Form 8-K TANDY LEATHER FACTORY For: Jun 09
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of report (Date of earliest event reported:)
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(Exact Name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction of Incorporation
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(Commission File Number)
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(IRS Employer Identification Number)
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(Address of Principal Executive Offices)
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(Zip Code)
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(
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(Registrant’s Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
On June 9, 2026, the Board of Directors approved certain changes to the compensation of the Board and Committee Members.
The annual cash retainer fees paid to the non-employee directors are increased to $20,000. The chair of the Audit Committee is paid an additional $7,000;
members of the Audit Committee (including the Chair) are paid an additional retainer of $3,000; and the chairs of the Compensation and Nominating and Governance committees are paid an additional retainer of $3,000 (members not receiving a fee).
Further, under Section 3.3 of the Tandy Leather Factory, Inc.’s 2023 Stock Incentive Plan, the Administration Committee has determined that all prior RSU
grants shall immediately accelerate vesting of all unvested RSUs as of June 9, 2026. For future grants, RSUs shall vest at the time of grant.
Lastly, the Board appointed John Gehre as the Chairman of the Board of Directors, effective June 9, 2026.
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Submission of Matters to a Vote of Security Holders.
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On June 9, 2026, Tandy Leather Factory, Inc. (the “Company”) held its annual meeting of stockholders. 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.
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NOMINEE:
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FOR:
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WITHHELD:
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BROKER NON
VOTES
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Vicki Cantrell
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4,398,435
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432,104
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1,420,087
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John Gehre
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4,399,193
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431,346
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1,420,087
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Jefferson Gramm
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4,397,105
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433,434
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1,420,087
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Johan Hedberg
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4,399,193
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431,346
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1,420,087
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Diana Saadeh-Jajeh
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4,398,716
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431,823
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1,420,087
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John Sullivan
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4,399,185
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431,354
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1,420,087
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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:
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FOR
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AGAINST
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ABSTAIN
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5,622,340
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627,286
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1,000
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Proposal 3: Advisory
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:
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FOR
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AGAINST
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ABSTAIN
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BROKER
NON VOTES
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4,370,852
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455,754
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3,933
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1,420,087
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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.
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TANDY LEATHER FACTORY, INC.
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Date: June 10, 2026
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By: |
/s/ Johan Hedberg
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Johan Hedberg, Chief Executive Officer
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ATTACHMENTS / EXHIBITS
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