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
----------------------------------------------------------
April 6, 1998
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 File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
100 Throckmorton, Suite 1800, Fort Worth, Texas 76102
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (817) 415-3700
<PAGE>
Item 5. OTHER
The text of a press release issued by the Company on April 6, 1998, is set forth
below:
Tandy Announces Management Changes for 1999
John V. Roach Remains Chairman
Leonard H. Roberts Becomes
Chief Executive Officer
FORT WORTH, TEXAS -- The Tandy Board of Directors announced that it has accepted
the plan of Chairman and Chief Executive Officer, John V. Roach, to step down as
Chief Executive Officer at the end of 1998. The Board has selected Leonard H.
Roberts, the company's President, to become Chief Executive Officer effective
January 1, 1999. Mr. Roach will continue to fulfill his dual role of Chairman
and Chief Executive Officer until the end of the year when he will become a non
executive Chairman of the Board.
"While I expect to be an active supporter and cheerleader of the company as
Chairman, I have long planned to retire at age 60, which will occur later this
year. After 31 years with Tandy and 20 years with the principal responsibility
for the strategic direction and day-to-day progress of the company, I am pleased
to have Leonard Roberts assume that responsibility. Len, in his five years with
the company, has proven that he can provide the leadership so important in the
future," said Mr. Roach.
"Tandy and RadioShack have a tremendous heritage and tradition. I believe we are
well positioned for growth into the next millennium," said Leonard H. Roberts,
President of Tandy and RadioShack.
In the press release set forth above, the Company makes certain forward-looking
statements. These statements are based on the Company's currant expectations and
are subject to a number of risks and uncertainties that could cause actual
results in the future to differ significantly from results expressed or implied
in any forward-looking statements made by or on behalf of the Company. These
risks and uncertainties include but are not limited to uncertainties regarding
the extent of consumer demand for products and services, and the risks
associated with competitive products and pricing. Additional risks are set forth
in more detail in the Company's Annual Report on Form 10-K for the year ended
December 31, 1997.
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 6th day of April, 1998.
TANDY CORPORATION
(Registrant)
Date April 6, 1998 /s/ Dwain H. Hughes
Dwain H. Hughes
Senior Vice President and
Chief Financial Officer
