<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 11pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on November 30, 2011</B></P>

<P align="right" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<div style="border-bottom:1px solid #000000"></div>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>
<hr noshade width="15%">

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REGISTRATION STATEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNDER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">THE SECURITIES ACT OF 1933</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>
<hr noshade width="15%">

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Scholastic Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; font-weight: bold; text-align: center">Delaware</TD>
    <TD STYLE="width: 27%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 37%; font-weight: bold; text-align: center">13-3385513</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><div align="center">(State or other jurisdiction of</div></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center">(IRS Employer Identification No.)</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><div align="center">incorporation or organization)</div></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; font-weight: bold; text-align: center">557 Broadway, New York, New York</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 5%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 39%; font-weight: bold; text-align: center">&nbsp;10012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHOLASTIC CORPORATION MANAGEMENT STOCK PURCHASE
PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Full title of the plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Andrew S. Hedden, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Senior Vice President, General Counsel and
Secretary</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Scholastic Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>557 Broadway</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name and address of agent for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 343-6100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Telephone number, including area code, of agent
for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &ldquo;large accelerated
filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 66%; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt">Large accelerated filer <FONT STYLE="font-family: Wingdings">&thorn;</FONT></TD>
    <TD STYLE="width: 34%; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt">Accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt">Non-accelerated filer <FONT STYLE="font-family: Wingdings">o</FONT> (Do not check if a smaller reporting company)</TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt">Smaller reporting company <FONT STYLE="font-family: Wingdings">o</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%; border-bottom: windowtext 1pt solid; padding-right: 0.45pc; padding-left: 0.45pc; border-top: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Title
          of securities <br>
        to be registered:</B></P></TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.45pc; padding-left: 0.45pc; border-top: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Amount
          to be <br>
        registered <FONT STYLE="font-family: Times New Roman Bold"><SUP>(1)</SUP></FONT>:</B></P></TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-right: 0.45pc; padding-left: 0.45pc; border-top: double black 3px"><B>Proposed<br>
      maximum <br>
      offering price per <br>
      share <FONT STYLE="font-family: Times New Roman Bold"><SUP>(2):</SUP></FONT></B></TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-right: 0.45pc; padding-left: 0.45pc; border-top: double black 3px"><B>Proposed <br>
      maximum <br>
      aggregate <br>
      offering price <FONT STYLE="font-family: Times New Roman Bold"><SUP>(2):</SUP></FONT></B></TD>
    <TD STYLE="width: 19%; border-bottom: windowtext 1pt solid; padding-right: 0.45pc; padding-left: 0.45pc; border-top: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Amount
          of <br>
        registration fee:</B></P></TD>
  </TR>
  <TR STYLE="vertical-align: top;">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; border-bottom: double black 3px" nowrap><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Common
          Stock<br>
          ($.01 par value)</P></TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; border-bottom: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">300,000
          shares</P></TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; border-bottom: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">$24.38</P></TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; border-bottom: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">$7,314,000</P></TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc;  border-bottom: double black 3px"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">$838.18</P></TD>
  </TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1)&#9;</sup>Pursuant to Rule 416(a) under
the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this Registration Statement shall also cover any additional
shares of the Registrant&rsquo;s Common Stock that become issuable under the Scholastic Corporation Management Stock Purchase Plan
by reason of any stock dividend, stick split, recapitalization or other similar transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><SUB>&nbsp;</SUB></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(2)</sup>&#9;Estimated solely for the
purpose of calculating the registration fee, and pursuant to Rule 457(h) under the Securities Act, computed based upon the average
of the high and low prices of the Common Stock reported on the NASDAQ-National Market System on November 24, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to Rule 429 under the Securities Act, this Registration
Statement also covers the shares of Common Stock previously registered under Registration No. 333-68185.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P>
<PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>PART
i</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>INFORMATION
REQUIRED IN THE SECTION 10(</B></FONT><B><FONT STYLE="font-family: Times New Roman Bold">a) PROSPECTUS </FONT></B></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>Item 1. &nbsp;&nbsp;Plan Information</B></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not filed as part of this Registration Statement
pursuant to the Note to Part&nbsp;1 of Form&nbsp;S-8.&nbsp; The documents containing the information specified in this Item have
been or will be sent or given to participants as specified by Rule&nbsp;428(b)(1)&nbsp;of the Securities Act of 1933, as amended
(the &ldquo;Securities Act&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>Item 2. &nbsp;&nbsp;Registrant Information and Employee Plan Annual Information</B></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Not filed as part of this Registration Statement
pursuant to the Note to Part&nbsp;1 of Form&nbsp;S-8.&nbsp; The documents containing the information specified in this Item have
been or will be sent or given to participants as specified by Rule&nbsp;428(b)(1)&nbsp;of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>PART
