Educational Development Corporation (NASDAQ:EDUC) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On March 13, 2017, Educational Development Corporation announced via press release, record unaudited net revenues for fiscal year 2017 ended February 28, 2017. A copy of the press release is attached hereto.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Marilyn R. Pinney, controller (principal financial officer) and corporate secretary, resigned effective March 6, 2017.
Dan E. O’Keefe, has been appointed Chief Financial Officer (principal financial officer) and corporate secretary, effective March 6, 2017.
Item 9.01. Financial Statements and Exhibits.
(d) EXHIBITS
99.1 Press release dated as of March 13, 2017
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. Educational Development Corporation (NASDAQ:EDUC) Recent Trading Information
Educational Development Corporation (NASDAQ:EDUC) closed its last trading session up +0.15 at 9.25 with 1,214 shares trading hands.