Source-grounded facts extracted from EDUCATIONAL DEVELOPMENT CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
EDUCATIONAL DEVELOPMENT CORP reported fiscal fourth quarter ended February 28, 2026 results: revenue $4,178,300, net income $(3,107,000), EPS $(0.37).
“CORPORATION CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended February 28, Twelve Months Ended February 28, 2026 2025 2026 2025 NET REVENUES $ 4,178,300 $ 6,636,300 $ 22,913,600 $ 34,191,000 EARNINGS (LOSS) BEFORE INCOME TAXES (2,096,400 ) (1,530,000 ) 5,346,800 (6,855,000 ) INCOME TAXES 1,010,600 (184,500 ) 3,021,600 (1,591,400 )”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported fiscal year ended February 28, 2026 results: revenue $22,913,600, net income $2,325,200, EPS $0.27.
“Fiscal Year Summary Compared to the Prior Year ● Net revenues of $22.9 million compared to $34.2 million. ● Average active PaperPie Brand Partners totaled 5,800 compared to 12,300. ● Earnings before income taxes totaled $5.3 million. Excluding the gain on the building sale of $12.2 million, loss before income taxes were $(6.9) million. ● Income tax expense was $3.0 million, with an effective tax of 56.5%, due to a one-time valuation allowance of $1.5 million. ● Net earnings totaled $2.3 million. ● Earnings (loss) per share totaled $0.27, compared to a loss of $(0.63), on a fully diluted basis.”
Material Agreements
EDUCATIONAL DEVELOPMENT CORP entered into Loan Agreement with Regent valued at principal amount up to $2,000,000 (effective 2026-03-06).
“On March 6, 2026, Educational Development Corporation (the “Company”) executed a Credit Agreement (“Loan Agreement”) with Regent (the “Lender”). The Loan Agreement establishes a revolving promissory note in the principal amount up to $2,000,000 (the “Revolving Loan”).”
Dr. Amy Emerson was appointed as Director at EDUCATIONAL DEVELOPMENT CORP.
“the Board approved Dr. Amy Emerson as a Class III Director”
Steven Hooser was appointed as Director at EDUCATIONAL DEVELOPMENT CORP.
“On May 14, 2025 the Board of Directors of the Company unanimously approved adding Steven Hooser to the Company’s Board of Directors.”
Craig White was appointed as Chairman at EDUCATIONAL DEVELOPMENT CORP.
“On January 8, 2025, the Board unanimously voted Craig White, Chief Executive Officer and President to fill the vacant Chairman position.”
Randall White resigned as Director and Chairman at EDUCATIONAL DEVELOPMENT CORP.
“On January 8, 2025, at its regularly scheduled quarterly board meeting, the Board was presented notice of Randall White’s resignation from acting Director and Chairman of the Board “Chairman,” effective January 8, 2025.”
Amy Emerson was appointed as Class II Director at EDUCATIONAL DEVELOPMENT CORP.
“On June 28, 2024 the Board of Directors of the Company unanimously approved adding Dr. Amy Emerson to the Company’s Board of Directors.”
Material Agreements
EDUCATIONAL DEVELOPMENT CORP entered into Letter of Intent with Blue Ledge Group valued at $37,750,000 (effective 2024-03-06).
“Effective March 6, 2024, Educational Development Corporation (“EDC”, the “Company” or “Seller”) entered into a Letter of Intent with Blue Ledge Group (“Buyer”) to execute a Purchase and Sale Agreement for the Company’s headquarters and distribution warehouse”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported year-to-date ended November 30, 2023 results: revenue $42.1 million, net income $2.2 million, EPS $0.26.
“Net revenues of $42.1 million, a decrease of $30.7 million, or 42.2%, compared to $72.8 million.”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported third quarter ended November 30, 2023 results: revenue $16.9 million, net income $2.0 million, EPS $0.24.
“Net revenues of $16.9 million, a decrease of $13.4 million, or 44.2%, compared to $30.3 million.”
Material Agreements
EDUCATIONAL DEVELOPMENT CORP amended Fourth Amendment to the Existing Credit Agreement with BOKF, NA valued at $8,000,000 (effective 2023-12-01).
