{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-000878","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.037038+00:00","generated_at":"2026-05-17T22:32:01.315935+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"EDC terminates sale-leaseback of Hilti Complex after buyer backs out","bullets":["TG OTC, LLC terminated the purchase agreement for EDC's HQ and warehouse on July 28, 2025, after due diligence.","EDC had originally owed $28.9M on the complex; has paid down $2.8M, now owes $26.1M.","Company is evaluating other offers received during initial marketing and pursuing additional financing options.","CEO Craig White highlighted improved balance sheet and net value of the complex despite termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-000878","json":"https://secwatch.observer/filing/0001185185-25-000878.json","markdown":"https://secwatch.observer/filing/0001185185-25-000878.md","text":"https://secwatch.observer/filing/0001185185-25-000878.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518525000878/0001185185-25-000878-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518525000878/educ8k073125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:32:01.315935+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"}