CONFORMED COPY
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
______________________________________
August 1, 1994
Date of Report (Date of earliest event reported)
TANDY CORPORATION
(Exact name of registrant as specified in charter)
Delaware 1-5571 75-1047710
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1800 Tandy Center, Fort Worth, Texas 76102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (817) 390-3700
The Index to Exhibits is on Page 5 of this Report.
<PAGE>
Item 5. Other
Tandy Corporation (NYSE:TAN) today announced that its Board
of Directors authorized management to purchase up to
7,500,000 shares of its common stock in addition to shares
required for employee plans. Purchases will be made from
time to time in the open market, and it is expected that
funding of the program will come from existing cash and
short-term debt.
John V. Roach, Chairman and Chief Executive Officer stated,
"The Board of Directors has just completed an annual review
of the Five-Year Strategic Plan which anticipates significant
growth of our retail operations. This growth will likely
generate cash that further deleverages the Company's existing
strong financial position and supports this share repurchase
program. As a part of Tandy's financial strategy, the Board
will review additional share repurchase programs from time to
time."
On June 30, 1994, Tandy had 63,713,000 common shares
outstanding, excluding 21,932,000 held in treasury, and
15,000,000 common stock equivalent in the form of PERCS.
Total debt represented 10.5% of total capital and Tandy's
cash balance was $278.3 million as of June 30, 1994.
Tandy Corporation, one of the nation's largest retailers of
consumer electronics, sells its products through
approximately 6,500 Radio Shack stores, 310 VideoConcepts
/McDuff/The Edge in Electronics stores, 49 Computer City
SuperCenters, and 5 Incredible Universe stores.
Item 7. Financial Statements and Exhibits
Listed below are the financial statements, pro forma
financial information and exhibits, if any, filed as a part
of this Report:
(a) Exhibits
1 Press Release 6
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized this 5th day of August, 1994.
TANDY CORPORATION
(Registrant)
Date August 5, 1994 By: /S/ William C. Bousquette
William C. Bousquette
Executive Vice President and
Chief Financial Officer
<PAGE>
Sequential
Page
Exhibit Description of Exhibit Number
------- ---------------------- ----------
1 Press Release. 6
<PAGE>
EXHIBIT 1
[Tandy Corporation News Release Letterhead]
FOR IMMEDIATE RELEASE
For Further Information Contact:
Martin O. Moad August 1, 1994
Director, Investor Relations TC-94-030
(817)390-3730
TANDY CORPORATION ANNOUNCES SHARE REPURCHASE PROGRAM
Tandy Corporation (NYSE:TAN) today announced that its Board
of Directors authorized management to purchase up to
7,500,000 shares of its common stock in addition to shares
required for employee plans. Purchases will be made from
time to time in the open market, and it is expected that
funding of the program will come from existing cash and
short-term debt.
John V. Roach, Chairman and Chief Executive Officer stated,
"The Board of Directors has just completed an annual review
of the Five-Year Strategic Plan which anticipates significant
growth of our retail operations. This growth will likely
generate cash that further deleverages the Company's existing
strong financial position and supports this share repurchase
program. As a part of Tandy's financial strategy, the Board
will review additional share repurchase programs from time to
time."
On June 30, 1994, Tandy had 63,713,000 common shares
outstanding, excluding 21,932,000 held in treasury, and
15,000,000 common stock equivalent in the form of PERCS.
Total debt represented 10.5% of total capital and Tandy's
cash balance was $278.3 million as of June 30, 1994.
Tandy Corporation, one of the nation's largest retailers of
consumer electronics, sells its products through
approximately 6,500 Radio Shack stores, 310 VideoConcepts
/McDuff/The Edge in Electronics stores, 49 Computer City
SuperCenters, and 5 Incredible Universe stores.
