Educational Development Corp Announces Resignation and Appointment of Chairman

Educational Development Corporation (NASDAQ: EDUC) recently made significant changes to its Board of Directors, as detailed in a Form 8-K filing with the Securities and Exchange Commission.

On January 8, 2025, the company’s acting Director and Chairman of the Board, Randall White, tendered his resignation, effective the same day. During a regularly scheduled quarterly board meeting, Mr. White informed the Board of his decision to step down. He had been a Class III Director elected to serve through the 2025 annual meeting of shareholders. Mr. White reassured there were no disputes with management or its accounting practices. Having joined EDC in 1983, he served as President & CEO from 1986 to 2021 and Chairman of the Board since 1986. Additionally, Mr. White established the Company’s direct-selling division in 1988.

To fill the position left vacant by Mr. White, the Board unanimously elected Craig White, the company’s Chief Executive Officer and President, as the new Chairman. Mr. Craig White, a Class II Director elected to serve through 2026, assumed his new role on the same day.

As of the filing date, the Board has not appointed a replacement for Mr. Randall White’s vacant director position. However, it anticipates filling the position by the upcoming annual shareholders meeting in July 2025. Following Mr. Randall White’s resignation, the Board of Directors now comprises three independent directors and one non-independent director, satisfying the NASDAQ listing requirements.

The information uncovered in the 8-K filing, including the resignation of Randall White and the appointment of Craig White as the new Chairman, is being presented and is not intended to be deemed as “filed” under the Securities Exchange Act of 1934, nor will it be incorporated by reference in any filings under the Securities Act of 1933 or the Exchange Act unless expressly noted.

In light of these developments, Educational Development Corporation continues to evolve its leadership structure, acknowledging the contributions of past leaders while looking ahead to future endeavors under new guidance.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Educational Development’s 8K filing here.

Educational Development Company Profile

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.