What changed in this filing

/stocks — the workspaceLOADING

Item 5. Other Information

2025-10-09 compared with 2025-07-07 · 37 added, 21 removed, 24 unchanged (71% of the section changed)

OTHER INFORMATION

Certificate of Incorporation dated April 26, 1968 and Certificate of Amendment thereto dated June 21, 1968 are incorporated herein

by reference to Exhibit 1 to Registration Statement on Form 10-K (File No.

of Amendment of Restated Certificate of Incorporation dated August 27, 1977 is incorporated herein by reference to Exhibit 20.1 to

Form 10-K for fiscal year ended February 28, 1981 (File No.

as amended, are incorporated herein by reference to Exhibit 20.2.

to Form 10-K for fiscal year ended February 28, 1981 (File No.

of Amendment of Restated Certificate of Incorporation dated November 17, 1986 is incorporated herein by reference to Exhibit 3.3

On September 30, 2025, Educational

Development Corporation (the “Company”) received a Notice of Default and Reservation of Rights Letter (the “Notice”)

from BOKF, NA (the “Lender”) under the Company’s existing Credit Agreement (the “Credit Agreement”), dated

as of August 9, 2022.

The Notice indicated that an event of default had occurred and is continuing under the Credit Agreement (the “Existing

See Exhibit 10.20 under Item 6 filed herewith.

Under the terms of the Notice,

the lender has the right, among other remedies listed, to demand payment or repossess and liquidate the Company’s assets used as

collateral for the loans.

Additionally, under the terms of the credit agreement, there is an additional 2% default interest rate added

to the existing borrowing rates defined in the Credit Agreement and Amendments.

The bank has taken no action other than to deliver the

Reservation of Rights notice, and the Company continues to work with its lender on ongoing operations.

The total outstanding principal

balance under the Credit Agreement is approximately $29,949,100 as of September 30, 2025.

Restated Certificate of Incorporation dated April 26, 1968 and Certificate of Amendment thereto dated June 21, 1968 are incorporated herein by reference to Exhibit 1 to Registration Statement on Form 10-K (File No.

Certificate of Amendment of Restated Certificate of Incorporation dated August 27, 1977 is incorporated herein by reference to Exhibit 20.1 to Form 10-K for fiscal year ended February 28, 1981 (File No.

By-Laws, as amended, are incorporated herein by reference to Exhibit 20.2.

to Form 10-K for fiscal year ended February 28, 1981 (File No.

Certificate of Amendment of Restated Certificate of Incorporation dated November 17, 1986 is incorporated herein by reference to Exhibit 3.3 to Form 10-K for fiscal year ended February 28, 1987 (File No.

Certificate of Amendment of Restated Certificate of Incorporation dated March 22, 1996 is incorporated herein by reference to Exhibit 3.4 to Form 10-K for fiscal year ended February 28, 1997 (File No.

13 unchanged sentences

Eighth Amendment to Credit Agreement, effective April 4, 2025 by and between the Company and BOKF, NA, Tulsa, OK is incorporated herein by reference to Exhibit 10.01 to Form 8-K dated April 17, 2025 (File No.

Certification of

the Chief Executive Officer of Educational Development Corporation pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Certification of

Chief Financial Officer and Corporate Secretary of Educational Development Corporation pursuant to Section 302 of the Sarbanes-Oxley

Certification pursuant

Ninth Amendment to Credit Agreement, effective July 11, 2025 by and between the Company and BOKF, NA, Tulsa, OK is incorporated herein by reference to Exhibit 10.01 to Form 8-K dated August 12, 2025 (File No.

Notice of Default and Reservation of Rights, dated September 30, 2025, from BOKF, NA, Tulsa, OK.

Certification of the Chief Executive Officer of Educational Development Corporation pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Certification of Chief Financial Officer and Corporate Secretary of Educational Development Corporation pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Certification pursuant to 18 U.S.C.

Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

XBRL Instance Document

XBRL Taxonomy Extension Schema

XBRL Taxonomy Extension Calculation Linkbase

XBRL Taxonomy Extension Definition Linkbase

XBRL Taxonomy Extension Label Linkbase

XBRL Taxonomy Extension Presentation Linkbase

Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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 thereunto duly authorized.

Inline XBRL Instance Document

Inline XBRL Taxonomy Extension Schema

Inline XBRL Taxonomy Extension Calculation Linkbase

Inline XBRL Taxonomy Extension Definition Linkbase

Inline XBRL Taxonomy Extension Label Linkbase

Inline XBRL Taxonomy Extension Presentation Linkbase

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

Filed Herewith

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 thereunto

duly authorized.

EDUCATIONAL DEVELOPMENT CORPORATION

October 9, 2025

President, Chief Executive Officer, and

1 unchanged sentence

(Principal Executive Officer)

October 9, 2025

Chief Financial Officer and Corporate Secretary

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 5. Other Information