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: June 25, 1999
Date of Earliest Event Reported: June 24, 1999
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 June 24, 1999, Registrant issued a press release announcing it
had added retail industry veteran Colon O. Washburn as a new
board member.
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 it had added
retail industry veteran Colon O. Washburn as a new
board member.
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: June 25, 1999 By:/s/ Michael J. Walsh
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Michael J. Walsh, President
and Chief Executive Officer
Date: June 25, 1999 By:/s/ James D. Allen
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James D. Allen, Executive Vice
President and Chief Financial
Officer
Date: June 25, 1999 By:/s/ Troy A. Huseman
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Troy A. Huseman
Assistant Vice President and
Controller
CONTACT: Jim Allen, Mike Murray
Tandycrafts, Inc. (817) 551-9600
([email protected])
FOR IMMEDIATE RELEASE or
Jeff Lambert, Brian Edwards
Lambert, Edwards & Associates, Inc. (616) 233-0500
([email protected])
TANDYCRAFTS ADDS RETAIL EXECUTIVE AS NEW BOARD MEMBER
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FORT WORTH, Texas - June 24, 1999 - The board of directors of Tandycrafts, Inc.
(NYSE: TAC) today announced it has added retail industry veteran Colon O.
Washburn as a director.
The Fort Worth, Texas-based consumer products maker and marketer said the
addition of Washburn, 54, reflects Tandycrafts' continuing focus on building its
distribution channels and stable of consumer brands. Washburn brings over 25
years experience in the retail and consumer products industry to Tandycrafts'
five-person board. He fills a seat that has been vacant since December 1998,
following the death of longtime board member Robert Schutts.
"We expect Colon will be a key contributor to Tandycrafts board," said Michael
Walsh, president and chief executive officer of Tandycrafts. "His knowledge and
experience both as a retail executive and consultant to the industry will be
important as we strive for new ways to improve our operations, expand our depth
of products, and enhance our service to customers."
Washburn is a partner with Bentonville Associates Ventures, L.L.C., a retail and
consumer products consulting firm, and president of Beau Terre, Inc., a real
estate development company. Washburn previously served as a merchant consultant
for Thailand-based C.P. Group and held a variety of senior level positions with
Wal-Mart Stores Inc. and its Sam's Wholesale Club division.
Washburn is on the board of directors of Houston, Texas-based grocery and retail
distributor Fresh America Corp. (Nasdaq:FRES). He also serves as a director for
Maui, Hawaii-based Kaua Technology, Ltd. and Bank of Rogers in Rogers, Arkansas.
Washburn holds a bachelor's degree in business administration from Central
Missouri State College and served in the United States Air Force.
Tandycrafts, Inc. (www.tandycrafts.com) is a manufacturer, distributor and
retailer of consumer products, including frames and wall decor, office supplies,
leather and crafts, and novelties and promotional products. The Company's
products are marketed and sold nationwide through wholesale distribution
channels, including mass merchandisers and specialty retailer, and direct-to-
consumer channels through the Company's retail stories, mail order and the
Internet. Tandycrafts is headquartered in Fort Worth, Texas.
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