-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D0JGoMMvGax5Zc9xXpT5OWvp6KoRZtmmiTrxLy5D58ywXZNghwgoYKT+60lN+yUn OoQERgh7ypbT8eAgljmzCg== 0000096294-98-000019.txt : 19980609 0000096294-98-000019.hdr.sgml : 19980609 ACCESSION NUMBER: 0000096294-98-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980608 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980608 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: TANDYCRAFTS INC CENTRAL INDEX KEY: 0000096294 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 751475224 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07258 FILM NUMBER: 98643957 BUSINESS ADDRESS: STREET 1: 1400 EVERMAN PKWY CITY: FORT WORTH STATE: TX ZIP: 76140 BUSINESS PHONE: 8175519600 MAIL ADDRESS: STREET 1: 1400 EVERMAN PKWY CITY: FORT WORTH STATE: TX ZIP: 76140 8-K 1 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: June 8, 1998 Date of Earliest Event Reported: June 2, 1998 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 June 2, 1997, Registrant issued a press release announcing the sale of Joshua's Christian Stores chain to Family Christian Stores. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS --------------------------------- (c) Exhibits. -------- Exhibit Number Description ------- ----------------------------------------- 99 Copy of press release announcing the sale of Joshua's Christian Stores chain to Family Christian Stores. 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: June 2, 1998 By:/s/ Michael J. Walsh -------------------------- Michael J. Walsh, President and Chief Executive Officer Date: June 2, 1998 By:/s/ James D. Allen -------------------------- James D. Allen, Executive Vice President and Chief Financial Officer EX-99 2 TANDYCRAFTS, INC. COMPLETES SALE OF JOSHUA'S CHRISTIAN STORES CHAIN TO FAMILY CHRISTIAN STORES FORT WORTH, Texas, June 2, 1998 /PRNewswire/ -- Tandycrafts, Inc. (NYSE: TAC - news) today announced that it has completed the sale of its 56-store Joshua's Christian Stores chain to Grand Rapids, Mich.-based Family Christian Stores. Family Christian Stores is the nation's largest Christian retailer with 215 stores in 35 states prior to the Joshua's acquisition. "Our decision to sell the Joshua's chain represents one more step in our continuing effort to focus on our most profitable and promising operations," said chief executive officer Michael J. Walsh. "This opportunity represents a good strategic fit for Family Christian Stores and we are pleased that they are committed to maintaining Joshua's retail operation moving forward." Leslie E. Dietzman, president and chief executive officer of Family Christian Stores, stated that nearly all of the 56 stores acquired will be staffed by former Joshua's store managers and employees. In addition, Family Christian Stores is adding three new district manager positions, all filled by former Joshua's employees. Tandycrafts has owned Joshua's Christian Stores since 1986, growing the chain from five stores to its current position as one of the largest retail chains of inspirational books, Bibles, music and gift items, operating 56 stores in 10 states. In a recent Christian Retailing poll on store brand names in the Christian retailing industry, Family Christian Stores was ranked the most recognized store brand, followed by Joshua's at number two. Tandycrafts, Inc. is a specialty retailer and manufacturer. Included in its Specialty Retail segment are Tandy Leather Company and Sav-On Office Supplies. The Specialty Manufacturing segment is comprised of two manufacturing divisions: Pinnacle Art & Frame and Tandy Wholesale International. # # # -----END PRIVACY-ENHANCED MESSAGE-----