{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-001554","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2025-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.699544+00:00","generated_at":"2026-05-17T02:02:55.815284+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Educational Development Corp sells HQ for $32.2M, repays $30M bank debt, enters sale-leaseback","bullets":["Sale of Hilti Complex for $32.2M to 10Mark 10K Industrial; proceeds repaid all BOKF debt (~$30M).","Executed 10-year triple-net lease at $8/sq ft with 2.5% annual escalations; two 5-year renewal options.","Annual cash flow expected to improve ~$1.0M after lease payments and rental income from other tenants.","Retained 17-acre excess land valued at $2.0M; no early termination penalties incurred.","CEO Craig White says transaction strengthens cash flow and allows company to return to normal operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-001554","json":"https://secwatch.observer/filing/0001185185-25-001554.json","markdown":"https://secwatch.observer/filing/0001185185-25-001554.md","text":"https://secwatch.observer/filing/0001185185-25-001554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518525001554/0001185185-25-001554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518525001554/educ8k102825.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:02:55.815284+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"}