Educational Development Corp Files 8-K
Ticker: EDUC · Form: 8-K · Filed: May 30, 2024 · CIK: 31667
Sentiment: neutral
Topics: 8-K, financial-reporting
TL;DR
EDC filed an 8-K on 5/30 for events on 5/26, mostly financial docs.
AI Summary
Educational Development Corporation filed an 8-K on May 30, 2024, reporting on events that occurred on May 26, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.
Why It Matters
This filing indicates routine corporate reporting, likely related to financial statements or exhibits, which is standard for publicly traded companies.
Risk Assessment
Risk Level: low — The filing appears to be routine and does not disclose any significant new risks or material adverse events.
Key Numbers
- 000-04957 — SEC File Number (Identifies the company's filing history with the SEC.)
- 73-0750007 — I.R.S Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- EDUCATIONAL DEVELOPMENT CORP (company) — Registrant
- May 30, 2024 (date) — Date of Report
- May 26, 2024 (date) — Date of earliest event reported
- TULSA, OKLAHOMA (location) — Principal executive offices location
FAQ
What specific financial statements or exhibits are being filed?
The provided text states that the filing concerns 'Financial Statements and Exhibits' but does not list the specific documents included.
What events occurred on May 26, 2024, that are being reported?
The filing indicates May 26, 2024, as the date of the earliest event reported, but the specific nature of these events is not detailed in the provided excerpt.
What is the primary business of Educational Development Corporation?
The filing lists the Standard Industrial Classification as 'WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]'.
Where are Educational Development Corporation's principal executive offices located?
The principal executive offices are located at 5402 S 122nd East Avenue, Tulsa, Oklahoma 74146.
Has the company undergone any name changes?
Yes, the company was formerly known as TUTOR TAPES INTERNATIONAL CORP and INTERNATIONAL TEACHING TAPES INC, with name changes occurring in 1970.
Filing Stats: 572 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-30 16:48:14
Key Financial Figures
- $9.05 — years. The initial lease rate shall be $9.05 per rentable square foot, with 3% escal
Filing Documents
- edc20240530_8k.htm (8-K) — 23KB
- ex_681745.htm (EX-99.1) — 6KB
- 0001185185-24-000600.txt ( ) — 164KB
- educ-20240526.xsd (EX-101.SCH) — 3KB
- educ-20240526_def.xml (EX-101.DEF) — 10KB
- educ-20240526_lab.xml (EX-101.LAB) — 19KB
- educ-20240526_pre.xml (EX-101.PRE) — 11KB
- edc20240530_8k_htm.xml (XML) — 3KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS On May 26, 2024, Educational Development Corporation (the "Company" or "Landlord") entered into a triple-net ("NNN") lease (the "Lease") agreement for approximately 111,000 square feet of available office and warehouse space in it's property located at 5402 S. 122 nd East Ave, Tulsa, OK 74146 (the"Hilti Complex") to a new tenant ("Tenant"). The initial lease term is five years, commencing July 1, 2024, and includes an option to extend the lease term for an additional five years. The initial lease rate shall be $9.05 per rentable square foot, with 3% escalations at the beginning of each year of the Lease. The Lease includes standard NNN terms such that the Tenant shall be responsible for utilities, insurance, property taxes and repairs and maintenance, excluding roof and structure, which shall be the Landlords's responsibility. The Lease also includes other terms considered to be normal and customary in the local market. The foregoing descriptions are a summary of the material terms of the Lease and are not complete. These descriptions are qualified in all respects subject to the actual provisions of the Lease agreement.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) EXHIBITS Exhibit Number Description 99.1 Press Release dated May 30, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL) 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/ Craig M. White Craig M. White President and Chief Executive Officer Date: May 30, 2024