EDUCATIONAL DEVELOPMENT CORP — Regulatory Filings 2006

May 17, 2006

11-K 1 d36326e11vk.htm FORM 11-K e11vk PAGEBREAK

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 11-K

(Mark One)

þ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended February 28, 2006.

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, 2006 have been prepared in accordance with the financial reporting requirements of ERISA.

	PAGE NUMBER
	IN THIS REPORT
Statements of Net Assets Available for Benefits as of February 28, 2006
and February 28, 2005	F-1
Statement of Changes in Net Assets Available for Benefits for the year
ended February 28, 2006	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
May 17, 2006

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Educational Development Corporation Employee 401(k) Plan

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF FEBRUARY 28, 2006

	2006	2005
INVESTMENTS
Participant directed, at fair value -
Employer common stock	$ 1,505,495	$ 1,774,323
Mutual funds	405,047	341,485
Total investments	$ 1,910,542	$ 2,115,808

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, 2006

Dividends and interest	$
Contributions by:
Employees	125,845
Employer	62,923
Rollover	—
Total contributions	188,768
Total additions	215,823
Less:
Distributions to former participants	53,822
Forfeitures	—
	53,822
Net increase before realized gains and losses	162,001
Net realized and unrealized investment gains and (losses)	(365,916	)
Plan expenses	(1,351	)
Net decrease in net assets	(205,266	)
Net assets available for benefits, beginning of year	2,115,808
Net assets available for benefits, end of year	$ 1,910,542

F-2