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Educational Development Corporation's SEC filings document material events for a Nasdaq-listed children’s publishing and educational-products company. Recent 8-K reports cover fiscal operating results, Regulation FD announcements, earnings-call materials, annual meeting dates, record-date disclosure, and exhibits furnished with press releases.
The filings also describe capital-structure and liquidity matters, including a revolving credit agreement, collateral arrangements, repayment and termination of prior bank debt, and the completed sale and leaseback of the company’s headquarters and distribution warehouse. Governance-related disclosures include common stock registration details, shareholder meeting mechanics, and proxy-vote record information.
Educational Development Corporation filed a current report to share that it will host its fiscal year 2027 first quarter earnings call on Thursday, July 9, 2026 at 3:30 PM CT (4:30 PM ET). The call will include a live Q&A webcast with senior executives discussing first quarter results.
Participants can join by phone at (800) 717-1738 using Conference ID 35042, and an audio replay will be available on the company’s investor website after the event. The filing also furnishes the related press release as an exhibit.
Educational Development Corporation has called its 2026 annual shareholder meeting for July 8, 2026 at its Tulsa headquarters. Shareholders will vote to elect two Class I directors, ratify HoganTaylor LLP as independent auditor for the year ending February 28, 2027, and approve on an advisory basis the compensation of the named executive officers.
The company has 8,511,364 common shares outstanding as of May 19, 2026, with cumulative voting allowed for director elections. The proxy details board structure, committee composition, director and executive pay programs, and significant shareholdings, including the CEO’s 2026 total compensation of $332,800 and disclosed audit and tax fees paid to HoganTaylor.
Educational Development Corporation reports fiscal 2026 results marked by weaker sales but a return to profitability driven by a major real estate transaction and debt repayment. Net revenues fell to $22.9 million from $34.2 million, reflecting softer demand across both its PaperPie direct-selling division and Publishing wholesale channel.
The company generated net earnings of $2.3 million versus a prior-year loss of $5.3 million, largely due to a $12.2 million gain on the sale of its Tulsa “Hilti Complex” for $32.2 million. Proceeds were used to repay $26.7 million of term loans and a $4.2 million line of credit, eliminating its prior credit agreement and sharply reducing interest expense.
Underlying operations weakened: PaperPie net revenues declined 35.5% to $19.3 million, with average active Brand Partners dropping to 5,800 from 12,300, while Publishing revenues fell 16.3% to $3.6 million. The company remains heavily exposed to Usborne-sourced products and did not meet minimum purchase volumes in fiscal 2025 and 2026, though no termination notice has been received. Management emphasizes using positive operating cash flow of $2.0 million and sizable inventories to support liquidity, and auditors issued a clean opinion with no critical audit matters.
Educational Development Corporation reported fiscal 2026 results and detailed its turnaround efforts. For the year ended February 28, 2026, net revenues were $22,913,600 versus $34,191,000 a year earlier, while net earnings improved to $2,325,200 from a net loss of $5,263,600. Fourth-quarter net revenues were $4,178,300 compared with $6,636,300 in the prior-year quarter, with a net loss of $3,107,000 versus $1,345,500. Earnings per share were $0.27 for fiscal 2026, up from a loss of $0.63 per share. Management highlighted the $32.2 million sale of the Hilti Complex and use of $30.9 million of proceeds to fully repay bank borrowings, leaving the company debt free. Inventory was reduced from $44.7 million to $37.7 million, generating $7.0 million of cash flow. A restructuring of office and warehouse staff, including executive pay cuts and a small reduction in force, is expected to lower general and administrative expenses by more than $1.2 million in fiscal 2027. The company also entered into a new $2.0 million line of credit with Regent Bank to provide additional working capital flexibility.
Educational Development Corporation announced the schedule for its fiscal year 2026 earnings call and its 2026 Annual Meeting of Shareholders. The earnings call, with a live Q&A webcast, will take place on May 19, 2026 at 3:30 PM CT (4:30 PM ET).
The Annual Meeting of Shareholders will be held on July 8, 2026 at 10:00 AM CT (11:00 AM ET) at the company’s Tulsa corporate offices. Shareholders of record at the close of business on May 19, 2026 are entitled to vote, and proxy materials and the Annual Report will be made available on or around May 28, 2026.
Educational Development Corporation entered into a new Credit Agreement with Regent Bank providing a revolving loan facility of up to $2,000,000. This revolving promissory note gives the company access to short-term borrowing but no funds were drawn at closing.
The facility is secured by the company’s assets, including accounts receivable, inventory, equipment and excess land, and is backed by a personal guarantee from President and CEO Craig White. Management highlights that the new relationship with Regent Bank is expected to provide greater borrowing capacity and lower interest rates compared with the prior lender, supporting the purchase of new titles and the company’s growth strategy. The company also plans to transition its treasury and other financial services to Regent Bank.
Educational Development Corporation reported net earnings of $7.8 million for the quarter ended November 30, 2025, reversing a prior-year net loss of $0.8 million. The swing was driven largely by a $12.2 million gain on the sale and leaseback of its Hilti Complex, which generated about $29.9 million of cash and was used to repay roughly $30.0 million of term debt and revolving credit.
Net revenues fell to $7.0 million from $11.1 million as both the PaperPie and Publishing segments saw sales decline, reflecting fewer active Brand Partners, higher discounts, and tariff-driven cost pressures. Operating results excluding the asset sale remained weak, and management discloses that recurring operating losses and dependence on rebuilding PaperPie and reducing inventory raise substantial doubt about the company’s ability to continue as a going concern, despite improved liquidity and the elimination of bank debt.
Educational Development Corporation filed a current report stating that it has released its fiscal 2026 third quarter financial results through a press release. The company also announced that its fiscal 2026 earnings call will be held on January 8, 2026 at 3:30 PM CT (4:30 PM ET). The press release containing the detailed results is furnished as Exhibit 99.1 to the report and is incorporated by reference.
Educational Development Corp (EDUC) Chief Executive Officer and director Craig M. White reported insider transactions in company stock. On 11/14/2025, he acquired 33,029 shares of common stock through the employees 401(k) plan at various prices, and on the same date disposed of 11,419 shares at $1.35 per share. After these trades, he directly beneficially owned 633,831 shares of EDUC common stock.