EDUCATIONAL DEVELOPMENT CORP — Regulatory Filings 2005

Sep 26, 2005

11-K 1 d28981e11vk.htm FORM 11-K e11vk PAGEBREAK

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

(Mark One)

x	ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the fiscal year ended February 28, 2005.
o	TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from to .

Commission file number: 0-4957

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

Educational Development Corporation Employee 401(k) Plan 10302 East 55 th Place Tulsa Oklahoma 74146

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Educational Development Corporation 10302 East 55 th Place Tulsa Oklahoma 74146 (918) 622-4522

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REQUIRED INFORMATION

Item 4. Plan financial statements and schedules for the year ended February 28, 2005 have been prepared in accordance with the financial reporting requirements of ERISA.

IN THIS REPORT
Statements of Net Assets Available for Benefits as of February 28, 2005
and February 29, 2004	F-1
Statement of Changes in Net Assets Available for Benefits for the year
ended February 28, 2005	F-2

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.

Educational Development Corporation Employee 401(k) Plan
By:	/s/ Randall W. White
	Randall W. White,
Trustee Date: September 26, 2005

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Educational Development Corporation Employee 401(k) Plan

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF FEBRUARY 28, 2005

	2005	2004
INVESTMENTS
Participant directed, at fair value -
Employer common stock	$ 1,774,323	$ 1,670,729
Mutual funds	341,485	317,025
Total investments	$ 2,115,808	$ 1,987,754

F-1

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Educational Development Corporation Employee 401(k) Plan

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED FEBRUARY 28, 2005

Dividends and interest	$
Contributions by:
Employees	141,486
Employer	70,743
Rollover	4,878
Total contributions	217,107
Total additions	235,807
Less:
Distributions to former participants	199,848
Forfeitures	—
	199,848
Net increase before realized gains and losses	35,959
Net realized and unrealized investment gains and (losses)	93,248
Plan expenses	(1,153	)
Net increase in net assets	128,054
Net assets available for benefits, beginning of year	1,987,754
Net assets available for benefits, end of year	$ 2,115,808

F-2