TANDY BRANDS ACCESSORIES, INC.
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(Name of Issuer)
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Common Stock, par value $1.00 per share
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(Title of Class of Securities)
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875378101
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(CUSIP Number)
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December 31, 2013
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(Date of Event Which Requires Filing of this Statement)
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o | Rule 13d-1(b) |
þ | Rule 13d-1(c) |
o | Rule 13d-1(d) |
1. |
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Globis Capital Partners, L.P.
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) þ
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3. |
SEC Use Only
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4. |
Citizenship of Place of Organization
Delaware
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
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5. |
Sole Voting Power
0
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|
6. |
Shared Voting Power
322,585
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7. |
Sole Dispositive Power
0
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8. |
Shared Dispositive Power
322,585
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9. |
Aggregate Amount Beneficially Owned by each Reporting Person
322,585
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
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11. |
Percent of Class Represented by Amount in Row 9
4.5%
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12. |
Type of Reporting Person (See Instructions)
PN
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1. |
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Globis Capital Advisors, L.L.C.
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) þ
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3. |
SEC Use Only
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||
4. |
Citizenship of Place of Organization
Delaware
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
|
5. |
Sole Voting Power
0
|
|
6. |
Shared Voting Power
322,585
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||
7. |
Sole Dispositive Power
0
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||
8. |
Shared Dispositive Power
322,585
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||
9. |
Aggregate Amount Beneficially Owned by each Reporting Person
322,585
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||
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
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||
11. |
Percent of Class Represented by Amount in Row 9
4.5%
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||
12. |
Type of Reporting Person (See Instructions)
OO
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1. |
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Globis Overseas Fund, Ltd.
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) þ
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3. |
SEC Use Only
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4. |
Citizenship of Place of Organization
Cayman Islands
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
|
5. |
Sole Voting Power
0
|
|
6. |
Shared Voting Power
95,000
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||
7. |
Sole Dispositive Power
0
|
||
8. |
Shared Dispositive Power
95,000
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||
9. |
Aggregate Amount Beneficially Owned by each Reporting Person
95,000
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||
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
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11. |
Percent of Class Represented by Amount in Row 9
1.3%
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12. |
Type of Reporting Person (See Instructions)
OO
|
1. |
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Globis Capital Management, L.P.
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||
2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) þ
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3. |
SEC Use Only
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||
4. |
Citizenship of Place of Organization
Delaware
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
|
5. |
Sole Voting Power
0
|
|
6. |
Shared Voting Power
417,585
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||
7. |
Sole Dispositive Power
0
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||
8. |
Shared Dispositive Power
417,585
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||
9. |
Aggregate Amount Beneficially Owned by each Reporting Person
417,585
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||
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
|
||
11. |
Percent of Class Represented by Amount in Row 9
5.8%
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||
12. |
Type of Reporting Person (See Instructions)
PN
|
1. |
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Globis Capital, L.L.C.
|
||
2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) þ
|
||
3. |
SEC Use Only
|
||
4. |
Citizenship of Place of Organization
Delaware
|
||
Number of Shares
Beneficially
Owned by Each
Reporting Person
With
|
5. |
Sole Voting Power
0
|
|
6. |
Shared Voting Power
417,585
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||
7. |
Sole Dispositive Power
0
|
||
8. |
Shared Dispositive Power
417,585
|
||
9. |
Aggregate Amount Beneficially Owned by each Reporting Person
417,585
|
||
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
|
||
11. |
Percent of Class Represented by Amount in Row 9
5.8%
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||
12. |
Type of Reporting Person (See Instructions)
OO
|
1. |
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Paul Packer
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) þ
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3. |
SEC Use Only
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4. |
Citizenship of Place of Organization
United States
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With
|
5. |
Sole Voting Power
0
|
|
6. |
Shared Voting Power
417,585
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||
7. |
Sole Dispositive Power
0
|
||
8. |
Shared Dispositive Power
417,585
|
||
9. |
Aggregate Amount Beneficially Owned by each Reporting Person
417,585
|
||
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares o
|
||
11. |
Percent of Class Represented by Amount in Row 9
5.8%
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||
12. |
Type of Reporting Person (See Instructions)
IN
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Item 1.
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(a)
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Name of Issuer:
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(b)
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Address of Issuer’s Principal Executive Offices:
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Item 2.
