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 (EDUC) filed a current report announcing the timing of its fiscal year 2027 second quarter earnings call. The company will host the call, including a live Q&A webcast, on October 14, 2026 at 3:30 PM CT (4:30 PM ET), with senior executives presenting results and taking questions.
Educational Development Corporation held its annual meeting of stockholders on July 8, 2026. Two director nominees, Bradley V. Stoots and Steven G. Hooser, each received 4,171,944 votes for, 41,020 votes withheld, and 1,300,922 broker non-votes.
Stockholders also voted on two additional matters. One item received 5,495,946 votes for, 15,114 against, and 2,826 abstain/withheld. Another item received 3,863,079 votes for, 294,931 against, 54,954 abstain/withheld, and 1,300,922 broker non-votes. The report was signed by Chief Financial Officer Dan E. O’Keefe on July 14, 2026.
Educational Development Corporation reported a weaker quarter with lower sales but positive operating cash flow. For the three months ended May 31, 2026, net revenues were $4.76 million, down from $7.11 million a year earlier, and the company recorded a net loss of $1.40 million versus a $1.08 million loss.
The PaperPie division generated $4.17 million of net revenues and $0.38 million of operating income, while Publishing delivered $0.58 million of net revenues and $0.09 million of operating income. Both segments saw meaningful revenue declines, driven by fewer active Brand Partners and fewer new titles.
Despite the loss, operating activities provided $0.56 million of cash, helped by a $1.42 million reduction in inventories. Total cash, cash equivalents and restricted cash were $1.81 million. The company entered a new $2.0 million secured revolving credit facility in March 2026.
A key risk is concentration with Usborne Publishing. The company did not meet minimum purchase and letter-of-credit requirements, giving Usborne the right to terminate the distribution agreement, and it holds $19.57 million of Usborne inventory. Management also maintains a full valuation allowance against deferred tax assets due to recent cumulative losses.
Educational Development Corporation reported fiscal 2027 first-quarter net revenues of $4,755,800 and a net loss of $1,395,600, or $(0.16) per share. This compares with net revenues of $7,106,400 and a net loss of $1,075,200, or $(0.13) per share, in the prior-year quarter.
Management highlighted promotions that helped convert excess inventory to cash, with cash rising from $1.3 million at the end of February to $1.8 million at the end of May, and Active Brand Partners increasing 20% from 4,300 to 5,200. The company is executing a cost reduction plan expected to lower fiscal 2027 general and administrative expenses by over $1.2 million and recorded a one-time $0.1 million write-down on assets held for sale.
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.