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: March 2, 2001
Date of Earliest Event Reported: February 23, 2001
TANDYCRAFTS, INC.
A DELAWARE CORPORATION
1-7258 75-1475224
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(Commission File Number) (IRS Employer Identification No.)
1400 Everman Parkway
Fort Worth, Texas 76140
(817) 551-9600
ITEM 5. OTHER EVENTS
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(a) On February 23, 2001, Registrant issued a press release
announcing that the sale of its Cargo Furniture unit to Fort
Worth, Texas-based retailer Pier 1 Imports, Inc. was completed.
The Company also announced that James D. Allen had resigned as
President and Chief Operating Officer of the Registrant and that
Sheldon Stein had resigned from the Registrant's Board of
Directors.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits.
Exhibit
Number Description
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99 On February 23, 2001, Registrant issued a press release
announcing that the sale of its Cargo Furniture unit to
Fort Worth-based Pier 1 Imports Inc. was completed.
The Company also announced that James D. Allen had
resigned as President and Chief Operating Officer of
the Registrant and that Sheldon Stein had resigned from
the Registrant's Board of Directors.
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: March 2, 2001 By:/s/ Michael J. Walsh
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Michael J. Walsh, Chairman
and Chief Executive Officer
Date: March 2, 2001 By:/s/ Leo Taylor
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Leo Taylor, Senior Vice
President of Finance
(Principal Finance Officer)