EDUCATIONAL DEVELOPMENT CORPORATION (NASDAQ:EDUC) Files An 8-K Regulation FD DisclosureItem 7.01Regulation FD Disclosure
On August 22, 2018, the Company issued a press release announcing the completion of its previously announced 2 for 1 stock split of its common stock. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
The information disclosed in this Item 7.01, 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 8.01Other Events
On August 22, 2018, the Company completed its previously announced 2 for 1 stock split, which was executed in the form of a dividend of one share of the Company’s common stock for each share outstanding to the shareholders of record as of August 14, 2018.
The Company’s shares began trading on a post-split basis on the NASDAQ beginning at the opening of trading on August 23, 2018.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
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Exhibit No. |
Description |
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99.1 |
Press Release Dated August 22, 2018. |
EDUCATIONAL DEVELOPMENT CORP ExhibitEX-99.1 2 ex_122626.htm EXHIBIT 99.1 ex_122626.htm EXHIBIT 99.1 PRESS RELEASE EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES TWO FOR ONE STOCK SPLIT TULSA,…To view the full exhibit click here
About EDUCATIONAL DEVELOPMENT CORPORATION (NASDAQ:EDUC)
Educational Development Corporation (EDC) is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The Company also owns Kane Miller Book Publishers. The Company sells books through two segments: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing). The UBAM Division distributes books nationwide through independent consultants, who hold book showings in individual homes, through social media, book fairs, direct sales and Internet sales. The Publishing Division markets books to bookstores (including national chains), toy stores, specialty stores, museums and other retail outlets throughout the country. The Company offers over 2,000 different titles, which include touchy-feely board books, activity and flashcards, adventure and search books, art books, sticker books and foreign language books.