0001185185-21-000814.txt : 20210616 0001185185-21-000814.hdr.sgml : 20210616 20210616091735 ACCESSION NUMBER: 0001185185-21-000814 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20210614 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210616 DATE AS OF CHANGE: 20210616 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: 211020595 BUSINESS ADDRESS: STREET 1: 5402 SOUTH 122ND EAST AVE CITY: TULSA STATE: OK ZIP: 74146 BUSINESS PHONE: 918-622-4522 MAIL ADDRESS: STREET 1: 5402 SOUTH 122ND EAST AVE CITY: TULSA STATE: OK ZIP: 74146 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 8-K 1 edc20210615_8k.htm FORM 8-K edc20210615_8k.htm


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): June 16, 2021 (June 14, 2021)

 

EDUCATIONAL DEVELOPMENT CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

000-04957

73-0750007

(State or other jurisdiction of  

incorporation or organization)  

(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

(Registrants 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:

 

Title of class

Trading symbol

Name of each exchange on which registered

Common Stock, $.20 par value

EDUC

NASDAQ

 

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.  ☐

 

 

 

 

The information disclosed in the Items 5.02 and 9.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

 

ITEM 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 14, 2021, Mr. Ron T. McDaniel provided notice of his intent to resign from the Board of Directors effective June 30, 2021 and not seek re-election as a Class II Director. Mr. McDaniel resigned solely for personal reasons and did not resign as a result of any disagreement with the Company on any matter related to its operation, policies or practices. His service initially as an employee and later as a member of the Board of Directors has been appreciated by the Company and its management team.

 

The Board has made no decision to replace Mr. McDaniel as of the date of this filing. It is expected that the replacement decision will be made before the end of the fiscal year. A copy of the notice from Mr. McDaniel is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 

ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS

 

(d)         EXHIBITS         

 

Exhibit

Number

Description

99.1

Copy of Resignation Letter from Mr. McDaniel

104 Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

SIGNATURES

 

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/ Randall W. White                                                  

Randall W. White

President and Chief Executive Officer

 

 

Date:      June 16, 2021

 

 

 

 

 

 
false 0000031667 0000031667 2021-06-14 2021-06-14
EX-99.1 2 ex_257595.htm EXHIBIT 99.1 ex_257595.htm

 

EXHIBIT 99.1

 

 

June 14, 2021

 

 

 

Randall White

Chairman of the Board

Education Development Corp

5402 S 122nd E Avenue

Tulsa, OK 74146

 

Dear Randall:

 

Please accept this letter of my resignation from the Educational Development Corporation Board of Directors effective June 30, 2021.

 

I want to thank you for providing me with the opportunity to be associated with EDC for more than 20 years. It has been a time I have valued greatly.

 

 

Sincerely,

s/ Ron McDaniel

 

 
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