Item 8.01. Other Events.

The filing by EACO Corporation (the "Company") of its Quarterly Report on Form 10-Q for the quarter ended November 30, 2021 ("Form 10-Q") was delayed due to the Company and its independent auditors unable, without unreasonable effort or expense, to complete the financial information and other disclosures for the Form 10-Q prior to the filing deadline. As disclosed previously, the Company was not able to file its Annual Report on Form 10-K for the fiscal year ended August 31, 2021 ("Form 10-K") because it required additional time to complete various audit requirements, including valuation analyses of the Company's prepaid inventory and recording of unclaimed property that will affect current and prior year results of operations. As the Company continues to work with its auditors to complete the Form 10-K, the Company is dedicating its resources to the completion of the Form 10-K and therefore requires additional time to prepare and file the Form 10-Q.

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