<SEC-DOCUMENT>0001140361-20-008245.txt : 20200407
<SEC-HEADER>0001140361-20-008245.hdr.sgml : 20200407
<ACCEPTANCE-DATETIME>20200407163037
ACCESSION NUMBER:		0001140361-20-008245
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200403
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200407
DATE AS OF CHANGE:		20200407

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TANDY LEATHER FACTORY INC
		CENTRAL INDEX KEY:			0000909724
		STANDARD INDUSTRIAL CLASSIFICATION:	LEATHER & LEATHER PRODUCTS [3100]
		IRS NUMBER:				752543540
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12368
		FILM NUMBER:		20780052

	BUSINESS ADDRESS:	
		STREET 1:		1900 SE LOOP 820
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76140
		BUSINESS PHONE:		8178723200

	MAIL ADDRESS:	
		STREET 1:		1900 SE LOOP 820
		CITY:			FT WORTH
		STATE:			TX
		ZIP:			76140

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEATHER FACTORY INC
		DATE OF NAME CHANGE:	19930723
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">Form 8-K</div>
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    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">CURRENT REPORT</div>
    <div><br>
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    <div style="text-align: center; color: #000000;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
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          <td style="width: 55%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">Date of report (Date of earliest event reported:)</div>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">April 3, 2020</div>
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    <div style="text-align: center;"><img src="image00002.jpg"></div>
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          <td style="width: 100%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-size: 24pt;">
            <div style="text-align: center; color: rgb(0, 0, 0);">Tandy Leather Factory, Inc.</div>
          </td>
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          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Exact Name of Registrant as Specified in Its Charter)</div>
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            <div style="text-align: center; color: #000000;">Delaware</div>
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            <div style="text-align: center; color: #000000;">(State or Other Jurisdiction of Incorporation</div>
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          <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">1-12368</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">75-2543540</div>
          </td>
        </tr>
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          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Commission File Number)</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(IRS Employer Identification Number)</div>
          </td>
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    <div><br>
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    <table cellspacing="0" cellpadding="0" id="z4c1e74018167453db8059ab757e32762" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">1900 Southeast Loop 820, Fort Worth, Texas</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000;">76140</div>
          </td>
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          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Address of Principal Executive Offices)</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Zip Code)</div>
          </td>
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            <div style="text-align: center; color: #000000;">(817) 872-3200</div>
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          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Registrant's Telephone Number, Including Area Code)</div>
          </td>
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          <td style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
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          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">(Former Name or Former Address, if Changed Since Last Report)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="color: #000000;">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 (<u>see </u>General Instruction A.2. below):</div>
    <div><br>
    </div>
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        <table cellspacing="0" cellpadding="0" id="z7179ae546a5c459cbd9f74eb03173c4c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 18pt; vertical-align: top; align: right; color: #000000;">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
              </td>
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        <table cellspacing="0" cellpadding="0" id="zc2cd8c3214664199a6e1c2b8491f1e0e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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              <td style="width: 18pt; vertical-align: top; align: right; color: #000000;">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
              </td>
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              <td style="width: 18pt; vertical-align: top; align: right; color: #000000;">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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              <td style="width: 18pt; vertical-align: top; align: right; color: #000000;">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
              </td>
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      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">Securities registered pursuant to Section 12(b) of the Act:</div>
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    </div>
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          <td style="width: 34.34%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">Title of each class</div>
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            <div style="text-align: center; font-weight: bold;">Trading Symbol(s)</div>
          </td>
          <td style="width: 45.58%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
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          <td style="width: 34.34%; vertical-align: bottom;">
            <div style="text-align: center;">Common Stock, par value $0.0024</div>
          </td>
          <td style="width: 20.07%; vertical-align: bottom;">
            <div style="text-align: center;">TLF</div>
          </td>
          <td style="width: 45.58%; vertical-align: bottom;">
            <div style="text-align: center;">The Nasdaq Global Market</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div> <br>
    </div>
    <div>Emerging growth company&#160; &#9744;</div>
    <div>&#160;</div>
    <div>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.&#160; &#9744;</div>
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              <td style="width: 45pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 3.01</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-weight: bold;">Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.</div>
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    <div><br>
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    <div>On April 3, 2020, Tandy Leather Factory, Inc. (the &#8220;Company&#8221;) received an additional delinquency notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) indicating that because the Company has not yet filed its
      Annual Report on Form 10-K for the year ended December 31, 2019 (the &#8220;Form 10-K&#8221;), the Company is not in compliance with the Nasdaq filing requirement, as set forth in Nasdaq Listing Rule 5250(c)(1) (the &#8220;Rule&#8221;). As previously disclosed, Nasdaq
      Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission.&#160; The Company previously reported (in Current Reports on Form 8-K filed on August 23, and
      November 25, 2019) the receipt of two prior notices of delinquency from Nasdaq, which related to the Company&#8217;s Quarterly Reports on Form 10-Q for the three- and six-months ended June 30, 2019 and the three- and nine-months ended September 30, 2019.</div>
    <div><br>
    </div>
    <div style="color: #010101;">On April 2, 2020, the Company attended a hearing before the Nasdaq Hearings Panel (the &#8220;Panel&#8221;), at which hearing the Company presented its plan to evidence compliance with the Rule and requested that the Panel allow the
      Company to remain listed and eligible to trade on Nasdaq pending the Company&#8217;s return to compliance with the Rule. The Panel has the discretion to grant the Company an extension to evidence compliance with the Rule through no later than August 10,
      2020.&#160; The Company is currently awaiting the Panel&#8217;s formal determination in response to the Company&#8217;s request for continued listing on Nasdaq.</div>
    <div><br>
    </div>
    <div style="color: #000000;">On April 7, 2020, the Company issued a press release announcing its receipt of the Nasdaq letter.&#160; A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.</div>
    <div><br>
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              <td style="width: 45pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 9.01</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;"><font style="font-weight: bold;">Financial Statements and Exhibits</font>.</div>
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    <div><br>
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    <div style="color: #000000;">(d) Exhibits</div>
    <div><br>
    </div>
    <div style="margin-left: 27pt;">
      <table cellspacing="0" cellpadding="0" border="0" id="zf11591be4823443e87c385b74cb32f4b" style="border-collapse: collapse; width: 70%; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

