TANDY LEATHER FACTORY INC shareholders approved Ratification of the appointment of Whitley Penn as the Company's independent registered public accounting firm for fiscal year 2026 at the 2026-06-09 meeting.
“Proposal 2 : Ratification of the appointment of Whitley Penn as the Company’s independent registered public accounting firm for fiscal year 2026 . The number of votes cast for and against this proposal, as well as the number of abstentions with respect to this proposal, are set forth below: FOR AGAINST ABSTAIN 5,622,340 627,286 1,000”
Shareholder Votes
TANDY LEATHER FACTORY INC shareholders approved Election of six directors for the ensuing year at the 2026-06-09 meeting.
“The three proposals considered at the annual meeting were voted on as follows: Proposal 1 : The election of six directors for the ensuing year. The number of votes cast for and withheld for each nominee for director is set forth below. NOMINEE: FOR: WITHHELD: BROKER NON VOTES Vicki Cantrell 4,398,435 432,104 1,420,087 John Gehre 4,399,193 431,346 1,420,087 Jefferson Gramm 4,397,105 433,434 1,420,087 Johan Hedberg 4,399,193 431,346 1,420,087 Diana Saadeh-Jajeh 4,398,716 431,823 1,420,087 John Sullivan 4,399,185 431,354 1,420,087”
John Gehre was appointed as Chairman of the Board of Directors at TANDY LEATHER FACTORY INC.
“the Board appointed John Gehre as the Chairman of the Board of Directors, effective June 9, 2026.”
Earnings Releases
TANDY LEATHER FACTORY INC reported first fiscal quarter of 2026 results: revenue $19.7 million, net income $0.2 million, EPS $0.03 per share.
“Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the first fiscal quarter of 2026. Highlights from first quarter 2026: • Revenues were $19.7 million, up 3.2% from 2025 • Generated operating income of $0.4 million versus $0.3 million in 2025 • Net income of $0.2 million versus $11.6 million in 2025 (from sale of headquarters)”
Eric Speron resigned as Director at TANDY LEATHER FACTORY INC.
“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.”
M&A Transactions
TANDY LEATHER FACTORY INC completed a disposition involving Colonna Brothers, Inc. for $26.5 million (closed 2025-01-22).
“The parties closed the sale of this transaction on January 22, 2025, with the Company receiving a gross cash purchase price for the facilities of $26.5 million (before commissions, taxes and other expenses), as provided in the agreement.”
John "Rocky" Sullivan was appointed as Director at TANDY LEATHER FACTORY INC.
“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.”
James Pappas resigned as Director at TANDY LEATHER FACTORY INC.
“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.”
Johan Hedberg was appointed as Chief Executive Officer at TANDY LEATHER FACTORY INC.
“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.”
Janet Carr resigned as Chief Executive Officer at TANDY LEATHER FACTORY INC.
“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.”
Earnings Releases
TANDY LEATHER FACTORY INC reported first fiscal quarter of 2024 results: revenue $19.3 million, net income $0.5 million, EPS $0.06 per share.
“Highlights from First Quarter 2024: • Revenues were $19.3 million, down 5.3% from 2023 • Generated operating income of $0.7 million • Net income of $0.5 million, down from $0.7 million in 2023 • Gross margins of 56.7%, down from 58.1% in 2023 • Operating expenses $10.3 million, down 5.2% from 2023 • Adjusted EBITDA* of $1.1 million • Ended quarter with $12.3 million of cash and cash equivalents Tandy Leather Factory’s first quarter sales were $19.3 million in 2024, down from $20.4 million in 2023. First quarter 2024 gross profit was $10.9 million, down from $11.8 million in 2023. First quarter operating income was $0.7 million, down from $1.0 million in 2023. As of March 31, 2024, the Company held $12.3 million of cash and cash equivalents, up from $8.6 million a year earlier. The Company held inventory of $36.7 million, down from $38.0 million as of December 31, 2023. The Company had basic and diluted net income in the quarter of $0.06 per share, versus $0.08 in the prior year.”
Diana Saadeh-Jajeh was appointed as Director at TANDY LEATHER FACTORY INC.
“On April 19, 2024, Tandy Leather Factory, Inc. (the “Company”) announced the appointment of Diana Saadeh-Jajeh to the Company’s Board of Directors.”
Auditor Changes
TANDY LEATHER FACTORY INC engaged Whitley Penn as its auditor.
“On March 29, 2024, the Company, with the approval of the Committee, engaged Whitley Penn ("WP") as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2024.”
