Highest-materiality recent filing
Tandy Leather Factory board restructures director pay, accelerates RSU vesting, names Gehre chairman
Director cash retainers increased to $20k annually; committee chair fees also increased.
Tandy Leather Q1 2026 rev $19.7M (+3.2%); EPS $0.03 vs $1.35 prior (incl HQ sale)
Revenue $19.7M (+3.2% YoY); net income $0.2M vs $11.6M prior (sale of HQ included in prior year).
Tandy Leather returns to sales growth in FY2025; pays special dividend of $0.75
FY2025 revenues $76.3M, up 2.6% YoY; operating loss $1.0M vs income $0.6M in 2024.
Tandy Leather Factory reports Q3 net loss of $1.4M; revenue down 0.5% to $17.3M
Operating loss widened to $0.7M from $0.3M; operating expenses rose 5.4% to $10.8M.
Tandy Leather Q2 net loss $0.2M, revenue up 2.8% to $17.8M; warns on tariffs
Revenue $17.8M (+2.8% YoY); gross margin improved to 59.5% from 58.0%.
Tandy Leather repurchases 430,897 shares from former exec for $1.29M at $3.00/share
Repurchased 430,897 shares from Janet Carr (former executive) representing approx. 5.1% of outstanding common stock.
Tandy Leather shareholders approve all four proposals at 2025 annual meeting
Elect six directors including Vicki Cantrell, Jefferson Gramm, and Johan Hedberg with 4.9M+ votes each.
Tandy Leather Q1 revenue $19.0M, operating income $0.3M; CEO warns of tariff impact
Revenue $19.0M (-1.2% YoY); operating income $0.3M vs $0.7M in Q1 2024.
Tandy Leather Factory FY2024 revenue $74.4M (-2.4%); net income drops to $0.8M from $3.8M
FY2024 revenue $74.4M (-2.4% YoY); net income $0.8M down from $3.8M in 2023.
Tandy Leather declares $1.50 special dividend; ex-date Feb 19, 2025
Special cash dividend of $1.50 per share declared, payable on or about February 18, 2025.
Tandy Leather sells HQ, declares $1.50 special dividend, signs new 10-year lease
Closed sale of current HQ facilities (distribution center and flagship store) to Colonna Brothers, Inc.
Tandy Leather Factory sells corporate HQ for $26.5M, plans move to new facilities by Q3 2025
Gross cash purchase price of $26.5 million from sale of Fort Worth corporate headquarters, distribution center, and flagship store.
Tandy Leather Factory appoints new CEO; Janet Carr resigns, stays through March 2025
CEO Janet Carr resigns effective Jan 3; stays as non-executive through March 31, receives $310K retention bonus.
Tandy Leather sells Fort Worth HQ for $26.5M cash; expects to close Jan 2025
Sold corporate headquarters, distribution center, and flagship store to Colonna Brothers, Inc. for $26.5 million cash.
Tandy Leather Factory Q3 2024 net loss of $0.1M vs net income of $0.6M in prior year
Revenue $17.4M, down 1.1% YoY; gross margin 57.8% vs 62.4% in 2023.
Tandy Leather Factory renews $5M share repurchase program through Sept 2026
Board approved renewal of program to repurchase up to $5.0 million of common stock.
Tandy Leather Factory Q2 revenue down 1.1% to $17.3M; EPS falls to $0.01 from $0.06
Revenue $17.3M, down 1.1% YoY; gross margin 58.0% vs 62.5% in 2023.
All seven director nominees elected with >5.2M votes for each; highest withhold was 63,075 for Sejal Patel.
Tandy Leather Factory Q1 revenues down 5.3% to $19.3M; net income down to $0.5M
Revenue $19.3M, down 5.3% YoY; gross margin 56.7% vs 58.1% due to promotional activity.
Tandy Leather Appoints Diana Saadeh-Jajeh to Board as Audit Committee Chair Designate
Saadeh-Jajeh appointed to Board; size increases from 7 to 8 members.