II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>Item 3. &nbsp;&nbsp;Incorporation of Documents by Reference</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following documents which have heretofore
been filed by Scholastic Corporation (the &ldquo;Company&rdquo;) (Commission File No. 000-19860) with the Securities and Exchange
Commission (the &ldquo;Commission&rdquo;) pursuant to the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;),
are incorporated by reference herein and shall be deemed to be a part hereof:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pc; text-align: justify; text-indent: -1.8pc">a.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended May 31, 2011;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pc; text-align: justify; text-indent: -1.8pc">b.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company&rsquo;s Quarterly Report on Form 10-Q for the quarterly period ending August 31, 2011;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pc; text-align: justify; text-indent: -1.8pc">c.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company&rsquo;s Current Reports on Form 8-K filed with the Commission on
September 27, 2011, October 28, 2011 and November 30, 2011;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pc; text-align: justify; text-indent: -1.8pc">d.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The description of the Company&rsquo;s Common Stock, $.01 par value (the &ldquo;Common Stock&rdquo;), contained in the Company&rsquo;s
Registration Statement filed under Section 12 of the Exchange Act, including any amendment or report filed for the purpose of updating
such description.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pc; text-align: justify; text-indent: -1.8pc">e.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>A Form S-8 as filed with the Commission on December 1, 1998, Registration Statement No. 333-68185 providing for the registration
of 150,000 shares of Common Stock to be issued under the Scholastic Corporation Management Stock Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">All documents filed by the Company 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 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 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 701 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 part of this Registration Statement
as so modified or superseded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">II-1</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P>
<PAGE>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>Item 4. &nbsp;&nbsp;Description of Securities</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">Not </FONT>applicable</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>Item 5. &nbsp;&nbsp;Interests of Named Experts and Counsel</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">Not applicable</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman Bold; margin: 0"><B>Item 6.&nbsp;&nbsp;  Indemnification of Directors and Officers</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Delaware General Corporation Law.</I> 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 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&rsquo;
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&rsquo;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 has 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Charter and by-laws.</I> 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&rsquo;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&rsquo;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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>Insurance. </I>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.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>Item 7.</B> &nbsp;&nbsp;<B>Exemption
from Registration Claimed</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">Not Applicable</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>Item 8.  &nbsp;&nbsp;Exhibits</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">The following is a list
of exhibits filed or incorporated by reference as part of this registration statement.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">4</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">Amendment to the Amended and Restated Scholastic Corporation Management Stock Purchase Plan.</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">5</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">Opinion of Baker &amp; McKenzie LLP.</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">23.1</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">Consent of Ernst &amp; Young LLP.</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">23.2</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">Consent of Baker &amp; McKenzie LLP (included in Exhibit 5).</TD></TR>
<TR STYLE="vertical-align: top">
  <TD width="10%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD>
  <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: normal">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">II-2</P>

<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P>
<PAGE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>Item 9.  Undertakings</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company hereby undertakes:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp; (1)&nbsp;&nbsp;To file, during any period in which offers
or sales are being made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.8in">(i)&nbsp;&nbsp;To include any prospectus
required by Section&nbsp;10(a)(3) of the Securities Act;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.8in">(ii)&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 SEC pursuant to Rule&nbsp;424(b) if, in the aggregate,
the changes in volume and price represent no more than a 20&nbsp;percent change in the maximum aggregate offering price set forth
in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.8in">(iii)&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;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>provided, however, </I>that paragraphs
(1)(i), (1)(ii) and (1)(iii) 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 SEC by the Company pursuant to Section&nbsp;13 or 15(d) of the
Exchange Act that are incorporated by reference in this registration statement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(2)&nbsp;&nbsp;That, for the purpose of
determining any liability under the Securities Act, 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 <I>bona fide </I>offering thereof.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(3)&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.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  The Company hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the Company&rsquo;s annual report pursuant to Section&nbsp;13(a)
or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefits plan&rsquo;s annual report pursuant to
Section&nbsp;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 <I>bona fide </I>offering thereof.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Insofar as indemnification for liabilities arising under
the Securities Act 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 SEC such indemnification is against public policy as expressed
in the Securities Act 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 and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">II-3</P>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"></P>

