---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-001282"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:33:23.641951+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Educational Development receives Nasdaq deficiency notices for bid price and board independence

## Summary
- Bid price below $1.00 from Oct 23 to Dec 3, 2023; 180-day cure period granted.
- Second deficiency: lack of majority independent directors and audit committee; cure by Nov 10, 2024 or May 8, 2024.
- No immediate delisting; shares continue trading on Nasdaq under EDUC.
- Company engaged with Nasdaq and developing plans to regain compliance.

## SEC filing metadata
- accession: 0001185185-23-001282
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518523001282/0001185185-23-001282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518523001282/edc20231206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-001282
- JSON: https://secwatch.observer/filing/0001185185-23-001282.json
- Plain text: https://secwatch.observer/filing/0001185185-23-001282.txt

## Key facts
- Listing & Compliance Notices
  EDUCATIONAL DEVELOPMENT CORP received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(A)(i)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(A)(i)
  source text: December 5, 2023, Educational Development Corporation (the “ Company ”) received a deficiency letter (the “1 st Deficiency Letter ”) from NASDAQ Regulation (the “ NASDAQ ”) indicating that the Company is not in compliance with the NASDAQ continued Listing Rules (“Rules”) set forth in Section 5450(A)(i) because its shares of common stock, par value $0.20 per share (the “ Common Stock ”), have been selling below $1.00 per share during the period between October 23,2023 and December 3, 2023. However, as also indicated in the 1 st Deficiency Letter, the Rules provide the Company a compliance perio
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518523001282/0001185185-23-001282-index.htm
- Listing & Compliance Notices
  EDUCATIONAL DEVELOPMENT CORP received a nasdaq deficiency notice notice regarding board independence (rules 5605).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: board independence
  - Rules: 5605
  source text: December 5, 2023, Educational Development Corporation (the “ Company ”) received a deficiency letter (the “1 st Deficiency Letter ”) from NASDAQ Regulation (the “ NASDAQ ”) indicating that the Company is not in compliance with the NASDAQ continued Listing Rules (“Rules”) set forth in Section 5450(A)(i) because its shares of common stock, par value $0.20 per share (the “ Common Stock ”), have been selling below $1.00 per share during the period between October 23,2023 and December 3, 2023. However, as also indicated in the 1 st Deficiency Letter, the Rules provide the Company a compliance perio
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518523001282/0001185185-23-001282-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.