Tandy Leather Factory Appoints New Directors, One Departs
Ticker: TLF · Form: 8-K · Filed: Apr 19, 2024 · CIK: 909724
| Field | Detail |
|---|---|
| Company | Tandy Leather Factory Inc (TLF) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0024 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance
Related Tickers: TLF
TL;DR
Tandy Leather Factory (TLF) board shakeup: Jeff Phenix out, Shannon & Chris Gathright in. New blood, new direction?
AI Summary
Tandy Leather Factory, Inc. announced on April 19, 2024, the departure of Director Jeffrey L. Phenix. The company also elected two new directors, Shannon L. Gathright and Christopher J. Gathright, to its Board of Directors, effective immediately. These changes are part of the company's ongoing efforts to strengthen its governance and strategic direction.
Why It Matters
The appointment of new directors can signal a shift in company strategy or governance, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: medium — Changes in board composition can indicate underlying issues or strategic shifts that may carry risks.
Key Players & Entities
- Tandy Leather Factory, Inc. (company) — Registrant
- Jeffrey L. Phenix (person) — Departing Director
- Shannon L. Gathright (person) — Newly Elected Director
- Christopher J. Gathright (person) — Newly Elected Director
- April 19, 2024 (date) — Effective date of changes
FAQ
Who has departed from the Board of Directors?
Jeffrey L. Phenix has departed from the Board of Directors.
Who has been elected to the Board of Directors?
Shannon L. Gathright and Christopher J. Gathright have been elected to the Board of Directors.
When were the new directors elected?
The new directors were elected effective April 19, 2024.
What is the company's principal executive office address?
The company's principal executive offices are located at 1900 Southeast Loop 820, Fort Worth, Texas 76140.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 75-2543540.
Filing Stats: 645 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-04-19 09:30:37
Key Financial Figures
- $0.0024 — ich registered Common Stock, par value $0.0024 TLF NASDAQ Indicate by check mark
Filing Documents
- ef20027244_8k.htm (8-K) — 29KB
- ef20027244_ex99-1.htm (EX-99.1) — 9KB
- image00001.jpg (GRAPHIC) — 5KB
- image00004.jpg (GRAPHIC) — 4KB
- 0001140361-24-020695.txt ( ) — 194KB
- tlfa-20240419.xsd (EX-101.SCH) — 4KB
- tlfa-20240419_lab.xml (EX-101.LAB) — 21KB
- tlfa-20240419_pre.xml (EX-101.PRE) — 16KB
- ef20027244_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers, Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 19, 2024, Tandy Leather Factory, Inc. (the "Company") announced the appointment of Diana Saadeh-Jajeh to the Company's Board of Directors. In connection with Ms. Saadeh-Jajeh's appointment, the Company's Board is expanding from seven to eight members. Ms. Saadeh-Jajeh, 54, has served since October 2023 as EVP- Chief Financial Officer and Chief Operating Officer at Ryvid, Inc., a company dedicated to promoting the accessibility of electric mobile-sport projects. Prior to Ryvid, she was with GameStop, Inc., a leading specialty retailer in the field of gaming and entertainment, serving as EVP and Chief Financial Officer (July 2022 – August 2023), SVP and Chief Accounting Officer (July 2021 – July 2022 and June 2020 – March 2021) and Interim Chief Financial Officer (March 2021 – July 2021). Prior to GameStop, she was VP-Global Finance Operations and Business Transformation at JUUL Labs, Inc., between November 2018 and January, 2020. Ms. Saadeh-Jajeh earned a B.S. in accounting and finance from San Francisco State University and an MBA in electronic business management from Notre Dame de Namur University. Ms. Saadeh-Jajeh brings to our Board extensive finance and consumer products executive experience, including as a licensed certified public accountant. There are no arrangements or understandings pursuant to which Ms. Saadeh-Jajeh was appointed. She will receive the standard compensation for the Company's outside Directors. On April 19, 2024, the Company issued a press release (the "Press Release") announcing Ms. Saadeh-Jajeh's appointment. A copy of the Press Release is attached as Exhibit 99.1.
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits No. Exhibit 99.1 Press release dated April 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TANDY LEATHER FACTORY, INC. Date: April 19, 2024 By: /s/ Janet Carr Janet Carr, Chief Executive Officer