EDUCATIONAL DEVELOPMENT CORP
For the period ended Jul 2, 2025. Filed May 22, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jul 2, 2025 · Filed May 22, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant☒
Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
Educational Development Corporation
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
☒ No fee required.
☐ Fee paid previously with preliminary materials.
☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.
Notice of Annual Meeting
and Proxy Statement
Annual Meeting of Shareholders
Wednesday, July 2, 2025
EDUCATIONAL DEVELOPMENT CORPORATION
Tulsa, Oklahoma 74146
To The Shareholders of Educational Development Corporation:
You are cordially invited to attend the 2025 annual meeting of shareholders of Educational Development Corporation on Wednesday, July 2, 2025. The meeting will be held at our Corporate Offices, 5402 S 122nd E Ave, Tulsa, Oklahoma, commencing at 10:00 a.m., Central Standard Time.
The notice of the annual meeting and proxy statement accompanying this letter provide information concerning matters to be considered and acted upon at the annual meeting. During the annual meeting we will provide a report on our operations, followed by a time for questions and answers.
Whether or not you plan to attend the annual meeting, we encourage you to vote as promptly as possible using the instructions provided in this filing so that your shares are represented at the meeting. Regardless of the number of shares you own, your vote is important.
Thank you for your continued interest and support.
Sincerely,
Craig M. White
Enclosures
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on July 2, 2025
The proxy statement and annual report to shareholders are available at http://www.edcpub.com
TABLE OF CONTENTS
| NOTICE OF ANNUAL MEETING OF SHAREHOLDERS | 1 |
|---|---|
| QUESTIONS AND ANSWERS | 2 |
| VOTING SECURITIES | 4 |
| PROPOSAL FOR ACTION AT THE ANNUAL MEETING | 4 |
| – Proposal One, ELECTION OF DIRECTORS | 4 |
| BOARD OF DIRECTORS | 6 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 9 |
| SECTION 16 (A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE | 10 |
| EXECUTIVE OFFICERS OF THE REGISTRANT | 10 |
| EXECUTIVE COMPENSATION | 10 |
| ANNUAL BONUSES AND EQUITY AWARDS | 11 |
| OUTSTANDING EQUITY AWARDS AS OF FISCAL YEAR ENDED FEBRUARY 29, 2024 | 12 |
| PAY VERSUS PERFORMANCE DISCLOSURE | 13 |
| COMPENSATION COMMITTEE REPORT | 14 |
| REPORT OF THE AUDIT COMMITTEE | 15 |
| INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS | 16 |
| PROPOSAL FOR ACTION AT THE ANNUAL MEETING | 16 |
| –Proposal Two, RATIFICATION OF ACCOUNTING FIRM | 16 |
| SHAREHOLDER PROPOSALS | 17 |
| OTHER MATTERS | 18 |
EDUCATIONAL DEVELOPMENT CORPORATION
Tulsa, Oklahoma 74146
(918) 622-4522
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.