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
__________________________________
January 21, 1995
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
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Item 5. Other
NOTICE OF REDEMPTION
to the Holder of all outstanding shares
of Series C Conversion Preferred Stock
and
to the holders of all outstanding $2.14 Depositary Shares
each representing 1/100th of a share of Series C Conversion
Preferred Stock
of
TANDY CORPORATION
Notice is hereby given that Tandy Corporation (the
"Company") has elected to redeem on March 10, 1995 (the
"Redemption Date") all of its 150,000 shares of its Series C
Conversion Preferred Stock (the "Preferred Stock"). The
shares of Preferred Stock to be redeemed constitute all of
the shares of Preferred Stock currently outstanding.
Redemption of the Preferred Stock will result in the
redemption of 15,000,000 $2.14 Depositary Shares (the
"Depositary Shares"), each representing 1/100th of a share of
Preferred Stock, on the Redemption Date.
Upon such redemption, the holder of the Preferred Stock
will receive, in exchange for each share of Preferred Stock
called for redemption 78.775715 shares of Common Stock, par
value $1 per share (the "Common Stock"), of the Company, plus
a cash payment of $32.10 representing accrued and unpaid
dividends to and including the Redemption Date. The total
number of shares of Common Stock deliverable upon redemption
of the Preferred Stock is 11,816,358. The number of shares
of Common Stock to be delivered in respect of each share of
Preferred Stock called for redemption is equivalent to $39.25
(which is the applicable call price per share of Preferred
Stock) divided by $49.825 (the Current Market Price of the
Common Stock determined as follows: For purposes of such
redemption, "Current Market Price" means the average of the
daily closing prices of the Common Stock on the New York
Stock Exchange for the five consecutive trading days ending
on and including January 19, 1995).
Each owner of Depositary Shares called for redemption
will receive in exchange for each Depositary Share called for
redemption, 0.78775715 share of Common Stock plus a cash
payment of $0.321, representing accrued and unpaid dividends
to and including the Redemption Date.
The places where the Depositary Receipts evidencing the
Depositary Shares called for redemption (or the certificate
or certificates evidencing the shares of Preferred Stock, as
the case may be), are to be surrendered for redemption are:
If delivered by overnight courier:
The First National Bank of Boston
Shareholder Services Division
150 Royall Street
Mail Stop 45-01-19
Canton, Massachusetts 02021
If delivered by mail:
The First National Bank of Boston
Shareholder Services Division
P.O. Box 1889
Mail Stop 45-01-19
Boston, Massachusetts 02105
If delivered by hand:
BancBoston Trust Company of New York
55 Broadway
Third Floor
New York, New York
Settlement hereunder will be made upon such surrender of
Depositary Receipts, accompanied by proper instruments of
assignment and transfer if payment is to be made to other
than the registered holder.
Dividends on the shares of Preferred Stock (and thereby
the Depositary Shares) to be redeemed will cease to accrue on
the Redemption Date unless the Company shall default in
delivering the shares of Common Stock and cash payable by it
pursuant to the terms of the Preferred Stock.
The record date for the determination of holders of
Depositary Shares to be redeemed will be February 6, 1995.
This notice (including a Letter of Transmittal) will be
mailed to the holders of Depositary Shares as soon as
practicable after the record date.
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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 1st day of February, 1995.
TANDY CORPORATION
(Registrant)
Date February 1, 1995 By: /S/ DWAIN H. HUGHES
-------------------
Dwain H. Hughes
Senior Vice President and
Chief Financial Officer
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