{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000909","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2024-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.482668+00:00","generated_at":"2026-05-31T02:36:18.058647+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Educational Development Corp sells headquarters for $38.25M and enters 15-year leaseback","bullets":["Sale price of $38.25M; proceeds to pay off Term Loans and Revolving Loan under Credit Agreement.","EDC will lease back 218,200 sq ft for 15 years at initial $8.52/sq ft with 2.5% annual escalations.","Existing Hilti tenant lease for 183,800 sq ft assigned to Buyer; EDC retains sublease for 110,000 sq ft to Crusoe Energy.","17 acres of undeveloped land excluded from sale; EDC retains ownership and grants Buyer right of first refusal.","Buyer has 75-day due diligence from Sep 19; closing expected 30 days after due diligence period."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000909","json":"https://secwatch.observer/filing/0001185185-24-000909.json","markdown":"https://secwatch.observer/filing/0001185185-24-000909.md","text":"https://secwatch.observer/filing/0001185185-24-000909.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000909/0001185185-24-000909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000909/edc20240923_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T02:36:18.058647+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"}