-----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, MbxadFAbGAVrkf84hNHsfrDM189XjGWhafcmxKmBBVPYOAt8w52sGOstkSlD9Itu 9n6lWAzSYpkxApNz/QbLyA== /in/edgar/work/20000607/0000096294-00-000016/0000096294-00-000016.txt : 20000919 0000096294-00-000016.hdr.sgml : 20000919 ACCESSION NUMBER: 0000096294-00-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000607 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TANDYCRAFTS INC CENTRAL INDEX KEY: 0000096294 STANDARD INDUSTRIAL CLASSIFICATION: [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: 650922 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 0001.txt 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 7, 2000 Date of Earliest Event Reported: May 31, 2000 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 May 31, 2000, Registrant issued a press release announcing that it has ceased production at its Van Nuys, California manufacturing and distribution facility. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS --------------------------------- (c) Exhibits. -------- Exhibit Number Description ------- -------------------------------------------------- 99 On May 31, 2000, Registrant issued a press release announcing that it has ceased production at its Van Nuys, California manufacturing and distribution facility. 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 7, 2000 By:/s/ Michael J. Walsh ----------------------------- Michael J. Walsh, Chairman and Chief Executive Officer Date: June 7, 2000 By:/s/ James D. Allen ----------------------------- James D. Allen, President and Chief Chief Officer Date: June 7, 2000 By:/s/ Leo Taylor ----------------------------- Leo Taylor, Senior Vice President of Finance (Principal Finance Officer) EX-99 2 0002.txt CONTACT: Jim Allen, Leo Taylor Tandycrafts, Inc. (817) 551-9600 (investor_relations@tandycrafts.com) FOR IMMEDIATE RELEASE or Jeff Lambert, Brian Edwards (mail@lambert-edwards.com) Lambert, Edwards & Associates, Inc. (616) 233-0500 TANDYCRAFTS CONCLUDES PRODUCTION AT CALIFORNIA PLANT COMPANY PLANS TO DOUBLE PRODUCTION CAPACITY AT ITS MEXICO PLANT FORT WORTH, Texas, May 31, 2000 - In line with its previously announced strategic plan to reorganize its Pinnacle Art & Frame unit, Tandycrafts, Inc. (NYSE: TAC) today announced it has ceased production at its Van Nuys, Calif. frame manufacturing and distribution facility. Tandycrafts, a Fort Worth-based maker and marketer of products for the home and office, unveiled a strategic plan in fiscal 1999 aimed at improving efficiency and customer service within its Pinnacle unit. The Company said it would be shifting manufacturing operations from the Van Nuys facility to its new state- of-the-art production facility in Durango, Mexico. The plan also called for the transfer of Pinnacle's distribution operations to Tandycrafts' corporate facility in Fort Worth. In addition, the Company centralized Pinnacle's product development, design, sales and administration functions that were previously located in California to the Fort Worth headquarters. "We are committed to positioning Pinnacle as a world-class manufacturer of frames and wall decor," said Jim Allen, president of Pinnacle and president and chief operating officer of Tandycrafts. "To do that, we must have superior products and a more efficient cost structure. The closure of the Van Nuys facility was difficult from an employee perspective, but has been a positive step for Tandycrafts." Tandycrafts said it will double its production capacity in Durango over the next several months as it transfers production lines from the Van Nuys facility to the Mexico facility. The company plans to hire an additional 200 workers to supplement the approximately 400 current employees as the transfer of the production lines progresses. "Pinnacle remains a key component of Tandycrafts' future success, and we are committed to providing it with the financial and operational resources for growth," Allen said. "Shifting production to the new Durango facility gives Pinnacle the capacity and capabilities it needs to become the leader in the frames and wall decor market." Tandycrafts, Inc. (www.tandycrafts.com) is a leading maker and marketer of consumer products, including frames and wall decor, office supplies, home furnishings and gift products. The Company's products are sold nationwide through wholesale distribution channels, including mass merchandisers and specialty retailers, and direct-to-consumer channels through the Company's retail stores, mail order and the Internet. ### -----END PRIVACY-ENHANCED MESSAGE-----