{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-001053","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2025-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.037454+00:00","generated_at":"2026-05-17T10:58:16.808383+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"EDC sells headquarters for $32.5M in sale-leaseback to repay bank debt","bullets":["Sale price $32.5M for 402,000 sq ft complex; proceeds to pay off Term Loans and Revolving Loan from bank.","EDC will lease back its occupied space for 10 years at $8.00/sq ft with 2.5% annual escalations; two five-year renewal options.","Buyer has 45-day due diligence; no financing contingency; closing 45 days after diligence period.","Existing third-party tenant leases (Hilti, Crusoe AI) assigned to buyer; excess land parcel retained by EDC.","CEO expects reduced borrowings, interest savings exceed rent, improving monthly cash flows."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-001053","json":"https://secwatch.observer/filing/0001185185-25-001053.json","markdown":"https://secwatch.observer/filing/0001185185-25-001053.md","text":"https://secwatch.observer/filing/0001185185-25-001053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518525001053/0001185185-25-001053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518525001053/educ8k082125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:58:16.808383+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"}