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:) May 19, 2010

Tandy Leather Factory, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation

1-12368	75-2543540
(Commission File Number)	(IRS Employer Identification Number)

1900 Southeast Loop 820, Fort Worth, Texas	76140
(Address of Principal Executive Offices)	(Zip Code)

(817) 872-3200

(Registrant’s Telephone Number, Including Area Code)

(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 obligations of the registrant under any of the following provisions (see General Instruction A.2 below)

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

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

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

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

Item 3.01.Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On May 19, 2010, Tandy Leather Factory, Inc. (the “Company”) announced its intention to list its common stock, par value $0.0024 per share, on the NASDAQ Global Market (“NASDAQ”).  The Company expects to begin trading on NASDAQ on June 2, 2010 and will continue to trade under the symbol “TLF.”  On May 19, 2010, the Company provided written notice to NYSE Amex that the Company expects to voluntarily cease trading on NYSE Amex effective June 1, 2010 and intends to transfer its listing to NASDAQ.  The Company’s Board of Directors approved this transfer to NASDAQ on May 18, 2010.

A copy of the press release is attached as Exhibit 99.1.

Item 5.07.                      Submission of Matters to a Vote of Security Holders.

The annual meeting of stockholders of the Company (the “Annual Meeting”) was held on May 18, 2010.  At the Annual Meeting, the stockholders of the Company voted on one matter, the election of seven individuals to serve on the Company’s Board of Directors until the next annual meeting of stockholders or until their successors have been duly elected and qualified.  The individuals named below were elected to the Company’s Board of Directors:

Nominee	Votes For	Votes Against	Abstentions	Broker Non-Votes
Wray Thompson, Chairman of the Board	7,266,029	235,817	1,740	0
Shannon L. Greene	7,496,139	6,057	1,390	0
T. Field Lange	7,432,853	69,043	1,690	0
Joseph R. Mannes	7,493,565	8,331	1,690	0
L. Edward Martin III	7,436,027	65,878	1,681	0
Michael A. Nery	6,093,680	1,381,556	28,350	0
Jon Thompson	7,494,446	8,245	895	0

Item 8.01.                      Other Events.

On May 19, 2010, the Company issued a press release announcing that on May 18, 2010, its Board of Directors authorized a $0.75 per share special one-time dividend to be paid to stockholders of record at the close of business on June 3, 2010.  The dividend is payable on July 5, 2010.

A copy of the press release is attached as Exhibit 99.2.

Item 9.01.                                          Financial Statements and Exhibits.

(d)   Exhibits

Exhibit 99.1                                  Press release, dated May 19, 2010

Exhibit 99.2                                  Press release, dated May 19, 2010

SIGNATURES

Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TANDY LEATHER FACTORY, INC.
Date:  May 24, 2010	By: /s/ Jon Thompson
	Jon Thompson, Chief Executive Officer and President

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release, dated May 19, 2010
99.2	Press release, dated May 19, 2010

EX-99.1

EXHIBIT 99.1

 FOR IMMEDIATE RELEASE                                                    May 19, 2010

TANDY LEATHER FACTORY, INC. TO BEGIN TRADING ON NASDAQ GLOBAL MARKET

FORT WORTH, TEXAS – Tandy Leather Factory, Inc. (AMEX: TLF) (the “Company”) announced today that it has been approved for listing on the NASDAQ Global Market under the symbol “TLF.”  Trading on the NASDAQ Global Market is expected to commence on June 2, 2010.  The Company’s common stock will continue to trade on the NYSE Amex until the market close on June 1, 2010.

Jon Thompson, Chief Executive Officer and President of the Company, commented, “We are pleased to announce our listing on the NASDAQ Global Market.  We believe the move to NASDAQ will improve the visibility of our stock, enhance trading liquidity in our shares, and provide us with greater exposure to institutional investors.”

Tandy Leather Factory, Inc., (http://www.tandyleatherfactory.com), headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 29 Leather Factory stores, located in 19 states and 3 Canadian provinces, 76 Tandy Leather retail stores, located in 36 states and 6 Canadian provinces, one combination wholesale/retail store located in the United Kingdom, and Mid-Continent Leather Sales, one store located in Oklahoma.  Its common stock trades on the NYSE Amex with the symbol "TLF".  To be included on Tandy Leather Factory’s email distribution list, go to http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.

Contact:	Shannon L. Greene, Tandy Leather Factory, Inc.	(817) 872-3200 or sgreene@tandyleather.com
	Mark Gilbert, Magellan Fin, LLC	(317) 867-2839 or MGilbert@MagellanFin.com

This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission.  These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

EX-99.1

EXHIBIT 99.2

FOR IMMEDIATE RELEASE                               May 19, 2010

TANDY LEATHER FACTORY ANNOUNCES A SPECIAL ONE-TIME CASH DIVIDEND

OF $0.75 PER SHARE

FORT WORTH, TEXAS – Tandy Leather Factory, Inc. (AMEX: TLF) announced today that on May 18, 2010, its Board of Directors authorized a $0.75 per share special one-time dividend to be paid to stockholders of record at the close of business on June 3, 2010.  The dividend is payable on July 5, 2010.

Jon Thompson, Chief Executive Officer and President, commented, “The strength of our balance sheet provides us with the financial flexibility to return capital to our stockholders.  This special dividend is a tangible demonstration by our Board of Directors of our appreciation to our stockholders for their commitment to our company.”

Tandy Leather Factory, Inc., (http://www.tandyleatherfactory.com), headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 29 Leather Factory stores, located in 19 states and 3 Canadian provinces, 76 Tandy Leather retail stores, located in 36 states and 6 Canadian provinces, one combination wholesale/retail store located in the United Kingdom, and Mid-Continent Leather Sales, one store located in Oklahoma.  Its common stock trades on the NYSE Amex with the symbol "TLF".  To be included on Tandy Leather Factory’s email distribution list, go to http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.

Contact:	Shannon L. Greene, Tandy Leather Factory, Inc.	(817) 872-3200 or sgreene@tandyleather.com
	Mark Gilbert, Magellan Fin, LLC	(317) 867-2839 or MGilbert@MagellanFin.com

This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission.  These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.