Auditor Changes
TANDY LEATHER FACTORY INC dismissed Weaver & Tidwell LLP as its auditor.
“On March 27, 2024, the Audit Committee of the Board of Directors (the "Committee") of Tandy Leather Factory, Inc. (the "Company") dismissed Weaver & Tidwell LLP ("Weaver") as the Company’s independent registered public accounting firm effective as of that date.”
Earnings Releases
TANDY LEATHER FACTORY INC reported fourth fiscal quarter and full year 2023 results: revenue $76.2 million, net income $3.8 million, EPS $0.23 per share.
“Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the fourth fiscal quarter and full year 2023. Highlights from 2023: • Revenues were $76.2 million, down 5.1% from 2022 • Generated operating income of $4.4 million • Net income of $3.8 million, up from $1.2 million in 2022 • Gross margins of 59.3%, up from 57.9% in 2022 •”
Earnings Releases
TANDY LEATHER FACTORY INC reported the second fiscal quarter 2023, ended June 30, 2023 results: revenue $17.5 million, net income $0.5 million, EPS $0.06 per diluted share.
“Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the second fiscal quarter 2023, ended June 30, 2023. Second Quarter Highlights: • Revenues were $17.5 million, down 5% from 2022 • Generated operating income of $0.8 million • Net income of $0.5 million • Gross margins of 62.5% • Adjusted EBITDA* of $1.3 million • Ended quarter with”
Shareholder Votes
TANDY LEATHER FACTORY INC shareholders approved Advisory vote regarding executive compensation at the 2023-06-06 meeting.
“Proposal 4 : A dvisory vote regarding executive compensation. The number of votes cast for and against this proposal, as well as the number of abstentions and broker non-votes with respect to this proposal, are set forth below: FOR AGAINST ABSTAIN BROKER NON VOTES 5,402,085 428,439 1,002 847,243”
Shareholder Votes
TANDY LEATHER FACTORY INC shareholders approved Approval of the Tandy Leather Factory, Inc. 2023 Stock Incentive Plan at the 2023-06-06 meeting.
“Proposal 3 : Approval of the Tandy Leather Factory, Inc. 2023 Stock Incentive Plan. The number of votes cast for and against this proposal, as well as the number of abstentions and broker non-votes with respect to this proposal, are set forth below: FOR AGAINST ABSTAIN BROKER NON VOTES 5,381,276 448,725 1,525 847,243”
Shareholder Votes
TANDY LEATHER FACTORY INC shareholders approved Ratification of the appointment of Weaver & Tidwell LLP as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2023-06-06 meeting.
“Proposal 2 : Ratification of the appointment of Weaver & Tidwell LLP as the Company’s independent registered public accounting firm for fiscal year 2023 . The number of votes cast for and against this proposal, as well as the number of abstentions and with respect to this proposal, are set forth below: FOR AGAINST ABSTAIN 6,087,049 129,227 462,493”
Shareholder Votes
TANDY LEATHER FACTORY INC shareholders approved Election of seven directors at the 2023-06-06 meeting.
“Proposal 1 : The election of seven directors for the ensuing year. The number of votes cast for and withheld for each nominee for director is set forth below. NOMINEE: FOR: WITHHELD: Vicki Cantrell 5,416,900 414,626 Janet Carr 5,416,900 414,626 Elaine D. Crowley 5,394,693 436,833 Jefferson Gramm 5,416,866 414,660 James Pappas 5,416,882 414,644 Sejal Patel 5,369,679 461,847 Eric Speron 5,418,829 412,697”
Earnings Releases
TANDY LEATHER FACTORY INC reported financial results for fourth quarter and full year 2022.
“On April 3, 2023, Tandy Leather Factory, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial results for the fourth fiscal quarter of and full year 2022, as disclosed in the Company’s Annual Report on Form 10-K.”
Material Agreements
TANDY LEATHER FACTORY INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $5,000,000 (effective 2023-01-03).
“On January 3, 2023, Tandy Leather Factory, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (the “Bank”).”
Earnings Releases
TANDY LEATHER FACTORY INC reported the third quarter, ended September 30, 2022 results: revenue $19.1 million, net income $0.7 million, EPS $0.09 per diluted share.
“Tandy Leather Factory, Inc. (Nasdaq: TLF) today announced the Company’s financial results for the third quarter, ended September 30, 2022. Third Quarter Highlights: • Net sales of $19.1 million • Gross profit of $11.6 million and a gross margin of 60.8% • Operating income of $1.0 million • Net income of $0.7 million, or $0.09 per diluted share • Adjusted EBITDA* of $1.5 million”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.