<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P>
<PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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 November 30, 2011.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
  <TR STYLE="font-size:1px;">
    <TD width="61%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt; font-weight: bold">&nbsp;</TD>
    <TD nowrap STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt; font-weight: bold">SCHOLASTIC
      CORPORATION</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD nowrap STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">By:</TD>
    <TD nowrap STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt; border-bottom:1px solid black;">/s/ Richard Robinson</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD nowrap STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">Richard
      Robinson</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD nowrap STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">Chairman
      of the Board, President and</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">&nbsp;</TD>
    <TD nowrap STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 11pt">Chief&nbsp;Executive&nbsp;Officer</TD>
  </TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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.</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc; text-decoration: underline">Signature</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc"></TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; text-decoration: underline"><div align="center">Title</div></TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc; text-decoration: underline"><div align="center">Date</div></TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" valign="bottom" STYLE="padding-right: 0.45pc; border-bottom:1px solid #000000">/s/ Richard Robinson</TD>
    <TD width="5%" valign="bottom" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">Chairman of the Board,
      President, </TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">November 30, 2011</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc">Richard Robinson</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
      Executive Officer and <br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Director (Principal Executive <br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer)</TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD valign="bottom" STYLE="padding-right: 0.45pc; border-bottom:1px solid #000000">/s/
      Maureen O&rsquo;Connell</TD>
    <TD valign="bottom" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">Executive Vice President,
      Chief</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">November 30, 2011</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc;">Maureen O&rsquo;Connell</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative
      Officer and <br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" valign="bottom" STYLE="padding-right: 0.45pc; border-bottom:1px solid #000000">/s/ Dennis Campagna</TD>
    <TD width="5%" valign="bottom" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">Senior Vice President,
      </TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">November 30, 2011</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc;">Dennis Campagna</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Accounting
      Officer<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Accounting Officer)</TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD width="29%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="5%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
    <TD width="25%" STYLE="padding-right: 0.45pc; padding-left: 0.45pc">&nbsp;</TD>
  </TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">II-4</P>
<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P>
<PAGE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 39%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ James W. Barge</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>James W. Barge</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Marianne Caponnetto</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Marianne Caponnetto</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ John L. Davies</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>John L. Davies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Andrew S. Hedden</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Andrew S. Hedden</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Mae C. Jemison</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Mae C. Jemison</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Peter M. Mayer</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Peter M. Mayer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ John G. McDonald</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>John G. McDonald</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Augustus K. Oliver</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Augustus K. Oliver</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Richard M. Spaulding</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Richard M. Spaulding</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid">/s/ Margaret A. Williams</TD>
    <TD>&nbsp;</TD>
    <TD>Director</TD>
    <TD>&nbsp;</TD>
    <TD>November 30, 2011</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Margaret A. Williams</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">II-5</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P>
<PAGE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">EXHIBIT INDEX</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">Exhibit
      No.</TD>
    <TD STYLE="width: 85%; padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">Description</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">4</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">Amendment to the Amended and Restated Scholastic Corporation Management Stock Purchase Plan</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">5</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Opinion of Baker &amp; McKenzie LLP</P></TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">23.1</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">Consent
      of Ernst &amp; Young LLP</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">&nbsp;</TD>
  </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">23.2</TD>
    <TD STYLE="padding-right: 0.45pc; padding-left: 0.45pc; font-size: 10pt; text-align: justify">Consent
      of Baker &amp; McKenzie LLP (included in Exhibit 5)</TD>
  </TR>
</TABLE>
<P align="left" STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0;">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>


<P STYLE="margin: 0"></P>
<hr NOSHADE="NOSHADE" ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "c67682_s8.htm", "secsgml_size_bytes": 59413}]
{"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": "333-178243", "film-number": "111234854"}, "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"}}
As filed with the Securities and Exchange
Commission on November 30, 2011
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
(IRS Employer Identification No.)
incorporation or organization)
557 Broadway, New York, New York
10012
(Address of Principal Executive Offices)
(Zip Code)
SCHOLASTIC CORPORATION MANAGEMENT STOCK PURCHASE
PLAN
(Full title of the plan)
Andrew S. Hedden, Esq.
