{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-000221","form_type":"8-K","ticker":"TLF","cik":"0000909724","company_name":"TANDY LEATHER FACTORY INC","filed_at":"2025-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.761806+00:00","generated_at":"2026-05-28T17:12:08.164562+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Tandy Leather Factory appoints new CEO; Janet Carr resigns, stays through March 2025","bullets":["CEO Janet Carr resigns effective Jan 3; stays as non-executive through March 31, receives $310K retention bonus.","Johan Hedberg appointed CEO effective Jan 6; base salary $425K, target bonus 50% of base, max 100%.","Hedberg receives 100K RSUs (1-year vest) and up to 900K performance RSUs tied to six targets.","Director James Pappas resigns; John 'Rocky' Sullivan appointed to board; Sullivan is from JCP Investment Management (holds ~10% of TLF)."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-000221","json":"https://secwatch.observer/filing/0001140361-25-000221.json","markdown":"https://secwatch.observer/filing/0001140361-25-000221.md","text":"https://secwatch.observer/filing/0001140361-25-000221.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/909724/000114036125000221/0001140361-25-000221-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/909724/000114036125000221/ef20041106_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T17:12:08.164562+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"23d6e9b0a9","claim":"Janet Carr resigned as Chief Executive Officer at TANDY LEATHER FACTORY INC.","evidence_excerpt":"On January 2, 2025, Janet Carr submitted her resignation as Chief Executive Officer, principal financial officer and a member of the Board of Directors of Tandy Leather Factory, Inc. (the “Company”), effective as of the close of business on January 3, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909724/000114036125000221/0001140361-25-000221-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"3e61d145a5","claim":"James Pappas resigned as Director at TANDY LEATHER FACTORY INC.","evidence_excerpt":"On January 2, 2025, James Pappas resigned as a member of the Company’s Board of Directors and its Nominating and Governance Committee, effective as of January 3, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909724/000114036125000221/0001140361-25-000221-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"57497fb4a1","claim":"Johan Hedberg was appointed as Chief Executive Officer at TANDY LEATHER FACTORY INC.","evidence_excerpt":"On January 2, 2025, the Company’s Board of Directors appointed Johan Hedberg as the Company’s new Chief Executive Officer and a member of its Board of Directors, effective as of January 6, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909724/000114036125000221/0001140361-25-000221-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e1f82a25ec","claim":"John \"Rocky\" Sullivan was appointed as Director at TANDY LEATHER FACTORY INC.","evidence_excerpt":"On January 2, 2025, the Board of Directors of the Company appointed John “Rocky” Sullivan to the Company’s Board of Directors and its Nominating and Governance Committee, effective as of January 6, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/909724/000114036125000221/0001140361-25-000221-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}