Tandy Leather sells HQ, declares $1.50 special dividend, signs new 10-year lease

TANDY LEATHER FACTORY INC

Closed sale of current HQ facilities (distribution center and flagship store) to Colonna Brothers, Inc.
Entered into 10-year lease for ~134,000 sq ft in Benbrook, TX; initial monthly rent ~$111k (incl. taxes, maintenance).
Special dividend of $1.50 per share payable Feb 18, 2025 to holders of record Feb 3.
Director Eric Speron resigns effective Jan 31, 2025; no disagreement.
Chairman Jeff Gramm says board will consider additional special dividend after moves complete.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Eric Speron

Director

TLF · TANDY LEATHER FACTORY INC

Effective: 2025-01-31
Filed: January 30, 2025, 6:59 PM ET

On January 27, 2025, Eric Speron resigned as a member of the Company’s Board of Directors and its Compensation Committee, effective as of January 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Speron resigned as Director at TANDY LEATHER FACTORY INC.

Action: resigned
Role: Director

Exact text from the filing

On January 27, 2025, Eric Speron resigned as a member of the Company’s Board of Directors and its Compensation Committee, effective as of January 31, 2025.

View on SEC.gov

TANDY LEATHER FACTORY INC filing history →

Source: SEC EDGAR

accession 0001140361-25-002451

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.