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              <div style="color: #000000; font-weight: bold;"><u>No.</u></div>
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              <div style="color: #000000; font-weight: bold;"><u>Exhibit</u></div>
            </td>
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            <td style="width: 8%; vertical-align: top;">
              <div style="color: #000000;"><a href="ex99_1.htm">99.1</a></div>
            </td>
            <td style="width: 62%; vertical-align: top;">
              <div style="color: #000000;">Press Release dated April 7, 2020</div>
            </td>
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    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-weight: bold;">Forward Looking Statements<a name="T1"></a></div>
    <div><br>
    </div>
    <div><a name="S176652953"></a><a name="T13"></a><font style="background-color: #FFFFFF;">Certain statements contained in this report and other materials the Company files with the SEC, as well as information included in oral statements or other written
        statements made or to be made by the Company, other than statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
        1934, as amended. Forward-looking statements generally are accompanied by words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;budgeted,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;potential,&#8221; &#8220;estimate,&#8221; &#8220;continue,&#8221; &#8220;outlook,&#8221;
        &#8220;forecast&#8221; or &#8220;future,&#8221; variations thereof or other similar statements. Please refer to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018 for additional information concerning these and other uncertainties that
        could negatively impact the Company. The Company assumes no obligation to update or otherwise </font>revise its forward-looking statements, except as required by law.</div>
    <div><br>
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    <div></div>
    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt; color: #000000;">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.</div>
    <div>&#160;</div>
    <div></div>
    <table cellspacing="0" cellpadding="0" border="0" id="ze17971d448f246b6b570405c7f870add" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #000000; font-weight: bold;">TANDY LEATHER FACTORY, INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: #000000;">Date:&#160; April 7, 2020</div>
          </td>
          <td style="width: 55%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">By: /s/ Janet Carr</div>
          </td>
        </tr>
        <tr>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 55%; vertical-align: top;">
            <div style="color: #000000;">Janet Carr, Chief Executive Officer</div>
          </td>
        </tr>

