{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000630","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2024-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.531584+00:00","generated_at":"2026-06-01T04:55:56.909137+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EDC sells headquarters for $35.5M, enters 10-year leaseback; proceeds to pay off bank loans","bullets":["Sale price of Hilti Complex: $35,500,000; proceeds used to pay off Term Loans and Revolving Loan.","10-year triple-net lease at $8.72/sq ft initial, 2% annual escalations starting year six.","16.75 acres of undeveloped land adjacent retained by EDC.","Interest savings on reduced borrowings expected to exceed monthly rent, improving cash flow.","Closing 30 days after 60-day due diligence period; no financing contingency."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000630","json":"https://secwatch.observer/filing/0001185185-24-000630.json","markdown":"https://secwatch.observer/filing/0001185185-24-000630.md","text":"https://secwatch.observer/filing/0001185185-24-000630.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000630/0001185185-24-000630-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000630/edc20240611_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:55:56.909137+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}