Senior Vice President, General Counsel and
Secretary
Scholastic Corporation
557 Broadway
New York, New York 10012
(Name and address of agent for service)
(212) 343-6100
(Telephone number, including area code, of agent
for service)
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
þ
Accelerated filer
o
Non-accelerated filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Title
          of securities
to be registered:
Amount
          to be
registered
(1)
:
Proposed
maximum
offering price per
share
(2):
Proposed
maximum
aggregate
offering price
(2):
Amount
          of
registration fee:
Common
          Stock
($.01 par value)
300,000
          shares
$24.38
$7,314,000
$838.18
(1)
Pursuant to Rule 416(a) under
the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional
shares of the Registrant's Common Stock that become issuable under the Scholastic Corporation Management Stock Purchase Plan
by reason of any stock dividend, stick split, recapitalization or other similar transaction.
(2)
Estimated solely for the
purpose of calculating the registration fee, and pursuant to Rule 457(h) under the Securities Act, computed based upon the average
of the high and low prices of the Common Stock reported on the NASDAQ-National Market System on November 24, 2011.
Pursuant to Rule 429 under the Securities Act, this Registration
Statement also covers the shares of Common Stock previously registered under Registration No. 333-68185.
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.
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, 2011;
b.
The Company's Quarterly Report on Form 10-Q for the quarterly period ending August 31, 2011;
c.
The Company's Current Reports on Form 8-K filed with the Commission on
September 27, 2011, October 28, 2011 and November 30, 2011;
d.
The description of the Company's Common Stock, $.01 par value (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.
e.
A Form S-8 as filed with the Commission on December 1, 1998, Registration Statement No. 333-68185 providing for the registration
of 150,000 shares of Common Stock to be issued under the Scholastic Corporation Management Stock Purchase Plan.
All documents filed by the Company 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 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 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 701 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 part of this Registration Statement
as so modified or superseded.
II-1
Item 4.   Description of Securities
Not
applicable
Item 5.   Interests of Named Experts and Counsel
Not applicable
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 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 has 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.
Item 7.
Exemption
from Registration Claimed
Not Applicable
Item 8.    Exhibits
The following is a list
of exhibits filed or incorporated by reference as part of this registration statement.
4
Amendment to the Amended and Restated Scholastic Corporation Management Stock Purchase Plan.
5
Opinion of Baker & McKenzie LLP.
23.1
Consent of Ernst & Young LLP.
23.2
Consent of Baker & McKenzie LLP (included in Exhibit 5).
II-2
Item 9.  Undertakings
(a)      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;
(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 SEC 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), (1)(ii) and (1)(iii) 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 SEC 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, 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.
(b)       The Company hereby undertakes that, for purposes of
determining any liability under the Securities Act, 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.
(c)       Insofar as indemnification for liabilities arising under
the Securities Act 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 SEC such indemnification is against public policy as expressed
in the Securities Act 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 and will be governed by the final adjudication of such issue.
II-3
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 November 30, 2011.
SCHOLASTIC
      CORPORATION
By:
/s/ Richard Robinson
Richard
      Robinson
Chairman
      of the Board, President and
Chief Executive Officer
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,
November 30, 2011
Richard Robinson
Chief
      Executive Officer and
Director (Principal Executive
Officer)
/s/
      Maureen O'Connell
Executive Vice President,
      Chief
November 30, 2011
Maureen O'Connell
Administrative
      Officer and
Chief Financial Officer
/s/ Dennis Campagna
Senior Vice President,
November 30, 2011
Dennis Campagna
Chief Accounting
      Officer
(Principal Accounting Officer)
II-4
/s/ James W. Barge
Director
November 30, 2011
James W. Barge
/s/ Marianne Caponnetto
Director
November 30, 2011
Marianne Caponnetto
/s/ John L. Davies
Director
November 30, 2011
John L. Davies
/s/ Andrew S. Hedden
Director
November 30, 2011
Andrew S. Hedden
/s/ Mae C. Jemison
Director
November 30, 2011
Mae C. Jemison
/s/ Peter M. Mayer
Director
November 30, 2011
Peter M. Mayer
/s/ John G. McDonald
Director
November 30, 2011
John G. McDonald
/s/ Augustus K. Oliver
Director
November 30, 2011
Augustus K. Oliver
/s/ Richard M. Spaulding
Director
November 30, 2011
Richard M. Spaulding
/s/ Margaret A. Williams
Director
November 30, 2011
Margaret A. Williams
II-5
EXHIBIT INDEX
Exhibit
      No.
Description
4
Amendment to the Amended and Restated Scholastic Corporation Management Stock Purchase Plan
5
Opinion of Baker & McKenzie LLP
23.1
Consent
      of Ernst & Young LLP
23.2
Consent
      of Baker & McKenzie LLP (included in Exhibit 5)