<SEC-DOCUMENT>0001171843-18-004246.txt : 20180529
<SEC-HEADER>0001171843-18-004246.hdr.sgml : 20180529
<ACCEPTANCE-DATETIME>20180529093615
ACCESSION NUMBER:		0001171843-18-004246
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180529
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180529
DATE AS OF CHANGE:		20180529

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:		18863094

	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>f8k_052918.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html><head><title></title></head><body><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div></div><p style="text-align: center;"><font style="font-size: 14pt;"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong><br />_____________________</font></p><p style="text-transform: uppercase; text-align: center;"><font style="font-size: 14pt;"><strong>Form 8-K</strong><br />_____________________</font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>CURRENT REPORT</strong></font></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</strong></font></p><p align="center"><font style="font-size: 10pt;">Date of Report (Date of earliest event Reported): <!--May 29, 2018-->May 29, 2018 &#160;</font></p><p align="center"><font style="font-size: 12pt;"><strong>EDUCATIONAL DEVELOPMENT CORPORATION</strong></font><br /><font style="font-size: 10pt;">(Exact Name of Registrant as Specified in Charter)</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;"><strong>Delaware</strong></font></td><td align="center" width="34%"><font style="font-size: 10pt;"><strong>000-04957</strong></font></td><td align="center" width="33%"><font style="font-size: 10pt;"><strong>73-0750007</strong></font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">(State or Other Jurisdiction of Incorporation)</font></td><td align="center" width="34%"><font style="font-size: 10pt;">(Commission File Number)</font></td><td align="center" width="33%"><font style="font-size: 10pt;">(I.R.S. 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Results of Operations and Financial Condition.</strong></font></p><p><font style="font-size: 10pt;">
 <p style="margin-left:0in; margin-right:0in;">On May 29, 2018, Educational Development Corporation, announced via press release, fiscal 2018 results.&#160; A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.</p> </font></p><p /><font style="font-size: 10pt;"><strong>  </strong><p /><p><font style="font-size: 10pt;"><strong>Item 7.01. Regulation FD Disclosure.</strong></font></p><p><font style="font-size: 10pt;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;">On May 29, 2018, Educational Development Corporation, announced via press release, fiscal 2018 results.&#160; Educational Development Corporation&#8217;s earnings call will be held on May 30<sup>th</sup>, 2018 at 2:00 cst.&#160; A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.</p></font></p><p /><font style="font-size: 10pt;"><strong>  </strong><p /><p><font style="font-size: 10pt;"><strong>Item 8.01. Other Events.</strong></font></p><p><font style="font-size: 10pt;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;">On May 25<sup>th</sup>, 2018 Educational Development Corporation declares, via press release, a quarterly dividend.&#160; A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.&#160;</p></font></p><p /><font style="font-size: 10pt;"><strong>  </strong><p /><p><font style="font-size: 10pt;"><strong>Item 9.01. Financial Statements and Exhibits.</strong></font></p><p><font style="font-size: 10pt;">
<table style="border-collapse:collapse !important;" style="border-collapse: collapse; "><tr><td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><font style="font-size:10pt;">(d)</font></td><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="vertical-align: bottom ; "><font style="font-size:10pt;">EXHIBITS&#160; &#160; &#160;</font></td></tr><tr><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="vertical-align: bottom ; ">&#160;</td></tr><tr><td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; "><font style="font-size:10pt;">Exhibit</font><br /><font style="font-size:10pt;"><u>Number</u></font></td><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="vertical-align: bottom ; "><br /><font style="font-size:10pt;"><u>Description</u></font></td></tr><tr><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="vertical-align: bottom ; ">&#160;</td></tr><tr><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><a href="exh_991.htm" rel="nofollow">99.1</a></font></font></font></font></font></td><td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="vertical-align: bottom ; "><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><font style="font-size:10pt; font-family:&quot;Times New Roman&quot;;"><a href="exh_991.htm" rel="nofollow">Press release dated as of May 29, 2018</a></font></font></font></font></font></td></tr></table></font></p><p><font style="font-size: 10pt;"></font></p><p><font style="font-size: 10pt;"></font></p><hr style="page-break-after: always;" noshade="noshade" /><p align="center"><font style="font-size: 10pt;"><strong>SIGNATURE</strong></font></p><p><font style="font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p><table style="width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td valign="top" width="49%"><font style="font-size: 10pt;">&#160;</font></td><td style="font-size: 12pt;" colspan="2" valign="top"><font style="font-size: 10pt;"><strong>EDUCATIONAL DEVELOPMENT