-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VbeodaRpRkhspziza/ChZgWpugjt4WQJ1loKtKIkCddEpivuu4XvuekwhCwtbKLI DiZhghPQzeXbgVVpb9QxXg== 0000950134-06-010153.txt : 20060517 0000950134-06-010153.hdr.sgml : 20060517 20060517103325 ACCESSION NUMBER: 0000950134-06-010153 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060228 FILED AS OF DATE: 20060517 DATE AS OF CHANGE: 20060517 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: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04957 FILM NUMBER: 06847922 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 11-K 1 d36326e11vk.htm FORM 11-K e11vk
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended February 28, 2006.
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     .
Commission file number: 0-4957
A.   Full title of the plan and the address of the plan, if different from that of the issuer named below:
Educational Development Corporation Employee 401(k) Plan
10302 East 55th Place
Tulsa Oklahoma 74146
B.   Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Educational Development Corporation
10302 East 55th Place
Tulsa Oklahoma 74146
(918) 622-4522
 
 

 

 

REQUIRED INFORMATION
Item 4. Plan financial statements and schedules for the year ended February 28, 2006 have been prepared in accordance with the financial reporting requirements of ERISA.
     
    PAGE NUMBER
    IN THIS REPORT
Statements of Net Assets Available for Benefits as of February 28, 2006 and February 28, 2005
   F-1
 
    
Statement of Changes in Net Assets Available for Benefits for the year ended February 28, 2006
   F-2
Signature
     Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.
         
 
      Educational Development Corporation
 
      Employee 401(k) Plan
 
        
 
      By: /s/ Randall W. White
 
       
 
      Randall W. White, Trustee
 
        
 
      May 17, 2006

 

 

Educational Development Corporation
Employee 401(k) Plan
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF FEBRUARY 28, 2006
                 
    2006     2005  
INVESTMENTS
                
Participant directed, at fair value -
                
Employer common stock
   $ 1,505,495     $ 1,774,323  
Mutual funds
     405,047       341,485  
 
            
 
                
Total investments
   $ 1,910,542     $ 2,115,808  
 
            

F-1

 

Educational Development Corporation
Employee 401(k) Plan
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED FEBRUARY 28, 2006
         
Dividends and interest
   $ 27,055  
 
      
 
        
Contributions by:
        
Employees
     125,845  
Employer
     62,923  
Rollover
     —  
 
      
 
        
Total contributions
     188,768  
 
      
 
        
Total additions
     215,823  
 
        
Less:
        
Distributions to former participants
     53,822  
Forfeitures
     —  
 
      
 
     53,822  
 
      
 
        
Net increase before realized gains and losses
     162,001  
 
        
Net realized and unrealized investment gains and (losses)
     (365,916 )
 
        
Plan expenses
     (1,351 )
 
      
 
        
Net decrease in net assets
     (205,266 )
 
        
Net assets available for benefits, beginning of year
     2,115,808  
 
      
 
        
Net assets available for benefits, end of year
   $ 1,910,542  
 
      

F-2

-----END PRIVACY-ENHANCED MESSAGE-----