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 Date of Report: February 22, 2000 Date of Earliest Event Reported: February 15, 2000 TANDYCRAFTS, INC. A DELAWARE CORPORATION 1-7258 75-1475224 ------ ---------- (Commission File Number) (IRS Employer Identification No.) 1400 Everman Parkway Fort Worth, Texas 76140 (817) 551-9600 ITEM 5. OTHER EVENTS ------------ (a) On February 15, 2000, Registrant issued a press release announcing a strategic plan aimed at focusing the Company on its frames and wall decor, home furnishings and consumer direct operations. The plan involves selling Tandycrafts' non-core Gifts and Office Supply divisions and completing certain significant operating improvements in the Company's core businesses in 2000. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS --------------------------------- (c) Exhibits. -------- Exhibit Number Description -------- ------------------------------------------- 99 Copy of press release announcing a strategic plan aimed at focusing the Company on its frames and wall decor, home furnishings and consumer direct operations. The plan involves selling Tandycrafts' non-core Gifts and Office Supply divisions and completing certain significant operating improvements in the Company's core businesses in 2000. 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 of the undersigned thereunto duly authorized. TANDYCRAFTS, INC. Date: February 22, 2000 By:/s/ Michael J. Walsh -------------------------- Michael J. Walsh, Chairman and Chief Executive Officer Date: February 22, 2000 By:/s/ James D. Allen -------------------------- James D. Allen, President and Chief Operating Officer