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Previous: TAMBRANDS INC, 10-K405, 1996-03-29 |
Next: TECH SYM CORP, 10-K405, 1996-03-29 |
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
Date of Report: March 29, 1996
Date of Earliest Event Reported: March 28, 1996
TANDYCRAFTS, INC.
A DELAWARE CORPORATION
1-7258 75-1475224
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(Commission File Number) (IRS Employer Identification No.)
1400 Everman Parkway
Fort Worth, Texas 76140
(817) 551-9600
ITEM 5. OTHER EVENTS
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(a) On March 28, 1996, Registrant issued a press release announcing
the sale of Prestige Leather Company.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits.
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Exhibit
Number Description
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99 Copy of press release announcing the
sale of Prestige Leather Company
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned thereunto duly authorized.
TANDYCRAFTS, INC.
Date: March 28, 1996 By:/s/ Jerry L. Roy
----------------------
Jerry L. Roy,
President
Date: March 28, 1996 By:/s/ Michael J. Walsh
----------------------
Michael J. Walsh
Chief Financial Officer
FOR IMMEDIATE RELEASE
- ---------------------
TANDYCRAFTS, INC. SELLS PRESTIGE LEATHER COMPANY
Fort Worth, Texas, March 27, 1996 -- Tandycrafts, Inc. (NYSE: TAC) announced
today that in connection with its recent restructuring program, it has completed
the sale of Prestige Leather Creations ("Prestige") to Prestige's current
management team. Terms of the sale were not disclosed.
Tandycrafts, Inc. is a specialty retailer and manufacturer. Included in
its specialty retail segment are Tandy Leather Company, Joshua's Christian
Stores, Cargo Furniture & Accents, and Sav-On Discount Office Supplies. Its
specialty manufacturing segment is comprised of two manufacturing divisions;
Frames and Framed Art and Tandy Wholesale International ("TWI").
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