“On December 21, 2023, Educational Development Corporation (the “Company”) executed the Fourth Amendment to the Existing Credit Agreement (“Amendment”) with BOKF, NA (the “Lender”).”
Listing & Compliance Notices
EDUCATIONAL DEVELOPMENT CORP received a nasdaq deficiency notice notice regarding board independence (rules 5605).
“December 5, 2023, Educational Development Corporation (the “ Company ”) received a deficiency letter (the “1 st Deficiency Letter ”) from NASDAQ Regulation (the “ NASDAQ ”) indicating that the Company is not in compliance with the NASDAQ continued Listing Rules (“Rules”) set forth in Section 5450(A)(i) because its shares of common stock, par value $0.20 per share (the “ Common Stock ”), have been selling below $1.00 per share during the period between October 23,2023 and December 3, 2023. However, as also indicated in the 1 st Deficiency Letter, the Rules provide the Company a compliance perio”
Listing & Compliance Notices
EDUCATIONAL DEVELOPMENT CORP received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(A)(i)).
“December 5, 2023, Educational Development Corporation (the “ Company ”) received a deficiency letter (the “1 st Deficiency Letter ”) from NASDAQ Regulation (the “ NASDAQ ”) indicating that the Company is not in compliance with the NASDAQ continued Listing Rules (“Rules”) set forth in Section 5450(A)(i) because its shares of common stock, par value $0.20 per share (the “ Common Stock ”), have been selling below $1.00 per share during the period between October 23,2023 and December 3, 2023. However, as also indicated in the 1 st Deficiency Letter, the Rules provide the Company a compliance perio”
John A. Clerico resigned as Director at EDUCATIONAL DEVELOPMENT CORP.
“On November 10, 2023, Mr. John A. Clerico provided notice of his resignation from the Board of Directors effective November 10, 2023.”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported financial results for second quarter and year-to-date ended August 31, 2023.
“On October 12, 2023, Educational Development Corporation announced, via press release, second quarter and year-to-date fiscal 2024 financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.”
Material Agreements
EDUCATIONAL DEVELOPMENT CORP entered into Contract of Sale of Real Estate with MA Temple Investments LLC valued at Sale price of $5,100,000. Initial lease rate $4.00 per rentable square foot, with 3% annual escalati (effective 2023-09-11).
“Effective September 11, 2023, Educational Development Corporation (the "Company" or "Seller") entered into a Contract of Sale of Real Estate ("Sale Agreement") with MA Temple Investments LLC (the "Buyer"), for the sale of the Company's property located at 10302 East 55 th Place, Tulsa, Oklahoma 74146 consisting of 104,875 rentable square feet on approximately 3.5 acres.”
Material Agreements
EDUCATIONAL DEVELOPMENT CORP entered into Third Amendment to the Existing Credit Agreement with BOKF, NA valued at Revolving loan commitment steps down from $13,500,000 to $4,000,000; maturity extends to January 31, (effective 2023-08-09).
“Effective August 9, 2023, Educational Development Corporation (the “Company”) executed the Third Amendment to the Existing Credit Agreement (“Amendment”) with BOKF, NA (the “Lender”).”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported first quarter for fiscal year 2024 results: revenue $14.5 million, net income $(0.9) million, EPS $(0.11).
“today reports financial results for the first quarter for fiscal year 2024. First Quarter Summary Compared to the Prior Year First Quarter ● Net revenues of $14.5 million, a decrease of $8.7 million, or 37.5%, compared to $23.2 million. ● Average active PaperPie brand partners totaled 23,200 compared to 32,200. ● Earnings (loss) before income”
Shareholder Votes
EDUCATIONAL DEVELOPMENT CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-06-29 meeting.
“2. Ratification of Independent Registered Public Accounting Firm. The Company’s stockholders approved the ratification of the appointment of HoganTaylor LLP as the independent public accounting firm for the Company for the year ending February 29, 2024, based on the following votes: For Against Abstain/Withheld Broker Non-Votes 6,178,340 30,785 83,962 0”
Shareholder Votes
EDUCATIONAL DEVELOPMENT CORP shareholders approved Election of one Class I Director at the 2023-06-29 meeting.
