8-K

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

Date of Report:
(Date of earliest event reported)

December 10, 2007

TANDY BRANDS ACCESSORIES, INC.

(Exact name of registrant as specified in charter)

Delaware	0-18927	75-2349915
(State or otherjurisdiction of	(Commission File Number)	(IRS Employer Identification
incorporation or organization)		No.)

690 East Lamar Blvd., Suite 200
Arlington, Texas 76011
(Address of principal executive offices and zip code)

(817) 265-4113
(Registrant’s telephone
number, including area code)

N/A
(Former name or former address, if changed since last report)

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 (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

     On December 10, 2007, Tandy Brands Accessories, Inc. (the “Company”) announced that M.C. (Craig) Mackey had been appointed as Chief Financial Officer, Treasurer and Assistant Secretary of the Company.

     Prior to joining the Company, Mr. Mackey served as a partner with Tatum Partners from August 2005 to November 2007 and as a Sarbanes-Oxley consultant with PriceWaterHouseCoopers from October 2004 to May 2005. From October 2001 to June 2004, Mr. Mackey was the President and Chief Operating Officer of Park Pharmacy Corporation and, within that time period, also served as interim Chief Financial Officer. Prior to his service with Park Pharmacy, Mr. Mackey served in various capacities from 1992 to 2001 with the Williamson-Dickie Manufacturing Company, including the positions of Vice President, Chief Financial Officer, Secretary and Treasurer and as a member of its board of directors.

     Mr. Mackey earned his BBA in Management from the University of Texas and his MBA from the Cox School of Business at Southern Methodist University. Mr. Mackey is a certified public accountant.

     The Company’s Compensation Committee approved the following compensation arrangements for Mr. Mackey: (1) an annual base salary of $200,000, (2) a target performance bonus equal to 40% of his base salary, to be determined on the same terms as previously disclosed for the Company’s executive officers and (3) a grant of 5,000 shares of restricted stock which vest in three equal annual installments, under the Company’s 2002 Omnibus Plan. Mr. Mackey will also be entitled to participate in the Company’s standard insurance programs and will receive either a car allowance or use of a Company car.

     A copy of the press release announcing Mr. Mackey’s appointment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) See Exhibit Index

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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.

	TANDY BRANDS ACCESSORIES, INC.
Date: December 12, 2007	By:	/s/ J.S.B. Jenkins
		J.S.B. Jenkins
		President and Chief Executive Officer

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Exhibit Number	Description
Exhibit 99.1	Press Release, dated December 10, 2007, issued by Tandy Brands Accessories, Inc. announcing the appointment of M.C. Mackey as Chief Financial Officer

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EX-99.1

Exhibit 99.1

Tandy Brands Accessories, Inc.	Investor Relations:
J.S.B. Jenkins	Integrated Corporate Relations
President/Chief Executive Officer	James Palczynski (203) 682-8200
(817) 548-0090	Media Relations:
britt_jenkins@tandybrands.com	Monarch Communications, Inc.
	Jeff Siegel (516) 569-4271

Tandy Brands Accessories Names Craig Mackey, CPA
As Chief Financial Officer

ARLINGTON, Texas, December 10, 2007 – TANDY BRANDS ACCESSORIES, INC. (NASDAQ: TBAC) today announced that it has named M.C. (Craig) Mackey, CPA, as Chief Financial Officer (CFO) of the Company. Mr. Mackey comes to the Company with 30 years of high-level financial management experience, having served as a CFO and in other senior financial positions for both public and private companies, with annual sales in excess of $600 million. Mr. Mackey will have responsibility for all areas of finance for the Company and will report directly to Britt Jenkins, President and Chief Executive Officer.

Prior to joining Tandy Brands Accessories, Mr. Mackey was most recently a partner with Tatum Partners, a Dallas/Fort Worth-based executive services and consulting company where he was instrumental in the development of several large companies as both a consultant and interim senior officer. Prior to joining Tatum Partners, Mr. Mackey was employed by PriceWaterhouseCoopers as a Sarbanes Oxley consultant. Mr. Mackey’s previous experience includes positions as the CFO and COO of Park Pharmacy Corporation and as the CFO of the Williamson-Dickie Manufacturing Company. In addition, he has also held senior management positions in Finance and Operations at PepsiCo, Inc., and Paragon Group, Inc. and was previously an Audit Manager for Ernst and Young.

Commenting on Mr. Mackey’s appointment, Britt Jenkins said, “We are very pleased to have attracted someone of Craig’s caliber to join our management team. We believe that his broad experience in helping to successfully manage companies through periods of change and transition will prove invaluable to us as we execute our strategy to enhance our competitiveness, improve our profitability, and accelerate our growth.”

Mr. Mackey commented, “I’m very excited to join the executive team at Tandy Brands Accessories. I think this company has an excellent opportunity to streamline its operations, reduce its costs, and to resume its growth trajectory. I’m excited to add my voice to the strategic planning process and to lend my experience and background to help engineer a successful turn of the business.”

About Tandy Brands Accessories, Inc.

Tandy Brands Accessories, Inc. designs and markets fashion accessories for men, women and children. Key product categories include belts, wallets, handbags, suspenders, neckwear, gifts and sporting goods. Merchandise is sold under various national brand names as well as private labels to all major levels of retail distribution, including the ROLFS e-commerce web site at www.rolfs.net.

Safe Harbor Language

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted or expected results. Those risks include, among other things, the competitive environment in the industry in general and in the Company’s specific market areas, inflation, changes in costs of goods and services and economic conditions in general and in the Company’s specific market area. Those and other risks are more fully described in the Company’s filings with the Securities and Exchange Commission.