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(a)
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Name of Person Filing:
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(i)
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Globis Capital Partners, L.P., a Delaware limited partnership ("Globis Partners"), with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it;
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(ii)
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Globis Capital Advisors, L.L.C., a Delaware limited liability company ("Globis Advisors"), serves as the general partner of Globis Partners, with respect to shares of Common Stock directly held by Globis Partners;
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(iii)
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Globis Overseas Fund, Ltd., a Cayman Islands exempted company ("Globis Overseas"), with respect to shares of Common Stock directly held by it;
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(iv)
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Globis Capital Management, L.P., a Delaware limited partnership (the "Investment Manager"), which serves as investment manager to, and has investment discretion over the securities held by, Globis Partners and Globis Overseas, with respect to shares of Common Stock directly held by Globis Partners and Globis Overseas;
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(v)
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Globis Capital, L.L.C., a Delaware limited liability company ("GC"), which serves as the general partner of the Investment Manager, with respect to shares of Common Stock directly held by Globis Partners and Globis Overseas;
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(vi)
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Mr. Paul Packer ("Mr. Packer"), who is the Managing Member of Globis Advisors and GC, with respect to shares of Common Stock directly held by Globis Partners, and Globis Overseas.
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(b)
|
Address of Principal Business Office or, if none, Residence
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(c)
|
Citizenship
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(d)
|
Title of Class of Securities
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(e)
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Common Stock, par value $1.00 per share
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(f)
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CUSIP Number
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(a)
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o |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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o |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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o |
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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o |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
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(e)
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o |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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o |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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o |
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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o |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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o |
A non-U.S. institution, in accordance with §240.13d-1(b)(1)(ii)(J);
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(k)
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o |
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: ___________________________.
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Item 4.
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Ownership:
|
A.
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Globis Capital Partners, L.P.
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(a)
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Amount beneficially owned: 322,585
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(b)
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Percent of class: 4.5%
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(c)
|
Number of shares as to which such person has:
|
(i)
|
Sole power to vote or direct the vote: -0-
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(ii)
|
Shared power to vote or direct the vote: 322,585
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(iii)
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Sole power to dispose or direct the disposition: -0-
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(iv)
|
Shared power to dispose or direct the disposition: 322,585
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B.
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Globis Capital Advisors, L.L.C.
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(a)
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Amount beneficially owned: 322,585
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(b)
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Percent of class: 4.5%
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(c)
|
Number of shares as to which such person has:
|
(i)
|
Sole power to vote or direct the vote: -0-
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(ii)
|
Shared power to vote or direct the vote: 322,585
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(iii)
|
Sole power to dispose or direct the disposition: -0-
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(iv)
|
Shared power to dispose or direct the disposition: 322,585
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C.
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Globis Overseas Fund, Ltd.
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(a)
|
Amount beneficially owned: 95,000
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(b)
|
Percent of class: 1.3%
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(c)
|
Number of shares as to which such person has:
|
(i)
|
Sole power to vote or direct the vote: -0-
|
(ii)
|
Shared power to vote or direct the vote: 95,000
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(iii)
|
Sole power to dispose or direct the disposition: -0-
|
(iv)
|
Shared power to dispose or direct the disposition: 95,000
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D.
|
Globis Capital Management, L.P.
|
(a)
|
Amount beneficially owned: 417,585
|
(b)
|
Percent of class: 5.8%
|
(c)
|
Number of shares as to which such person has:
|
(i)
|
Sole power to vote or direct the vote: -0-
|
(ii)
|
Shared power to vote or direct the vote: 417,585
|
(iii)
|
Sole power to dispose or direct the disposition: -0-
|
(iv)
|
Shared power to dispose or direct the disposition: 417,585
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E.
|
Globis Capital, L.L.C.
|
(a)
|
Amount beneficially owned: 417,585
|
(b)
|
Percent of class: 5.8%
|
(c)
|
Number of shares as to which such person has:
|
(i)
|
Sole power to vote or direct the vote: -0-
|
(ii)
|
Shared power to vote or direct the vote: 417,585
|
(iii)
|
Sole power to dispose or direct the disposition: -0-
|
(iv)
|
Shared power to dispose or direct the disposition: 417,585
|
F.
|
Paul Packer
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(a)
|
Amount beneficially owned: 417,585
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(b)
|
Percent of class: 5.8%
|
(c)
|
Number of shares as to which such person has:
|
(i)
|
Sole power to vote or direct the vote: -0-
|
(ii)
|
Shared power to vote or direct the vote: 417,585
|
(iii)
|
Sole power to dispose or direct the disposition: -0-
|
(iv)
|
Shared power to dispose or direct the disposition: 417,585
|
February 14, 2014
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/s/ Paul Packer | ||
Paul Packer,
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individually and as managing member of:
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(a) Globis Capital Advisors, L.L.C., for itself and as the general partner of Globis Capital Partners, L.P.; and (b) Globis Capital, L.L.C., for itself and as the general partner of Globis Capital Management, L.P., the Investment Manager of Globis Overseas Fund, Ltd.
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February 14, 2014
|
/s/ Paul Packer | ||
Paul Packer,
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individually and as managing member of:
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(a) Globis Capital Advisors, L.L.C., for itself and as the general partner of Globis Capital Partners, L.P.; and (b) Globis Capital, L.L.C., for itself and as the general partner of Globis Capital Management, L.P., the Investment Manager of Globis Capital Partners, L.P.
|