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    <div><br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <!-- Licensed to: Broadridge Financial Solutions, Inc.
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
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    <div style="margin-right: 32.4pt;"><img src="image00001.jpg"></div>
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            <td style="width: 6%;">
              <div>&#160;</div>
            </td>
            <td style="width: 44%;">
              <div style="text-align: left; font-weight: bold;">FOR IMMEDIATE RELEASE</div>
            </td>
          </tr>
          <tr>
            <td style="width: 6%;" rowspan="1">&#160;</td>
            <td style="width: 44%;" rowspan="1">
              <div style="text-align: left; font-weight: bold;">April 7, 2020</div>
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    <div><br>
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    <div style="text-align: center; color: #010101; font-weight: bold;"><font style="background-color: #FFFFFF;">Tandy Leather Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of
        Annual Report on Form 10-K</font></div>
    <div><br>
    </div>
    <div><font style="color: #000000;">FORT WORTH, TEXAS &#8211; April 7, 2020</font><font style="color: #010101;"> (GLOBE NEWSWIRE) &#8211; On April 3, 2020, Tandy Leather Factory, Inc. (the &#8220;Company,&#8221; NASDAQ: TLF) received a notice from The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) indicating that because the Company has not yet filed its Annual
        Report on Form 10-K for the year ended December 31, 2019, the Company is not in compliance with the continued listing requirements of Nasdaq Listing Rule 5250(c)(1).&#160; </font><font style="color: #000000;">As previously disclosed, Nasdaq Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission.&#160; The Company previously reported (in Current
        Reports on Form 8-K filed on August 23, and November 25, 2019) the receipt of two prior notices of delinquency from Nasdaq, which related to the Company&#8217;s Quarterly Reports on Form 10-Q for the three- and six-months ended June 30, 2019 and the
        three- and nine-months ended September 30, 2019.</font></div>
    <div><br>
    </div>
    <div style="color: #010101;">On April 2, 2020, the Company attended a hearing before the Nasdaq Hearings Panel (the &#8220;Panel&#8221;), at which hearing the Company presented its plan to evidence
      compliance with the Rule and requested that the Panel allow the Company to remain listed and eligible to trade on Nasdaq pending the Company&#8217;s return to compliance with the Rule. The Panel has the discretion to grant the Company an extension to
      evidence compliance with the Rule through no later than August 10, 2020.&#160; The Company is currently awaiting the Panel&#8217;s formal determination in response to the Company&#8217;s request for continued listing on Nasdaq.</div>
    <div><br>
    </div>
    <div><font style="color: #010101;">Tandy Leather Factory, Inc., (</font><font style="color: #000000;">http://www.tandyleather.com</font><font style="color: #010101;">), headquartered in Fort Worth, Texas, is a specialty retailer of a broad product line including leather,
        leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits.&#160; The Company distributes its products through its 114 North American stores located in 42 US states and 7 Canadian
        provinces, and one International store located in Spain.&#160; Its common stock trades on the Nasdaq with the symbol "TLF".&#160; To be included on Tandy Leather Factory's email distribution list, go to </font><font style="color: #000000;">http://www.b2i.us/irpass.asp?BzID=1625&amp;to=ea&amp;s=0</font><font style="color: #010101;">.</font></div>
    <div><br>
    </div>
    <div style="color: #000000;">Contact:&#160; Janet Carr, Tandy Leather Factory, Inc.&#160; (817) 872-3200 or janet.carr@tandyleather.com</div>
    <div><br>
    </div>
    <div style="color: #010101; font-style: italic;">This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and
      results that are considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and
      uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and
      resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission.&#160; These forward-looking statements are made only as of the date hereof, and except as
      required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</div>
    <div><br>
    </div>
    <div id="DSPFPageFooter">
      <div style="text-align: center; color: rgb(0, 0, 0);">Importers, Exporters, Manufacturers, Distributors, Retailers of Leathers, Leathercraft Supplies, Hardware, Findings and Finishes</div>
      <div><br>
      </div>
      <div><br>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
