Current Report Filing (8-k)
September 07 2017 - 3:10PM
Edgar (US Regulatory)
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): September 6, 2017.
EDUCATIONAL DEVELOPMENT CORPORATION
(
Exact name of registrant as specified in its charter
)
Delaware
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000-04957
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73-0750007
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(
State or other jurisdiction of
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(Commission file number)
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(I.R.S. Employer
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incorporation
or organization)
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Identification
No.
)
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5402 South 122nd East Avenue, Tulsa, Oklahoma 74146
(
Address of principal executive offices and Zip Code
)
(918) 622-4522
(
Registrant’s telephone number, including area code
)
N/A
(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:
[ ]
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Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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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. ___
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ITEM 1.01
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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On September 1, 2017, the Company executed the Sixth Amendment Loan
Agreement (the “Amendment”) with Midfirst Bank (the “Lender”) related to our Loan Agreement dated as of
March 10, 2016, as amended (the “Loan Agreement”). The Amendment modifies the Loan Agreement to increase the maximum
revolving principal amount from $10.0 million to $15.0 million.
The foregoing description of the Amendment is not complete and
is qualified in all respects subject to the actual provisions of the amendment, a copy of which has been filed as Exhibit 10.01
and is incorporated by reference herein.
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ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(d) EXHIBITS
Exhibit
Number
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Description
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10.01
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Sixth Amendment Loan Agreement
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Educational Development Corporation
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By:
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/s/ Randall W. White
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Randall W. White
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President and Chief Executive Officer
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Date: September 6, 2017
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