---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-24-000895"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T04:05:31.995922+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EDC terminates sale-leaseback of Hilti Complex with Rockford Holdings

## Summary
- Rockford notified EDC on Sept 12, 2024 it could not meet original purchase agreement; parties mutually terminated.
- EDC is re-marketing its Tulsa headquarters and distribution warehouse after updating the offering memorandum.
- Crusoe Energy Systems has leased ~25% of the office/warehouse space; this lease is included in marketing materials.
- CEO White says proposed changes were not in stakeholders' best interest; company expects to find a new buyer soon.

## SEC filing metadata
- accession: 0001185185-24-000895
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518524000895/0001185185-24-000895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518524000895/edc20240918_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000895
- JSON: https://secwatch.observer/filing/0001185185-24-000895.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000895.txt

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