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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Date
of report (Date of earliest event reported):
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August 11,
2009
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Tandy Leather Factory,
Inc.
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(Exact
Name of Registrant as Specified in Its
Charter)
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Delaware
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(State
or Other Jurisdiction of
Incorporation
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1-12368
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75-2543540
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(Commission
File Number)
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(IRS
Employer Identification Number)
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1900
Southeast Loop 820, Fort Worth, Texas
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76140
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(817)
872-3200
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(Registrant’s
Telephone Number, Including Area
Code)
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(Former
Name or Former Address, if Changed Since Last
Report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement
On August
11, 2009, Tandy Leather Factory, Inc. (the “Company”) announced that it has
entered into an agreement with Ronald C. Morgan, founder and former Chief
Executive Officer, to purchase a total of 500,000 shares of the Company’s
outstanding stock from Mr. Morgan and his wife. The shares represent
approximately 4.7% of the Company total outstanding common stock. The
shares will be purchased for $2.85 per share, or a total purchase price of
$1.425 million. This price represents a 6.5% discount to the August
7, 2009 closing price. The Company intends to fund the stock purchase
transaction out of currently available cash. This transaction is
expected to be completed as soon as possible, subject to certain customary
closing conditions.
The full
text of the press release is furnished as Exhibit 99.1 to this
report.
Item
9.01 Financial Statements and Exhibits.
Exhibit
No. Description
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99.1
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Press
Release, dated August 11, 2009
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99.2
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Stock
Purchase Agreement
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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: August
11, 2009
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BY: /s/ Shannon L. Greene
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Chief
Financial Officer & Treasurer
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