Tandy Leather Factory Inc 8-K, filed Dec 6, 2024
Tandy Leather Factory Inc (TLF)
8-K
2024-12-06
For: 2024-12-06
View Original
Added on
April 08, 2026
About this 8-K
Tandy Leather Factory Inc filed this 8-K on December 6, 2024.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
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| Item 1.01 |
Entry into a Material Definitive Agreement
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On December 6, 2024, Tandy Leather Factory, Inc. (the “Company”) entered into a Purchase and Sale Agreement for the sale of its corporate headquarters
facilities, including its primary distribution center and flagship store, in Fort Worth, Texas. The agreement, between the Company’s wholly-owned subsidiary, The Leather Factory, LP, and Colonna Brothers, Inc., provides for a cash purchase price for
the facilities of $26.5 million, and the transaction is expected to close in January 2025. Upon the closing, the Company intends to enter into lease agreements to remain in its current spaces until approximately September 2025, while it identifies
and prepares to move to new facilities in the Fort Worth, Texas area.
Forward Looking Statements
Certain statements contained in this report and other materials the Company files with the SEC, as well as
information included in oral statements or other written statements made or to be made by the Company, other than statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “may,” “will,” “could,” “should,” “anticipate,” “believe,” “budgeted,” “expect,” “intend,” “plan,”
“project,” “potential,” “estimate,” “continue,” “outlook,” “forecast” or “future,” variations thereof or other similar statements. Please refer to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, for additional
information concerning these and other uncertainties that could negatively impact the Company. The Company assumes no obligation to update or otherwise revise its forward-looking statements, except as required
by law.
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 by the undersigned hereunto duly authorized.
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TANDY LEATHER FACTORY, INC.
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Date: December 6, 2024
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By: /s/ Janet Carr
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Janet Carr, Chief Executive Officer
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