EDUCATIONAL DEVELOPMENT CORP Files 8-K for Other Events
Ticker: EDUC · Form: 8-K · Filed: Jan 17, 2024 · CIK: 31667
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, compliance, other-events
TL;DR
**EDC filed a routine 8-K for 'Other Events' on Jan 17, showing basic compliance.**
AI Summary
EDUCATIONAL DEVELOPMENT CORPORATION (EDC) filed an 8-K on January 17, 2024, reporting an event that occurred on January 12, 2024. This filing is a standard 'Other Events' disclosure, indicating a non-material event that the company deems important enough to report. For investors, this filing itself doesn't reveal specific financial or operational changes, but it signals that EDC is actively complying with SEC regulations, which is a positive sign of transparency and good governance.
Why It Matters
This filing demonstrates EDUCATIONAL DEVELOPMENT CORPORATION's commitment to regulatory compliance, which can build investor confidence in the company's transparency and governance practices.
Risk Assessment
Risk Level: low — This 8-K is a routine administrative filing and does not disclose any specific events that would inherently increase or decrease risk.
Analyst Insight
A smart investor would note this as a routine compliance filing and look for more substantive 8-K filings (e.g., Item 2.01, 2.02, 5.02) for material information that could impact the stock price.
Key Numbers
- 000-04957 — Commission File Number (Identifies the company's specific filing record with the SEC.)
- 73-0750007 — I.R.S Employer Identification No. (A unique tax identification number for the company.)
Key Players & Entities
- EDUCATIONAL DEVELOPMENT CORPORATION (company) — the registrant filing the 8-K
- January 17, 2024 (date) — the filing date of the 8-K
- January 12, 2024 (date) — the date of the earliest event reported
- Delaware (company) — state of incorporation for EDUCATIONAL DEVELOPMENT CORPORATION
- 000-04957 (dollar_amount) — Commission File Number
- 73-0750007 (dollar_amount) — I.R.S Employer Identification No.
- 5402 S 122nd E Avenue, Tulsa, Oklahoma 74146 (company) — principal executive offices address
- (918) 622-4522 (dollar_amount) — registrant's telephone number
Forward-Looking Statements
- EDUCATIONAL DEVELOPMENT CORPORATION will continue to file routine compliance documents. (EDUCATIONAL DEVELOPMENT CORPORATION) — high confidence, target: 2025-01-17
- No significant operational or financial news will be immediately apparent from this specific 8-K. (EDUCATIONAL DEVELOPMENT CORPORATION) — high confidence, target: 2024-02-17
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is EDUCATIONAL DEVELOPMENT CORPORATION.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported was January 12, 2024.
Where are EDUCATIONAL DEVELOPMENT CORPORATION's principal executive offices located?
The principal executive offices of EDUCATIONAL DEVELOPMENT CORPORATION are located at 5402 S 122nd E Avenue, Tulsa, Oklahoma 74146.
What is the Commission File Number for EDUCATIONAL DEVELOPMENT CORPORATION?
The Commission File Number for EDUCATIONAL DEVELOPMENT CORPORATION is 000-04957.
Under which item information category was this 8-K filed?
This 8-K was filed under the 'Other Events' item information category.
Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-01-17 16:00:50
Key Financial Figures
- $0.20 — e its shares of common stock, par value $0.20 per share (the " Common Stock "), have
- $1.00 — ommon Stock "), have been selling below $1.00 per share during the period between Oct
Filing Documents
- edc20240117_8k.htm (8-K) — 21KB
- 0001185185-24-000088.txt ( ) — 153KB
- educ-20240112.xsd (EX-101.SCH) — 3KB
- educ-20240112_def.xml (EX-101.DEF) — 10KB
- educ-20240112_lab.xml (EX-101.LAB) — 19KB
- educ-20240112_pre.xml (EX-101.PRE) — 11KB
- edc20240117_8k_htm.xml (XML) — 2KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS On December 5, 2023, Educational Development Corporation (the " Company ") received a deficiency letter from NASDAQ Regulation (the " NASDAQ ") indicating that the Company is not in compliance with the NASDAQ continued Listing Rules ("Rules") set forth in Section 5450(a)(1) because its shares of common stock, par value $0.20 per share (the " Common Stock "), have been selling below $1.00 per share during the period between October 23, 2023, and December 3, 2023. However, as also indicated in the deficiency letter, the Rules provide the Company a compliance period of 180 calendar days to regain compliance. On January 12, 2024, the Company received notice from NASDAQ stating that for the last 10 consecutive business days, from December 28, 2023, through January 11, 2024, the closing price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1) and this deficiency is cured. SIGNATURE Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Educational Development Corporation By: /s/ Dan O'Keefe Dan O'Keefe Chief Financial Officer Date: January 17, 2024