CORPORATION</strong></font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;"></font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">Date: May 29, 2018</font></td><td width="2%"><font style="font-size: 10pt;">By:&#160;</font></td><td style="text-decoration: underline;" width="49%"><font style="font-size: 10pt;">/s/ Randall W. White&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">Randall W. White</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;">President and Chief Executive Officer</font></td></tr><tr valign="top"><td width="49%"><font style="font-size: 10pt;">&#160;</font></td><td width="2%"><font style="font-size: 10pt;">&#160;</font></td><td width="49%"><font style="font-size: 10pt;"></font></td></tr></table><p /></font></font></font></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Educational Development Corporation Announces Record Fiscal 2018</strong></p><p style="text-align: center;" ></p><p>
   <p align="left">TULSA, Okla., May  29, 2018  (GLOBE NEWSWIRE) -- Educational Development Corporation (&#8220;EDC&#8221;) (NASDAQ:EDUC) (http://www.edcpub.com) today reports record net sales and earnings per share results for the fiscal year ended February 28, 2018.<br ></p>    <p>Randall White, CEO of Educational Development Corporation, announced that for the fiscal year 2018, the Company reports record net revenues of $111,966,100, an increase of $5,338,000, or 5%, when compared to $106,628,100 for the previous year.&#160; Fiscal 2018 net earnings totaled $5,214,700, compared to $2,860,900 in fiscal 2017, an increase of 82%. &#160;&#160;Fiscal year 2018 earnings per share were $1.27 compared to $0.70 the previous year, up 81% on a fully diluted basis.</p>    <p>The direct sales division, Usborne Books &amp; More (&#8220;UBAM&#8221;) continued to have strong growth this year driven by the success and growth of our active sales consultants.&#160;&#160;&#160; Net revenues in this division increased by 6% from $97,620,600 in fiscal year 2017 to $103,698,600 in fiscal year 2018.&#160; 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">&#160;</td></tr></table>  <p><br ></p>    <p>  </p>  <p>EDC will host its annual results Investor Call including a live Q&amp;A webcast on Wednesday, May 30, 2018, at 2 PM CT (3 PM ET).&#160; Randall White, the Company&#8217;s CEO and President, Craig White, VP of IT, Heather Cobb, VP of UBAM and Dan O&#8217;Keefe, CFO and Secretary, will present the annual results and be available for questions following the presentation.&#160; Phone lines for participants will be available at (844) 395-9253 (International callers can use (478) 219-0506).&#160; The conference passcode is 9165768. The weblink to the call is &#160;https://edge.media-server.com/m6/p/wkrhmdy6.</p>    <p>The link to the webcast, including replays will be available following the event at www.edcpub.com/investors.aspx.</p>    <p><strong>About Educational Development Corporation (EDC)</strong><br >EDC is a publishing company specializing in books for children. EDC is the exclusive United States distributor of the UK-based Usborne Books and owns Kane Miller Publishers; award-winning publishers of international children&#8217;s books. EDC&#8217;s current catalog contains over 2,000 titles, with new additions semi-annually. Both Usborne and Kane Miller products are sold via 4,000 retail outlets and by independent consultants, who hold book showings in individual homes, through social media, book fairs with school and public libraries, direct and internet sales.&#160;</p>    <p>Contact:<br >Educational Development Corporation<br >Randall White, (918) 622-4522</p>    <p><strong>Cautionary Statement for the Purpose of the &#8220;Safe Harbor&#8221; Provision of the Private Securities Litigation Reform Act of 1995.</strong><br ></p>    <p align="left">The information discussed in this Press Release includes &#8220;forward-looking statements.&#8221; These forward-looking statements are identified by their use of terms and phrases such as &#8220;may,&#8221; &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;intend,&#8221; &#8220;achievable,&#8221; &#8220;anticipate,&#8221; &#8220;continue,&#8221; &#8220;potential,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; and similar terms and phrases.&#160; Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and we can give no assurance that such expectations or assumptions will be achieved.&#160; Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements.&#160; Factors that could cause or contribute to such differences include, but are not limited to, our success in recruiting and retaining new consultants, our ability to locate and procure desired books, our ability to ship the volume of orders that are received without creating backlogs, our ability to obtain adequate financing&#160; for working capital and capital expenditures, economic and competitive conditions, regulatory changes and other uncertainties, as well as those factors discussed in our Annual Report on Form 10-K for the year ended February 28, 2018, all of which are difficult to predict.&#160; In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur.&#160; All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph and elsewhere in our Annual Report on Form 10-K for the year ended February 28, 2018 and speak only as of the date of this Press Release.&#160; Other than as required under the securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.</p>  </p><p ></p></body></html>
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