<SEC-DOCUMENT>0001171843-15-001885.txt : 20150408
<SEC-HEADER>0001171843-15-001885.hdr.sgml : 20150408
<ACCEPTANCE-DATETIME>20150408165800
ACCESSION NUMBER:		0001171843-15-001885
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150408
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150408
DATE AS OF CHANGE:		20150408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EDUCATIONAL DEVELOPMENT CORP
		CENTRAL INDEX KEY:			0000031667
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				730750007
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04957
		FILM NUMBER:		15759561

	BUSINESS ADDRESS:	
		STREET 1:		10302 E 55TH PL #B
		CITY:			TULSA
		STATE:			OK
		ZIP:			74146
		BUSINESS PHONE:		9186224522

	MAIL ADDRESS:	
		STREET 1:		PO BOX 470663
		CITY:			TULSA
		STATE:			OK
		ZIP:			741460663

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TUTOR TAPES INTERNATIONAL CORP
		DATE OF NAME CHANGE:	19701030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL TEACHING TAPES INC
		DATE OF NAME CHANGE:	19701030
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>document.htm
<DESCRIPTION>FORM 8-K FILING DOCUMENT
<TEXT>
<!DOCTYPE html
	PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"
	"http://www.w3.org/TR/html4/loose.dtd">

<html lang="en-US">

	<head>
		<title>Form 8-K Filing</title>
	</head>

	<body>
		<p align="center"><font size="5"><b>United States<br>
					SECURITIES AND EXCHANGE COMMISSION<br>
				</b></font></p>
		<p align="center"><font size="3"><b>Washington, D.C. 20549</b><br>
			</font></p>
		<hr noshade="1" width="150" align="center">
		<p align="center"><font size="5"><b>FORM 8-K</b><br>
			</font></p>
		<hr noshade="1" width="150" align="center">
		<p align="center"><font size="3"><b>CURRENT REPORT</b><br>
			</font></p>
		<p align="center"><font size="3"><b>Pursuant to Section&nbsp;13 OR 15(d) of<br>
					The Securities Exchange Act of 1934</b><br>
			</font></p>
		<p align="center"><font size="3">Date of Report (Date of earliest event reported) <b>April 8, 2015 (February 28, 2015)</b><br>
			</font></p>
		<hr noshade="1" width="150" align="center">
		<p align="center"><font size="5"><b>Educational Development Corporation</b></font><br>
			<font size="2">(Exact name of registrant as specified in its charter) </font></p>
		<!-- Registrant's State of Inc, File and IRS Number -->
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="32%" align="center"><br>
					<font size="2"><b>Delaware</b></font></td>
				<td width="3%">&nbsp;</td>
				<td width="32%" align="center"><br>
					<font size="2"><b>0-4957</b></font></td>
				<td width="3%">&nbsp;</td>
				<td width="32%" align="center"><br>
					<font size="2"><b>73-0750007</b></font></td>
			</tr>
			<tr valign="top">
				<td width="32%" align="center"><font size="2">(State or other jurisdiction<br>
						of incorporation) </font></td>
				<td width="3%">&nbsp;</td>
				<td width="32%" align="center"><font size="2">(Commission File Number) </font></td>
				<td width="3%">&nbsp;</td>
				<td width="32%" align="center"><font size="2">(IRS Employer Identification No.) </font></td>
			</tr>
		</table>
		<!-- Registrant's Postal Addess and Zip Code --><br>
		<br>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="19%">&nbsp;</td>
				<td width="47%" align="center"><br>
					<font size="2"><b>10302 East 55th Place, Tulsa, Oklahoma</b></font></td>
				<td width="2%">&nbsp;</td>
				<td width="13%" align="center"><br>
					<font size="2"><b>74146-6515</b></font></td>
				<td width="19%">&nbsp;</td>
			</tr>
			<tr valign="top">
				<td width="19%">&nbsp;</td>
				<td width="47%" align="center"><font size="2">(Address of principal executive offices) </font></td>
				<td width="2%">&nbsp;</td>
				<td width="13%" align="center"><font size="2">(Zip Code) </font></td>
				<td width="19%">&nbsp;</td>
			</tr>
		</table>
		<p align="center"><font size="2">Registrant's telephone number, including area code: &nbsp; <b>(918) 622-4522</b></font></p>
		<p align="center"><font size="2"><br>
			<br>
			N/A<br>
			(Former name or former address, if changed since last report)</font></p>
		<!-- Simultaneous filing obligation checkboxes --><br>
		<br>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td colspan="3"><font size="2">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):</font></td>
			</tr>
			<tr valign="top">
				<td width="5%">&nbsp;</td>
				<td><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td><font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></td>
			</tr>
			<tr valign="top">
				<td width="5%">&nbsp;</td>
				<td><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td><font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></td>
			</tr>
			<tr valign="top">
				<td width="5%">&nbsp;</td>
				<td><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td><font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></td>
			</tr>
			<tr valign="top">
				<td width="5%">&nbsp;</td>
				<td><font size="2">[ &nbsp;&nbsp;]</font></td>
				<td><font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></td>
			</tr>
		</table>
		<hr noshade="1">

