01/08/2026 | Press release | Distributed by Public on 01/08/2026 15:36
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 5, 2026, McGraw Hill, Inc. (the "Company") appointed Brian Van Dam as its Chief Accounting Officer, a newly-created position at the Company, and as principal accounting officer of the Company, each effective as of the same date.
Mr. Van Dam, age 52, most recently served as Vice President, Controller of Array Corporation from February 2025 to July 2025. From August 2021 to February 2025, he held positions at Transfix, Inc., including as Senior Vice President, Controller, and from April 2018 to July 2021, he held positions at Xerox Corporation, including as a special projects consultant.
Mr. Van Dam will (i) receive an annual base salary of $350,000 and (ii) be eligible for a target annual bonus opportunity under the Company's Annual Incentive Plan (the "Plan") equal to 45% of his annual base salary, subject to the actual achievement of annual performance objectives established under the Plan for the applicable fiscal year (including, on a prorated basis, for the fiscal year ending March 31, 2026). In addition, Mr. Van Dam is entitled to a sign-onbonus in the amount of $20,000, subject to repayment if Mr. Van Dam's employment is terminated for "cause" or he voluntarily resigns, in each case, within 12 months of his start date. Separately, Mr. Van Dam will be eligible to receive grants of equity or equity-based awards, as may be determined by the Company's Board of Directors or the Compensation Committee from time to time.
There is no arrangement or understanding between Mr. Van Dam and any other person pursuant to which Mr. Van Dam was selected for this role. Mr. Van Dam is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K,and he has no family relationships with any of the Company's current directors or executive officers.
Muhammad Ali Jamal will continue in his current position as Senior Vice President, Controller of the Company, but effective as of January 5, 2026, no longer serves as the Company's principal accounting officer as a result of Mr. Van Dam's appointment.