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 6, 1999
Date of Earliest Event Reported: January 5, 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 January 5, 1999, Registrant issued a press release announcing
that Robert Schutts, a longtime member of the Tandycrafts board
of directors, passed away Tuesday, December 22, 1998.
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 that Robert
Schutts, a longtime member of the Tandycrafts
board of directors, passed away Tuesday, December
22, 1998.
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 6, 1999 By:/s/ Michael J. Walsh
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Michael J. Walsh
President
Date: January 6, 1999 By:/s/ James D. Allen
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James D. Allen
Chief Financial Officer
FOR IMMEDIATE RELEASE
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TANDYCRAFTS ANNOUNCES PASSING OF LONGTIME
BOARD MEMBER ROBERT SCHUTTS
FORT WORTH, Texas (January 5, 1999) - TANDYCRAFTS, INC. (NYSE: "TAC"),
regretfully announced that Robert Schutts, 76, a longtime member of the
Tandycrafts board of directors, passed away Tuesday, December 22 at his home
after a courageous battle with cancer.
Mr. Schutts joined Tandycrafts board of directors in September 1975 and served
as a director for 23 years. He served as an active member of several board
committees during his distinguished tenure on the Tandycrafts board. He is
survived by his wife of 53 years, Kathryn; three children and six grandchildren.
"Everyone at Tandycrafts is deeply saddened by the death of our good friend, Bob
Schutts. Our sincerest sympathies and prayers go out to his family," said
Michael Walsh, Tandycrafts President and CEO. "Bob provided tremendous
leadership and direction to Tandycrafts' board over the past 23 years, and his
contributions will be missed."
Tandycrafts, Inc. manufactures, distributes and/or retails products through four
distinct product-related divisions: Frames and Wall Decor, Leather and Crafts,
Office Supplies and Novelties and Promotional. The Company is headquartered in
Fort Worth, Texas and its common stock is listed on the New York Stock Exchange
under the ticker symbol "TAC".
For further information, please contact:
Michael J. Walsh, CEO (817) 551-9600
