Educational Development Corp Files 8-K on Material Agreement

TL;DR

EDC filed an 8-K for a material definitive agreement on 8/18. Check it out.

AI Summary

Educational Development Corporation filed an 8-K on August 21, 2025, reporting a material definitive agreement entered into on August 18, 2025. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and its principal executive offices are located in Tulsa, Oklahoma.

Why It Matters

This filing indicates a significant business transaction or event for Educational Development Corporation, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: low — The filing is a standard 8-K reporting a material definitive agreement and financial statements, with no immediate indication of significant financial distress or unusual risk.

Key Players & Entities

• EDUCATIONAL DEVELOPMENT CORPORATION (company) — Registrant
• August 21, 2025 (date) — Filing Date
• August 18, 2025 (date) — Date of Earliest Event Reported
• Delaware (jurisdiction) — State of Incorporation
• Tulsa, Oklahoma (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $32,500,000 — mplex per the executed Contract totaled $32,500,000. The proceeds from the sale will be uti
• $8.00 — ars, and the initial lease rate will be $8.00 per square foot, with 2.5% annual escal

Filing Documents

• educ8k082125.htm (8-K) — 33KB
• educex99-1.htm (EX-99.1) — 9KB
• 0001185185-25-001053.txt ( ) — 206KB
• educ-20250818.xsd (EX-101.SCH) — 3KB
• educ-20250818_lab.xml (EX-101.LAB) — 33KB
• educ-20250818_pre.xml (EX-101.PRE) — 22KB
• educ8k082125_htm.xml (XML) — 3KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 21, 2025 ( August 18, 2025 ) EDUCATIONAL DEVELOPMENT CORPORATION ( Exact name of registrant as specified in its charter ) Delaware 000-04957 73-0750007 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S Employer Identification No.) 5402 S 122nd E Avenue , Tulsa , Oklahoma 74146 ( Address of principal executive offices and Zip Code ) ( 918 ) 622-4522 ( Registrant ' s telephone number, including area code ) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Common Stock, $.20 par value EDUC NASDAQ (Title of class) (Trading symbol) (Name of each exchange on which registered) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ITEM 1.01 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 the Term Loans and Revolving Loan outstanding in the Credit Agreement with the Company's Bank. At closing, EDC will assign the existing third-party tenant leases to the Buyer and will execute a separate Triple-Net Lease (the "Lease") for its occupied space in the Hilti Complex. The Agreement provides the buyer with an initial due diligence period of 45 days to complete inspections after which the earnest money in the agreement becomes non-refundable. The Buyer will then have 45 days to complete the purchase. The terms of the lease will be 10 years, and the initial lease rate will be $8.00 per square foot, with 2.5% annual escalations. The Seller will also have two five-year renewal and extension options with 2.5% increases annually in the base rental rate of the preceding year. The Lease will also include triple-net terms, where the Seller and other tenants will be responsible for utilities, insurance, property taxes, and regular maintenance.. The foregoing descriptions are a summary of the material terms of the Contract 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. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) EXHIBITS Exhibit Number Description 99.1 Press Release dated August 21, 2025 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) 1 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: August 21, 2025 2

View Full Filing

View this 8-K filing on SEC EDGAR