HMHC - HMHC STOCK NEWS

The 2022 Educator Confidence Report by Houghton Mifflin Harcourt reveals a significant decline in educator confidence, now at an all-time low of 40.0, compared to 49.0 in 2020. 81% of educators believe technology is crucial for teaching, with 73% noting its increased integration since the pandemic. Key concerns include mental health (78%) and adequate classroom funding (64%). To improve retention and appeal to new educators, 90% call for better salaries, while 67% seek enhanced well-being support. The report emphasizes the need for connection, community, and personalization in education.

HMH has launched a new connected teaching and learning solution that integrates Amira Learning and Saxon Phonics & Spelling, aimed at enhancing foundational literacy for K-2 students. This solution combines evidence-based instruction with AI-driven tutoring, catering to diverse reading proficiency levels. It's designed to provide explicit phonics instruction alongside personalized reading support. The initiative aims to improve reading outcomes, with recent data indicating that students utilizing Amira show nearly double the reading growth compared to non-users.

HMH has appointed Benita Flucker as the new Chief Equity and Inclusion Officer, effective July 26, 2022. Flucker, who previously served as senior vice president, will spearhead initiatives focused on equity in curriculum and services while advising HMH's employee resource groups. This move reflects HMH's commitment to diversity, equity, and inclusion across its operations, ensuring that its educational materials resonate with all students. Flucker aims to strengthen HMH's mission to create inclusive educational experiences, emphasizing her extensive experience in the learning technology sector.

Houghton Mifflin Harcourt (HMHC) announced the appointment of Dr. Joshua P. Starr as the new Managing Partner of the International Center for Leadership in Education (ICLE) on July 21, 2022. Dr. Starr, previously CEO of PDK International, brings extensive experience in school transformation. He aims to enhance educational outcomes across districts, focusing on equity and excellence. His leadership follows ICLE's successful 30th Annual Model Schools Conference, which gathered over 5,500 educators to discuss innovative practices in K-12 education.

The International Center for Leadership in Education (ICLE), part of HMH, will honor the 2022 Model Schools, Innovative Districts, and Epic Educators at the 30th Annual Model Schools Conference from June 26-29 in Orlando, Florida. Key representatives from 14 states will share strategies for improving student outcomes, focusing on technology and equity in education. Featured speakers include Dr. Tammi Marie Phillip and members of the Disney Institute, who will provide insights into educational innovation. This year's conference aims to unite educators around transformative practices and effective leadership.

On April 21, 2022, HMH announced that three of its digital solutions—Amira, Waggle, and Writable with HMH Into Literature—are finalists for the 2022 CODiE Awards, emphasizing excellence in educational technology. Amira is recognized for its innovation as a virtual learning solution; Waggle for its gamified learning approach for grades K-8; and Writable for its reading and writing instructional capabilities for high school students. These nominations reinforce HMH's commitment to creating impactful educational tools for over 50 million students.

Houghton Mifflin Harcourt (HMH) has successfully completed its sale to Veritas Capital, achieving an equity value of approximately $2.8 billion through a tender offer of $21 per share. This strategic move positions HMH to enhance its digital transformation and growth, with Veritas as a supportive partner. The transaction involved 72,926,195 shares, about 57% of HMH's outstanding shares, leading to HMH becoming a wholly-owned subsidiary of Veritas. HMH's stock has ceased trading under the ticker symbol HMHC.