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: January 20, 1997
Date of Earliest Event Reported: January 15, 1997
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 January 15, 1997, Registrant issued a press release announcing
the resignation of Frank Bigger as Director of Tandycrafts, Inc.
and as Chief Executive Officer of its Frames and Framed Art
Division.
ITEM 7. 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 resignation
of Frank Bigger as Director of Tandycrafts, Inc.
and as Chief Executive Officer of its Frames and
Framed Art Division.
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: January 20, 1997 By:/s/ Michael J. Walsh
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Michael J. Walsh
President
Date: January 20, 1997 By:/s/ James D. Allen
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James D. Allen
Chief Financial Officer
FOR IMMEDIATE RELEASE
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FRANK BIGGER RESIGNS AS DIRECTOR OF TANDYCRAFTS, INC. AND
AS CHIEF EXECUTIVE OFFICER OF THE
FRAMES AND FRAMED ART DIVISION
Fort Worth, Texas. January 15, 1997 -- TANDYCRAFTS, INC. (the "Company")
(NYSE: TAC) announced today that Mr. Frank Bigger has resigned his position as a
Director of the Company and as Chief Executive Officer of the Frames and Framed
Art Division in order to pursue other interests. Mr. Bigger will continue to
work with the Company as a consultant. Mr. Michael Walsh, Chief Executive
Officer of the Company, will succeed Mr. Bigger as Chief Executive Officer of
the Frames and Framed Art Division on an interim basis.
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 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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