UNITED 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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Securities registered pursuant to Section 12(b) of the Act:
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Over-the-counter “pink sheets”
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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
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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
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| Item 8.01 |
Other Events
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On April 22, 2022, Tandy Leather Factory, Inc. (the “Company”) completed the repurchase of a total of 359,500 shares (the “Shares”) of the Company’s
common stock, par value $0.0024 (the “Common Stock”) in private transactions from two of its unaffiliated stockholders. The purchase price was $5.00 per Share (the closing price of the Common Stock on April 11, 2022, the date on which the Company
and the selling holders agreed to the repurchase terms) and $1,797,500 in total. Prior to the repurchase, the Shares represented approximately 4.2% of the Company’s outstanding Common Stock.
Forward Looking Statements
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 “may,” “will,” “could,” “should,” “anticipate,” “believe,” “budgeted,” “expect,”
“intend,” “plan,” “project,” “potential,” “estimate,” “continue,” “outlook,” “forecast” or “future,” 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,
2020 for additional information concerning these and other uncertainties that could negatively impact the Company. The Company assumes no obligation to update or otherwise revise its forward-looking statements, except as required by law.
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: April 27, 2022
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By:
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/s/ Michael Galvan
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Michael Galvan, Chief Financial Officer
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