Educational Development Corp files Ninth Credit Amendment with BOKF, NA

Rhea-AI Filing Summary

Educational Development Corporation executed the Ninth Amendment to its Existing Credit Agreement with BOKF, NA. The Amendment, effective July 11, 2025 and executed on August 12, 2025, extends the maturity date of the company’s Revolving Loan to September 19, 2025.

The filing notes the written description is qualified by the Amendment itself, which is filed as Exhibit 10.01. A related press release is filed as Exhibit 99.1 and the cover page Inline XBRL is filed as Exhibit 104. The disclosure is limited to the execution of the Amendment and the revised maturity date; the Amendment text in the exhibit contains the full terms.

Positive

• Amendment formally extends the Revolving Loan maturity to September 19, 2025
• Ninth Amendment and supporting documents are filed as exhibits (10.01, 99.1, 104)

Negative

• None.

Insights

Financial Analyst

TL;DR: Company filed a Ninth Amendment extending its Revolving Loan maturity to September 19, 2025.

The filing confirms a formal amendment to the Existing Credit Agreement with BOKF, NA that changes the Revolving Loan maturity date. The disclosure is concise and points investors to Exhibit 10.01 for definitive terms. Based solely on this filing, the material action is the maturation date change; no additional financial details, covenant modifications, or borrowing limits are disclosed in the 8-K text.

Risk Analyst

TL;DR: The 8-K documents a short-term contractual amendment affecting credit maturity; refer to the exhibit for full terms.

The report identifies the Ninth Amendment as effective July 11, 2025 and executed August 12, 2025, extending the Revolving Loan maturity to September 19, 2025. The filing itself does not provide covenant, default, or collateral details, so risk implications cannot be assessed without reviewing Exhibit 10.01. The 8-K properly cross-references the full amendment and a press release.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 12,2025 (August 6, 2025)

EDUCATIONAL DEVELOPMENT CORPORATION

(Exact name of registrant as specified in its charter)

Delaware		000-04957		73-0750007
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S Employer Identification No.)

5402 S 122nd E Avenue, Tulsa, Oklahoma 74146

(Address of principal executive offices and Zip Code)

(918) 622-4522

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, $.20 par value		EDUC		NASDAQ
(Title of class)		(Trading symbol)		(Name of each exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On August 12, 2025, Educational Development Corporation (the “Company”) executed the Ninth Amendment (“Amendment”) to the Existing Credit Agreement (“Amendment”) with BOKF, NA (the “Lender”). The Amendment, effective July 11, 2025, extends the maturity date of the Revolving Loan to September 19, 2025.

The foregoing description of the Amendment is not complete and is qualified in all respects subject to the actual provisions of the Amendment, a copy of which have been filed as Exhibits 10.01, and is incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) EXHIBITS

Exhibit Number		Description
10.01		Ninth Amendment to the Credit Agreement executed August 6, 2025 by and between the Company and BOKF, NA, Tulsa, OK
99.1		Press Release dated August 12, 2025
104		Cover Page Interactive Data File (formatted as Inline XBRL)

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SIGNATURE

Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Educational Development Corporation
By:	/s/ Craig M. White
	Craig M. White
	President and Chief Executive Officer

Date: August 12, 2025

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FAQ

What did EDUC disclose in this 8-K?

The company disclosed execution of the Ninth Amendment to its Existing Credit Agreement with BOKF, NA that extends the Revolving Loan maturity to September 19, 2025.

Who is the lender named in the amendment for EDUC?

The lender identified in the filing is BOKF, NA.

When is the new maturity date for EDUC's Revolving Loan?

The filing states the Revolving Loan maturity was extended to September 19, 2025.

Where can investors find the full terms of the amendment filed by EDUC?

The 8-K references the full amendment filed as Exhibit 10.01; a press release is filed as Exhibit 99.1 and Inline XBRL cover page as Exhibit 104.

When was the amendment effective and when was it executed according to the filing?

The Amendment is reported as effective July 11, 2025 and executed on August 12, 2025.