Tandy Leather Factory dismisses Weaver & Tidwell, appoints Whitley Penn as auditor
Audit committee dismissed Weaver & Tidwell LLP as independent auditor effective March 27, 2024.
Tandy Leather Factory FY 2023 revenue down 5.1% to $76.2M; net income rises to $3.8M
FY 2023 revenue $76.2M, down 5.1% YoY; net income $3.8M vs $1.2M in 2022.
Tandy Leather Factory explores sale of Fort Worth headquarters and flagship store
Board authorized management to explore sale of HQ/distribution facility and flagship store in Fort Worth, TX.
Tandy Leather Factory grants CEO Janet Carr 276,000 RSUs vesting over three years
Grant of 276,000 restricted stock units to CEO Janet Carr on October 23, 2023.
Tandy Leather Q2 revenue $17.5M (-5% YoY); net income $0.5M vs prior year loss
Revenue $17.5M down 5% from $18.4M in 2022; operating income $0.8M vs loss in prior year.
All seven director nominees elected: Vicki Cantrell, Janet Carr, Elaine Crowley, Jefferson Gramm, James Pappas, Sejal Patel, Eric Speron.
Tandy Leather Factory FY2022 revenue $80.3M (-3% YoY); net income $1.2M
Full-year revenue $80.3M, down 3% from $82.7M in 2021; net income $1.2M vs $1.4M.
Tandy Leather Factory enters $5M credit facility with JPMorgan Chase
Company entered Credit Agreement with JPMorgan Chase Bank on Jan 3, 2023 for up to $5,000,000.
Tandy Leather Q3 net income $0.7M vs prior-year loss; sales down modestly; new store at Fort Bragg
Net sales $19.1M vs $19.3M YoY; gross margin up to 60.8% from 57.5%.
Tandy Leather Factory hosts investor presentation with financial projections
Company hosted a web-based investor presentation on November 15, 2022.
Company hosted web-based investor presentation on August 17, 2022.
Tandy Leather elects seven directors, ratifies auditor, approves say-on-pay at annual meeting
Seven directors elected: Vicki Cantrell, Janet Carr, Elaine Crowley, Jefferson Gramm, James Pappas, Sejal Patel, William Warren. For votes ranged from 5.1M to 5.2M.
Tandy Leather Factory holds investor presentation with projections
Company hosted investor presentation on June 7, 2022.
Completed on April 22, 2022; repurchased 359,500 shares from two unaffiliated stockholders.
Tandy Leather reports full-year 2021 revenue $82.7M, net income $1.4M, EPS $0.01
Full-year revenue $82.7M, up 29% YoY; net profit vs loss in 2020.
Tandy Leather becomes current on financial reporting; Q3 sales up 21% to $19.3M
Filed Q3 2021 Form 10-Q; net income of $16K vs $1.0M loss a year ago; diluted EPS loss less than $0.01.
Tandy Leather Factory to repurchase 212,690 shares at $5.00/share from Right Lane I, LP
Stock repurchase agreement with Right Lane I, LP for 212,690 shares (2.4% of outstanding) at $5.00/share, total $1,063,450.
Tandy Leather Factory files Q2 10-Q; Q2 net income $0.5M, EPS $0.06; Q3 sales ~$19.0M
Q2 2021 sales $18.6M, up from $9.1M in Q2 2020; net income $0.5M vs net loss $1.8M.
Tandy Leather settles SEC probe for $200K; Q2 sales ~$18.6M, up 100% YoY
Sales for Q2 2021 expected between $18.5M and $18.8M, roughly double Q2 2020 when stores were closed.
TLFA shareholders elect eight directors, approve say-on-pay at 2021 annual meeting
Annual meeting held July 1, 2021; all eight director nominees elected.
the Board appointed John Gehre as the Chairman of the Board of Directors, effective June 9, 2026.
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.
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.
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.
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.
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.
On April 19, 2024, Tandy Leather Factory, Inc. (the “Company”) announced the appointment of Diana Saadeh-Jajeh to the Company’s Board of Directors.
Max materiality 0.75 · Median 0.60 · Most common event other_material