (or the most recent post-effective
        amendment thereof) which, individually or in the aggregate, represent
        a fundamental change in the information set forth in the registration
        statement. Notwithstanding the foregoing, any increase or decrease
        in volume of securities offered (if the total dollar value of securities
        offered would not exceed that which was registered) and any deviation
        from the low or high end of the estimated maximum offering range may
        be reflected in the form of prospectus filed with the Commission pursuant
        to Rule 424(b) if, in the aggregate, the changes in volume and price
        represent no more than a 20 percent change in the maximum aggregate
        offering price set forth in the "Calculation of Registration Fee" table
          in the effective registration statement;
(iii)             To include any material information with respect to the plan of distribution
        not previously disclosed in this registration statement or any material
  change to such information in this registration statement;
provided, however,
that paragraphs (1)(i) and (1)(ii) shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in
reports filed with or furnished to the Commission by the Company pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this registration statement.
(2)      That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3)      To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The Company hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Company's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and,
where applicable, each filing of an employee benefits plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
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Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the
Company has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on January 10, 2008.
SCHOLASTIC CORPORATION
By:
/s/ Richard M. Robinson
Richard Robinson, Chairman of
the Board, Chief Executive Officer
and President
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Richard Robinson his or her true and lawful attorney-in-fact and agent, with power of
substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all post-effective amendments to this registration statement, and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing necessary and requisite to be done, as fully
and to all the intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Richard Robinson
Chairman of the Board, President,
January 10, 2008
Richard Robinson
Chief Executive Officer and
Director (Principal Executive
Officer)
/s/ Maureen O'Connell
Executive Vice President, Chief
January 10, 2008
Maureen O'Connell
Administrative Officer and
Chief Financial Officer (Principal
Financial Officer)
/s/ Robert J. Jackson
Chief Accounting Officer
January 10, 2008
Robert J. Jackson
(Principal Accounting Officer)
/s/ James W. Barge
Director
January 10, 2008
James W. Barge
/s/ Rebeca M. Barrera
Director
January 10, 2008
Rebeca M. Barrera
/s/ Ramon C. Cortines
Director
January 10, 2008
Ramon C. Cortines
/s/ John L. Davies
Director
January 10, 2008
John L. Davies
/s/ Andrew S. Hedden
Director
January 10, 2008
Andrew S. Hedden
/s/ Mae C. Jemison
Director
January 10, 2008
Mae C. Jemison
/s/ Peter M. Mayer
Director
January 10, 2008
Peter M. Mayer
/s/ John G. McDonald
Director
January 10, 2008
John G. McDonald
/s/Augustus K. Oliver
Director
January 10, 2008
Augustus K. Oliver
/s/ Richard M. Spaulding
Director
January 10, 2008
Richard M. Spaulding
EXHIBIT INDEX
Number
Description of Document
Exhibit 4
Scholastic Corporation 2007 Outside Directors Stock Incentive Plan.
Exhibit 5
Opinion of Baker & McKenzie LLP.
Exhibit 23.1
Consent of Ernst & Young LLP.
Exhibit 23.2
Consent of Baker & McKenzie LLP (included in Exhibit 5).