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 29, 2018
EDUCATIONAL DEVELOPMENT CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Delaware | 000-04957 | 73-0750007 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 5402 S 122nd E Avenue, Tulsa, Oklahoma 74146 |
| (Address of Principal Executive Offices) (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: | ||
| [ ] | 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)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 Item 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 8.01. Other Events.
On June 29, 2018, the Company issued a press release announcing that the Company and Usbourne Publishing, LTD. (a U.K. based publisher) announce plans to co-publish Spanish titles in United States beginning in January 2019.
Item 9.01. Financial Statements and Exhibits.
(d) EXHIBITSExhibit
Number Description 99.1 Press Release dated 6/29/18
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 | ||
| Date: June 29, 2018 | By: | /s/ Dan E. O’Keefe |
| Dan E. O’Keefe | ||
| Chief Financial Officer | ||
EXHIBIT 99.1
Educational Development Corporation and Usborne Publishing, Ltd. Announce Plans to Publish Extensive Range of Spanish Language Titles
TULSA, Okla., June 29, 2018 (GLOBE NEWSWIRE) -- Today Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) and Usborne Publishing, Ltd. (Usborne) are pleased to announce plans to publish an extensive range of Spanish language titles for the US market. With over 41 million Americans having Spanish as their first language, and a further 11 million bilingual speakers, there is a growing demand for quality children's books in the Spanish language.
Randall White, President & CEO of EDC, stated, “Over the years, within our full array of Usborne books available, EDC has offered a few titles that provide a basic introductory concept to the Spanish language, including First Thousand Words in Spanish and The Big Book of Spanish Words. I believe that the inclusion of Spanish titles to an already brilliant catalog will be met with much enthusiasm.”
Peter Usborne commented, "Our relationship with EDC is over 30 years old and has been hugely successful in putting Usborne's English language books into the hands of American children and their parents. I'm delighted that we are able to add Spanish language publishing to this incredible cooperation. Whether it's English-speaking children expanding their knowledge of other languages, or children from a Spanish-speaking background who want to connect with their language, I am tremendously excited at the opportunity to reach millions of new Usborne readers in the USA."
Usborne Spanish titles will be published in the US under the Usborne imprint in partnership with EDC beginning in January, 2019 with the release of EDC’s Spring catalog.
About Usborne Publishing:
Usborne is the UK’s leading specialist children’s book publisher: an independent, family business which creates engaging, innovative, accessible books for children of all ages. Usborne books are written to appeal directly to children, and are there for every age and stage from newborn baby to young adult. Children can grow with Usborne books. For distinctive, enriching books for children, look for the Usborne balloon. Find out more at www.usborne.com.
About Educational Development Corporation
EDC is a publishing company specializing in books for children. EDC is the sole American distributor of the UK-based Usborne Books and owns Kane Miller Books, specializing in children’s literature from around the world. EDC’s current catalog contains over 2,000 titles, with new additions semi-annually. Both Usborne and Kane Miller products are sold via retail outlets and by direct sales consultants nationally.
Investor relations contact:
Educational Development Corporation
Randall White, (918) 622-4522