Educational Development Corp signs $35.15M sale-leaseback for HQ; reports FY2025 net loss of $5.3M

EDUCATIONAL DEVELOPMENT CORP

Executed Purchase and Sale Agreement with TG OTC, LLC for Hilti Complex at $35.15M; proceeds to fully pay down all bank debts. Expected close by early September 2025.
Fiscal 2025 net revenues $34.2M (down 33% YoY), net loss $5.3M (vs $0.5M profit in FY2024), diluted EPS ($0.63) vs $0.07.
Fiscal Q4 net revenues $6.6M (down 26% YoY), net loss $1.3M (improved from $1.6M loss), diluted EPS ($0.16) vs ($0.19).
Board adds Steven Hooser (Class I) and Dr. Amy Emerson (Class III); Hooser will no longer serve as Investor Relations advisor.

item 1.01 item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Dr. Amy Emerson

Director

EDUC · EDUCATIONAL DEVELOPMENT CORP

Effective: 2025-05-14
Filed: May 19, 2025, 7:59 PM ET

the Board approved Dr. Amy Emerson as a Class III Director

Appointed

Steven Hooser

Director

EDUC · EDUCATIONAL DEVELOPMENT CORP

Effective: 2025-05-14
Filed: May 19, 2025, 7:59 PM ET

On May 14, 2025 the Board of Directors of the Company unanimously approved adding Steven Hooser to the Company’s Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Amy Emerson was appointed as Director at EDUCATIONAL DEVELOPMENT CORP.

Action: appointed
Role: Director

Exact text from the filing

the Board approved Dr. Amy Emerson as a Class III Director

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Hooser was appointed as Director at EDUCATIONAL DEVELOPMENT CORP.

Action: appointed
Role: Director

Exact text from the filing

On May 14, 2025 the Board of Directors of the Company unanimously approved adding Steven Hooser to the Company’s Board of Directors.

View on SEC.gov

EDUCATIONAL DEVELOPMENT CORP filing history →

Source: SEC EDGAR

accession 0001185185-25-000515

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