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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Date
of report (Date of earliest event reported):
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January 5,
2010
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Tandy Leather Factory,
Inc.
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(Exact
Name of Registrant as Specified in Its
Charter)
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Delaware
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(State
or Other Jurisdiction of
Incorporation
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1-12368
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75-2543540
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(Commission
File Number)
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(IRS
Employer Identification Number)
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1900
Southeast Loop 820, Fort Worth, Texas
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76140
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(817)
872-3200
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(Registrant’s
Telephone Number, Including Area
Code)
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(Former
Name or Former Address, if Changed Since Last
Report)
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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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain
Officers.
e. Entry
into Material Compensatory Contract.
On
January 5, 2009, the Company entered into a consulting agreement with J. Wray
Thompson, Chairman of the Board, to be effective as of January 1,
2009. The agreement provides that as compensation for Mr. Thompson’s
service to the Board as Chairman in 2010, the Company shall pay Mr. Thompson a
total of $25,000, payable in equal installments over the remaining months of
2010. In addition, Mr. Thompson will be eligible to participate in
the Company’s medical plan.
The
summary of the consulting agreement set forth in this Current Report on Form 8-K
does not purport to be complete and is qualified in its entirety by reference to
the text of the form of the agreement attached hereto as Exhibit
10.1.
Item
9.01. Financial Statements and Exhibits.
The
following exhibits are filed with this report and incorporated by reference
herein:
Exhibit
No.
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10.1
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Consulting
Agreement, dated January 1, 2010, by and between Tandy Leather Factory,
Inc. and J. Wray Thompson
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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: January
5, 2009
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BY: /s/ Shannon L. Greene
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Chief
Financial Officer & Treasurer
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