Educational Development Corp Signs Material Definitive Agreement
Ticker: EDUC · Form: 8-K · Filed: Jan 27, 2025 · CIK: 31667
Sentiment: neutral
Topics: material-agreement
TL;DR
EDC signed a big deal on Jan 21st, terms TBD.
AI Summary
Educational Development Corporation entered into a Material Definitive Agreement on January 21, 2025. The filing does not disclose the specific terms or parties involved in this agreement, only that it is a significant event for the company.
Why It Matters
This filing indicates a significant new contract or partnership for Educational Development Corporation, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its impact on the company.
Key Players & Entities
- EDUCATIONAL DEVELOPMENT CORP (company) — Registrant
- January 21, 2025 (date) — Date of earliest event reported
- January 27, 2025 (date) — Date of report
FAQ
What is the nature of the Material Definitive Agreement entered into by Educational Development Corporation?
The filing states that Educational Development Corporation entered into a Material Definitive Agreement on January 21, 2025, but does not provide specific details about its terms or the parties involved.
When was the Material Definitive Agreement entered into?
The Material Definitive Agreement was entered into on January 21, 2025.
What is the filing date for this 8-K report?
This 8-K report was filed on January 27, 2025.
What is the principal executive office address for Educational Development Corporation?
The principal executive offices are located at 5402 S 122nd East Avenue, Tulsa, Oklahoma 74146.
What is the IRS Employer Identification Number for Educational Development Corporation?
The IRS Employer Identification Number is 73-0750007.
Filing Stats: 514 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-27 16:00:54
Filing Documents
- edc20250127_8k.htm (8-K) — 21KB
- 0001185185-25-000045.txt ( ) — 140KB
- educ-20250121.xsd (EX-101.SCH) — 3KB
- educ-20250121_lab.xml (EX-101.LAB) — 19KB
- educ-20250121_pre.xml (EX-101.PRE) — 11KB
- edc20250127_8k_htm.xml (XML) — 3KB
01 ENTRY INTO A MATERIAL AGREEMENT
ITEM 1.01 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 Company received a draft of the proposed Amendment from the Buyer on January 24, 2025. The terms of the Amendment include an extension for 30 days and a delay on the earnest money deposit, among other items. The Company is currently evaluating the proposed amendment. The foregoing descriptions are a summary of the material terms of the Amendment and are not complete. These descriptions are qualified in all respects subject to the actual provisions of the sale Contract and Lease with the Buyer. 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: January 27, 2025