“At the annual meeting of stockholders of the Company held on June 29, 2023, the following actions took place: 1. Election of one Class I Director. The Company’s stockholders elected Bradley Von Stoots as Class I Director of the Company for a three-year term based on the following votes: Nominee For Against Withheld Broker Non-Votes Bradley Von Stoots 4,824,073 0 137,893 1,330,851”
Josh Peters resigned as Director at EDUCATIONAL DEVELOPMENT CORP.
“On June 28, 2023, Mr. Josh Peters provided notice of resignation from the Board of Directors effective June 29, 2023.”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported the fiscal fourth quarter ended February 28, 2023 results: revenue $15.0 million, net income $(1.9) million, EPS $(0.24).
“Net revenues were $15.0 million, a decrease of $8.3 million, or 35.6%, compared to $23.3 million. ● Average active PaperPie Brand Partners totaled 26,100 compared to 37,500. ● Earnings (loss) before income taxes were $(2.6) million, a decrease of $2.9 million, compared to $0.3 million. ● Net earnings (loss) totaled $(1.9) million, compared to $0.3 million, a decrease of $2.2 million, or 733.3%. ● Earnings (loss) share totaled $(0.24), compared to $0.04, on a fully diluted basis.”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported the fiscal year ended February 28, 2023 results: revenue $87.8 million, net income $(2.5) million, EPS $(0.31).
“Net revenues of $87.8 million, a decrease of $54.4 million, or 38.3%, compared to $142.2 million. ● Average active PaperPie Brand Partners totaled 28,000 compared to 44,900. ● Earnings (loss) before income taxes were $(3.4) million, a decrease of $14.6 million, compared to $11.2 million. ● Net earnings (loss) totaled $(2.5) million, compared to $8.3 million, a decrease of $10.8 million, or 130.1%. ● Earnings (loss) per share totaled $(0.31), compared to $0.98, down 131.6% on a fully diluted basis.”
Brad Stoots was appointed as Director at EDUCATIONAL DEVELOPMENT CORP.
“approved adding Mr. Brad Stoots to the Company’s Board of Directors.”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported nine months ended November 30, 2022 results: revenue $72.8 million, net income $(0.6) million, EPS $(0.07).
“● Net revenues of $72.8 million, a decrease of $46.1 million, or 38.8%, compared to $118.9 million. ● Average active UBAM sales consultants totaled 28,700 compared to 47,300. ● Earnings (loss) before income taxes were $(0.8) million, a decrease of $11.7 million, or 107.3%, compared to $10.9 million. ● Net earnings (loss) totaled $(0.6) million, compared to $8.0 million, a decrease of $8.6 million, or 107.5%. ● Earnings (loss) per share totaled $(0.07), compared to $0.94, down 107.4% on a fully diluted basis.”
Earnings Releases
EDUCATIONAL DEVELOPMENT CORP reported third quarter ended November 30, 2022 results: revenue $30.3 million, net income $0.0 million, EPS $0.00.
“● Net revenues were $30.3 million, a decrease of $14.8 million, or 32.8%, compared to $45.1 million. ● Average active direct-sales consultants totaled 27,100 compared to 41,500. ● Earnings before income taxes were $0.0 million, a decrease of $3.6 million, compared to $3.6 million. ● Net earnings totaled $0.0 million, compared to $2.6 million, a decrease of $2.6 million. ● Earnings per share totaled $0.00, compared to $0.31, on a fully diluted basis.”
Randall White changed role as Executive Chairman at EDUCATIONAL DEVELOPMENT CORP.
“Randall White will transition to Executive Chairman.”
Craig White was elected as Class II Director at EDUCATIONAL DEVELOPMENT CORP.
“the Board of Directors of the Company unanimously approved adding Craig White to the Company’s Board of Directors.”
Craig White was appointed as Chief Executive Officer and President at EDUCATIONAL DEVELOPMENT CORP.
“Craig White has been appointed the Company’s new Chief Executive Officer and President effective immediately”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.