教育发展公司2024年度报告

(Mark One) For the fiscal year endedFebruary 28,2025 EDUCATIONAL DEVELOPMENT CORPORATION (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code(918)622-4522 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The aggregate market value of the outstanding shares of common stock held by non-affiliates of the registrant at the price at which thecommon stock was last sold on August 31, 2024 on the NASDAQ Stock Market, LLC was $12,536,500. As of May 12, 2025 there were8,583,201shares of common stock were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for fiscal year 2025 relating to our Annual Meeting of Shareholders to be held on July 2, 2025, areincorporated by reference into Part III of this Report on Form 10-K. TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem 6.[Reserved]Item 7.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 7A.Quantitative and Qualitative Disclosures About Market Risk PART III Item 10.Directors, Executive Officers and Corporate Governance Item 11.Executive Compensation Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13.Certain Relationships and Related Transactions, and Director IndependenceItem 14.Principal Accounting Fees and Services PART IV Table of Contents PART I FORWARD-LOOKING STATEMENTS CAUTIONARY REMARKS REGARDING FORWARD LOOKING STATEMENTS The information discussed in this Annual Report on Form 10-K includes“forward-looking statements.”These forward-looking statements are identified by their use of terms and phrases such as“may,” “expect,” “estimate,” “project,” “plan,” “believe,”“intend,” “achievable,” “anticipate,” “continue,” “potential,” “should,” “could,”and similar terms and phrases. Although we believethat the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks anduncertainties and we can give no assurance that such expectations or assumptions will be achieved. Known and unknown risks, ●our success in recruiting and retaining new brand partners,●our ability to locate and procure desired books, ●product and supplier concentrations, ●our relationship with our primary supplier and the related distribution requirements and contractual limitations,●adverse publicity associated with our Company or the industry,●our ability to ship