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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
RESULTS OF OPERATIONS AND FINANCIAL CONDITION On May 19, 2026, Educational Development Corporation announced, via press release, fiscal 2026 and fiscal fourth quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On March 6, 2026, Educational Development Corporation (the “Company”) executed a Credit Agreement (“Loan Agreement”) with Regent (the “Lender”). The Loan Agreement establishes a revolving promissory note in the principal amount up to $2,000,000 (the “Revolving Loan”). Features of the Credit Agreement include: (i) $2.0 million Revolving Loan with 1 year maturity date of March 6, 2027 (ii) Revolving Loan bears interest at the higher rate of the Prime R…
RESULTS OF OPERATIONS AND FINANCIAL CONDITION On January 8, 2026, Educational Development Corporation announced, via press release, fiscal 2026 third quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT On October 27, 2025, Educational Development Corporation repaid in full all outstanding indebtedness and terminated all commitments and obligations under its Credit Agreement dated August 9, 2022 between the Company and BOKF, NA. The Company’s payment to BOKF, NA, including interest, was approximately $30.0 million, which satisfies all of the Company’s debt obligations with BOKF, NA. The Company did not incur any early termination penalties as a…
ENTRY INTO A MATERIAL AGREEMENT On October 27, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) completed the sale and leaseback of the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”) to 10Mark 10K Industrial, LLC, a Delaware limited liability company (“Buyer”). The agreed upon sale price of the Hilti Complex per the executed Contract totaled $32,200,000. The proceeds from…
RESULTS OF OPERATIONS AND FINANCIAL CONDITION On October 9, 2025, Educational Development Corporation announced, via press release, fiscal 2026 second quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ENTRY INTO A MATERIAL AGREEMENT On August 18, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) executed a Commercial Real Estate Sale Contract (“Contract”) with a Buyer for the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”). The Company did not disclose the name of the buyer at that time as there was an initial 45-day due diligence period where the buyer, at their option,…
ENTRY INTO A MATERIAL AGREEMENT On August 18, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) executed a Commercial Real Estate Sale Contract (“Contract”) with a Buyer for the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”). The agreed upon sale price of the Hilti Complex per the executed Contract totaled $32,500,000. The proceeds from the sale will be utilized to pay off…
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On August 12, 2025, Educational Development Corporation (the “Company”) executed the Ninth Amendment (“Amendment”) to the Existing Credit Agreement (“Amendment”) with BOKF, NA (the “Lender”). The Amendment, effective July 11, 2025, extends the maturity date of the Revolving Loan to September 19, 2025. The foregoing description of the Amendment is not complete and is qualified in all respects subject to the actual provisions of the Amendment, a copy o…
TERMINATION OF A MATERIAL AGREEMENT On July 28, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) received notice from TG OTC, LLC (“Buyer”) that they terminated the original purchase agreement dated May 14, 2025. The foregoing descriptions are a summary of the material terms of the Contract and are not complete. These descriptions are qualified in all respects.
RESULTS OF OPERATIONS AND FINANCIAL CONDITION On July 7, 2025, Educational Development Corporation announced, via press release, fiscal 2026 first quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On June 26, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) (NASDAQ: EDUC) (http://www.edcpub.com) executed the First Amendment (“Amendment”) to the Existing Commercial Real Estate Contract (“Contract”) with TG OTC, LLC ("Purchaser" or “Buyer”) dated May 14, 2025, for the sale of the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”)…
RESULTS OF OPERATIONS AND FINANCIAL CONDITION On May 19, 2025, Educational Development Corporation announced, via press release, fiscal 2025 and fiscal fourth quarter financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. 1
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 14, 2025 the Board of Directors of the Company unanimously approved adding Steven Hooser to the Company’s Board of Directors. Steven Hooser is a partner with Three Part Advisors, an investor relations firm, and has been engaged as the Investor Relations advisor for the Company for the past 3 years. Three Part Advisors will no longer provide…
ENTRY INTO A MATERIAL AGREEMENT On May 14, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) executed a Purchase and Sale Agreement (“Agreement”) with TG OTC, LLC (“Buyer”) for the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”). The agreed upon sale price of the Hilti Complex per the executed Agreement totaled $35,150,000 less seller fees and closing costs. The proceeds fro…
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On April 16, 2025, Educational Development Corporation (the “Company”) executed the Eighth Amendment (“Amendment”) to the Existing Credit Agreement (“Amendment”) with BOKF, NA (the “Lender”). The Amendment, effective April 4, 2025, extends the maturity date of the Revolving Loan to July 11, 2025 and includes a required step downs on the Revolving Loan to $4.5 million by May 31, 2025. The Amendment also extends the maturity dates of the two term loans…
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On March 21, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) (NASDAQ: EDUC) (http://www.edcpub.com) executed a new brokerage agreement (“Agreement”) with Keen-Summit Capital Partners, LLC (“Keen Summit”) to assist with the marketing and sale of the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”). The Agreement offers Keen-Summit t…
ENTRY INTO A MATERIAL AGREEMENT On January 21, 2025, Educational Development Corporation (“EDC”, the “Company” or “Seller”) received verbal confirmation from Partner Holdings (“Buyer”) of their request to execute an amendment (“Amendment”) to extend the due diligence period on the Commercial Real Estate Contract (“Contract”) for the purchase of the Company’s headquarters and distribution warehouse located at 5400-5402 South 122 nd East Avenue, Tulsa, Oklahoma 74146 (the “Hilti Complex”). The…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 8, 2025, at its regularly scheduled quarterly board meeting, the Board was presented notice of Randall White’s resignation from acting Director and Chairman of the Board “Chairman,” effective January 8, 2025. Mr. White was a Class III Director elected to serve through the 2025 annual meeting of shareholders. Mr. White confirmed there wer…
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