Educational Development Corp Files Material Definitive Agreement
Ticker: EDUC · Form: 8-K · Filed: Oct 7, 2025 · CIK: 31667
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
EDC signed a big deal on Oct 1st, details TBD.
AI Summary
Educational Development Corporation (EDC) entered into a Material Definitive Agreement on October 1, 2025. The filing, dated October 7, 2025, does not provide specific details about the agreement or any associated financial figures. The company, formerly known as Tutor Tapes International Corp, is incorporated in Delaware and headquartered in Tulsa, Oklahoma.
Why It Matters
This filing indicates a significant new contract or partnership for Educational Development Corporation, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- EDUCATIONAL DEVELOPMENT CORP (company) — Registrant
- October 1, 2025 (date) — Earliest event reported
- October 6, 2025 (date) — Date of earliest event reported
- October 7, 2025 (date) — Filing date
- TULSA, OKLAHOMA (location) — Principal executive offices
- Tutor Tapes International Corp (company) — Former company name
FAQ
What is the nature of the Material Definitive Agreement entered into by Educational Development Corporation?
The filing does not specify the details of the Material Definitive Agreement.
When was the Material Definitive Agreement entered into?
The Material Definitive Agreement was entered into on October 1, 2025.
What is the filing date of this 8-K report?
This 8-K report was filed on October 7, 2025.
Where are Educational Development Corporation's principal executive offices located?
Educational Development Corporation's principal executive offices are located at 5402 S 122nd East Avenue, Tulsa, Oklahoma 74146.
What were Educational Development Corporation's former company names?
Educational Development Corporation was formerly known as Tutor Tapes International Corp and International Teaching Tapes Inc.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2025-10-06 17:35:17
Key Financial Figures
- $32,200,000 — purchase price of the Hilti Complex to $32,200,000. October 6, 2025, the Company received
Filing Documents
- educ8k100625.htm (8-K) — 33KB
- educex99-1.htm (EX-99.1) — 6KB
- 0001185185-25-001395.txt ( ) — 201KB
- educ-20251001.xsd (EX-101.SCH) — 3KB
- educ-20251001_lab.xml (EX-101.LAB) — 33KB
- educ-20251001_pre.xml (EX-101.PRE) — 22KB
- educ8k100625_htm.xml (XML) — 3KB
01 ENTRY INTO A MATERIAL AGREEMENT
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 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, could terminate the agreement. On October 1, 2025, the Company and 10Mark 10K Industrial, LLC, a Delaware limited liability company ("Buyer") executed the 1 st Amendment to the Contract extending the term of the initial 45-day due diligence period from October 2, 2025 to October 6, 2025 and reduced the purchase price of the Hilti Complex to $32,200,000. October 6, 2025, the Company received the Buyer's Notice to proceed pursuant to the Purchase Agreement. This notice to proceed, subject to certain conditions, waives the Buyer's right to the escrow in the Agreement. The purchase is expected to be completed in the next 45 days as outlined in the original Contract. 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 October 6, 2025 104 Cover Page Interactive Data File (formatted as Inline XBRL) 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: October 6, 2025 2