# EDGAR Filing Document

**Accession Number:** 0000031667
**File Stem:** 0001185185-25-000878
**Filing Date:** 2025-7
**Character Count:** 7017
**Document Hash:** 5733b94dcd39456d59368a26056343ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-25-000878.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001185185-25-000878

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250728

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EDUCATIONAL DEVELOPMENT CORP
- **CENTRAL INDEX KEY:** 0000031667
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 730750007
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-04957
- **FILM NUMBER:** 251172172

**BUSINESS ADDRESS:**
- **STREET 1:** 5402 SOUTH 122ND EAST AVE
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74146
- **BUSINESS PHONE:** 918-622-4522

**MAIL ADDRESS:**
- **STREET 1:** 5402 SOUTH 122ND EAST AVE
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74146

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TUTOR TAPES INTERNATIONAL CORP
- **DATE OF NAME CHANGE:** 19701030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERNATIONAL TEACHING TAPES INC
- **DATE OF NAME CHANGE:** 19701030

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**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): July 31, 2025 (July 28, 2025)

**<u>EDUCATIONAL DEVELOPMENT CORPORATION</u>**

(*Exact name of registrant as specified in its charter*)

---

| | | |
|:---|:---|:---|
| **Delaware** | **000-04957** | **73-0750007** |
| (State or Other Jurisdiction <br> of Incorporation) | (Commission File Number) | (I.R.S Employer <br> Identification No.) |

---

**<u>5402 S 122nd E Avenue, Tulsa, Oklahoma 74146</u>**

(*Address of principal executive offices and Zip Code*)

**<u>(918) 622-4522</u>**

(*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 1.02 TERMINATION OF A MATERIAL AGREEMENT**

On July 28, 2025, Educational Development Corporation ("EDC", the "Company" or "Seller") received notice from TG OTC, LLC ("Buyer") that they terminated the original purchase agreement dated May 14, 2025.

The foregoing descriptions are a summary of the material terms of the Contract and are not complete. These descriptions are qualified in all respects.

**ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS**

(d) EXHIBITS

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| 99.1 | [Press Release dated July 31, 2025](educex99-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

**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** | **Educational Development Corporation** |
| By: | /s/ Craig M. White |
|  | Craig M. White |
|  | President and Chief Executive Officer |

---

Date: July 31, 2025

## Exhibit 99.1

**Exhibit 99.1**

<u>EDUCATIONAL DEVELOPMENT CORPORATION</u>

<u>ANNOUNCES TERMINATION OF SALE AND LEASEBACK OF HILTI COMPLEX WITH TG OTC, LLC</u>

TULSA, OK, July 31, 2025 Educational Development Corporation ("EDC", the "Company" or "Seller") (NASDAQ: EDUC) (http://www.edcpub.com) today announced that on July 28, 2025, the Company received notice from TG OTC, LLC ("Purchaser" or "Buyer") that they exercised their right to terminate the Purchase and Sale agreement, to purchase the Company's headquarters and distribution warehouse located at 5400-5402 South 122<sup>nd</sup> East Avenue, Tulsa, Oklahoma 74146 (the "Hilti Complex"). The original purchase agreement was executed on May 14, 2025.

Per Craig White, President and Chief Executive Officer, "We recently received notification from TG OTC, LLC that they exercised their right to terminate the agreement at the end of the due diligence period. We continue to work diligently with our brokers, bank advisor, and bank to evaluate other offers received during the initial marketing period and new potential offers. We are also evaluating other financing options. Keep in mind that when we first listed the Hilti Complex for sale we owed approximately $28.9 million on the complex. Since then, we have paid down our debts owned on the complex by $2.8 million and currently owe $26.1 million, further improving our balance sheet and the net value of the complex."

**About Educational Development Corporation (EDC)**

EDC began as a publishing company specializing in books for children. EDC is the owner and exclusive publisher of Kane Miller Books ("Kane Miller"); Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor of Usborne Publishing Limited ("Usborne") children's books. EDC-owned products are sold via 4,000 retail outlets and EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools and public libraries, in individual homes, as well as other in-person events and internet sales.

Contact:

Educational Development Corporation

Craig White, (918) 622-4522