		<p><font size="3"><b><p><font size="3"><b>Item 2.02. Results of Operations and Financial Condition.</b></font></p></b></font></p>
		<p><font size="2"><P >
	On April 8, 2015, Educational Development Corporation announced, via press release, unaudited net revenues for fiscal year 2015.  A copy of the press release is attached.</P>
</font></p>

		<p><font size="3"><b><p><font size="3"><b>Item 9.01. Financial Statements and Exhibits.</b></font></p></b></font></p>
		<p><font size="2"><p>
	 </p>
<p>
	(d)   EXHIBITS</p>
<blockquote>
	<p>
		99.1   Press release dated as of April 8, 2015</p>
</blockquote>
</font></p>
		<hr noshade="1">
		<!-- Registrant's Signature -->
		<p align="center"><font size="3"><b>SIGNATURE</b> </font></p>
		<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font></p>
		<table cellpadding="0" border="0" width="100%" cellspacing="0">
			<tr valign="top">
				<td width="47%">&nbsp;</td>
				<td width="5%">&nbsp;</td>
				<td width="47%" align="center"><font size="2"><b>Educational Development Corporation</b></font>
					<hr noshade="1">
					<font size="2">(Registrant)<br>
						<br>
					</font></td>
			</tr>
			<tr valign="top">
				<td width="47%" align="center"><font size="2"><b>April 8, 2015</b></font>
					<hr noshade="1">
					<font size="2">(Date) </font></td>
				<td width="5%">&nbsp;</td>
				<td width="47%" align="center"><font size="2"><b>/s/ &nbsp; RANDALL W. WHITE</b></font>
					<hr noshade="1">
					<font size="2">Randall W. White</font><br>
					<font size="2"><i>President and Chief Executive Officer</i></font></td>
			</tr>
		</table>
		<hr />
<p align="center">
	<font size="2">EXHIBIT INDEX</font></p>
<p>
	 </p>
<table border="0" cellpadding="0" cellspacing="0">

		<tr>
			<td valign="top" width="86">
				<p>
					<font size="2">EXHIBIT<u> NUMBER</u></font></p>
			</td>
			<td valign="top" width="552">
				<p>
					<font size="2"><br />
					<u>DESCRIPTION</u></font></p>
			</td>
		</tr>
		<tr>
			<td valign="top" width="86">
				<p>
					 </p>
			</td>
			<td valign="top" width="552">
				<p>
					 </p>
			</td>
		</tr>
		<tr>
			<td valign="top" width="86">
				<p>
					<font size="2">*99.1</font></p>
			</td>
			<td valign="top" width="552">
				<p>
					<font size="2">Press release dated as of April 8, 2015</font></p>
			</td>
		</tr>

</table>
<p>
	 </p>
<p>
	<u><font size="2">________</font></u></p>
<p>
	<font size="2">*Filed herewith.</font></p>

	</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html><head><title>Educational Development Corporation Announces Unaudited Record Net Revenues for Fiscal Year 2015</title></head><body><p align="right">EXHIBIT 99.1</p><h3 align="center">Educational Development Corporation Announces Unaudited Record Net Revenues for Fiscal Year 2015</h3><p>TULSA, Okla., April 8, 2015 (GLOBE NEWSWIRE) -- Educational Development Corporation ("EDC") (Nasdaq:EDUC) (http://www.edcpub.com) today reports historic record net revenues for the fiscal year ended February 28, 2015 (unaudited).</p><p>
	Randall White, CEO of Educational Development Corporation announces that the Company achieved record net revenues of $32.5 million for the fiscal year ended February 28, 2015, which surpassed the previous record of $31.8 million for fiscal year ended February 28, 2006. Both divisions of the Company had excellent net revenue results as the trade publishing division, EDC Publishing, posted a record year of $11.5 million, a 5% increase compared to $11.0 million last year.</p><p>
	The Home Business division, Usborne Books &amp; More (UBAM), also had an excellent sales year posting a 39% increase in net revenues to $21.0 million compared with $15.1 million last year. UBAM had an excellent year attracting new sales associates which now total over 7,000. &#160;This division has now posted 21 consecutive months of net revenues gains over the same month the previous year.</p><p>
	This unprecedented sales growth is primarily the result of eliminating sales to Amazon and wholesale accounts three years ago to support our retail accounts and our sales consultants.</p><p>
	Preliminary unaudited&#160;results indicate a marked increase in pre-tax earnings for the quarter and fiscal year ending February 28, 2015.&#160;&#160;March 2015, the first month of in fiscal year 2016, recorded a 58% increase in sales for UBAM and a small 4% decrease for EDC Publishing over the same month of last fiscal year.</p><p>
	<strong><u>About Educational Development Corporation</u></strong></p><p>
	Educational Development Corporation sells children's books, including Usborne Books and the Kane Miller line of international children's titles through a multi-level sales organization of independent consultants, through 5,000 retail stores and over the Internet.&#160; More than 1,600 different titles are available for children of all ages, with new additions twice per year.</p><pre>CONTACT: Educational Development Corporation
         Randall White, (918) 622-4522</pre></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
