Tandy Leather Factory Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement
$TLF
Apparel
Consumer Discretionary
UNITED STATES
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
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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
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Item 1.01
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Entry into a Material Definitive Agreement
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On June 17, 2025, Tandy Leather Factory, Inc. (the “Company”) entered into an agreement (the “Stock Repurchase Agreement”) with Janet Carr (the
“Seller”), a shareholder and former executive of the Company, to repurchase 430,897 shares (the “Shares”) of the Company’s common stock, par value $0.0024 (the “Common Stock”) in a private transaction. The purchase price was $3.00 per Share and
$1,292,691 in total. The closing of the repurchase (the “Closing”) of the Securities is expected to take place on or before June 30, 2025. Prior to the repurchase, the Shares represented approximately 5.1% of the Company’s outstanding Common
Stock.
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, 2020 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: June 20, 2025
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By:
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/s/ Johan Hedberg |
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Johan Hedberg, Chief Executive Officer
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