NOTE 20. SUBSEQUENT EVENTS

Dividends Declared

On March 27, 2026, our Board declared a quarterly dividend in the amount of $ 0.075 per share, payable on May 1, 2026, to stockholders of record on April 20, 2026.

Settlement Agreement

Subsequent to the close of the third quarter of fiscal 2026, Barnes & Noble Education entered into a final settlement agreement dated February 4, 2026 (the “Settlement Agreement”), resolving litigation related to interchange fees in which Barnes & Noble Education had previously sold a participation interest to Jefferies pursuant to the Sale Agreement (see Note 11. Participation Interest Purchase Agreement). Pursuant to the terms of the Sale Agreement, Jefferies is entitled to all proceeds from the Settlement Agreement, and such proceeds were delivered to Jefferies in early March 2026. Because the Settlement Agreement was executed and funded after the close of the third quarter, the settlement represents a non-recognized subsequent event. The Company will recognize the related deferred income from the proceeds of the Sale Agreement in the fourth quarter of fiscal year 2026.