---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-002451"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T06:15:36.257577+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-002451
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/909724/000114036125002451/0001140361-25-002451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036125002451/ef20042606_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-002451
- JSON: https://secwatch.observer/filing/0001140361-25-002451.json
- Plain text: https://secwatch.observer/filing/0001140361-25-002451.txt

## Key facts
- Executive change
  Eric Speron resigned as Director at TANDY LEATHER FACTORY INC.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/909724/000114036125002451/0001140361-25-002451-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.