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: December 21, 1995 Date of Earliest Event Reported: December 18, 1995 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 December 18, 1995, Registrant issued a press release announcing that Sheldon I. Stein had been named to the Tandycrafts, Inc. Board of Directors. (b) On December 20, 1995, Registrant issued a press release announcing the implementation of a strategic restructuring and consolidation program for which the Company expects to take an after-tax charge in its second fiscal quarter ending December 31, 1995 of up to $14.3 million. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS --------------------------------- (c) Exhibits. -------- Exhibit Number Description ------- ------------------------------ 99.1 Copy of press release announcing that Sheldon I. Stein had been named to the Tandycrafts, Inc. Board of Directors. 99.2 Copy of press release announcing the implementation of a strategic restructuring program and expected second quarter charge to income. 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: December 21, 1995 By:/s/ Jerry L. Roy ---------------------- Jerry L. Roy President Date: December 21, 1995 By:/s/ Michael J. Walsh ---------------------- Michael J. Walsh Chief Financial Officer