-----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, Igkm42e5t0z91naKoZaIxjwXAQDKodPRyDQEnHRaid0OyO9yZBOh4eypL2BaZITI u3VAmlMNwxJYPEnZYVTyTA== 0000096294-01-500007.txt : 20010511 0000096294-01-500007.hdr.sgml : 20010511 ACCESSION NUMBER: 0000096294-01-500007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010510 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010510 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: 1628775 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 k8-delisting.txt SEC DELISTING 8K 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: May 8, 2001 Date of Earliest Event Reported: May 5, 2001 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 5, 2001, Registrant issued a press release announcing that the Company has been advised by the New York Stock Exchange that the Company's plan for compliance with continued listing standards has not been accepted and that the NYSE had determined that the Company's stock should be suspended prior to the opening on May 14, 2001. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit Number Description ------- ----------- 99 On May 5, 2001, Registrant issued a press release announcing that the Company has been advised by the New York Stock Exchange that the Company's plan for compliance with continued listing standards has not been accepted and that the NYSE had determined that the Company's stock should be suspended prior to the opening on May 14, 2001. 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: March 8, 2001 By:/s/ Michael J. Walsh ------------------------ Michael J. Walsh, Chairman and Chief Executive Officer Date: March 8, 2001 By:/s/ Leo Taylor ------------------------ Leo Taylor, Senior Vice President of Finance (Principal Finance Officer) EX-99 2 pr-delisting.txt PRESS RELEASE ANNOUNCING DELISTING CONTACT: Leo Taylor (817) 551-9600 Tandycrafts, Inc. or FOR IMMEDIATE RELEASE Jeff Lambert Lambert, Edwards & Associates, Inc. (616) 233-0500 TANDYCRAFTS ANNOUNCES DELISTING NOTICE FORT WORTH, Texas, May 5, 2001 - Tandycrafts, Inc. (NYSE: TAC) today announced that it has been advised by the New York Stock Exchange (NYSE) that the Company's plan for compliance with continued listing standards has not been accepted by the NYSE and that the NYSE has determined that the Company's stock should be suspended prior to the opening on May 14, 2001. The Company has a right to a review of this determination and is evaluating this right. The Company is also evaluating its alternative trading options, including the pink sheets. The NYSE stated that this action was taken due to the Company's failure to meet the NYSE's continued listing standards requiring total global capitalization of not less than $50 million and total stockholder's equity of not less than $50 million, average market capitalization of not less than $15 million over a thirty (30) day trading period, and a 30-day average share price of not less than $1.00. Tandycrafts, Inc. (www.tandycrafts.com) is a maker and marketer of picture frames and wall decor. Tandycrafts' products are sold nationwide through wholesale distribution channels, including mass merchandisers and specialty retailers. Statements in this news release which are not purely historical facts are forward looking statements, including statements containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended. Although Tandycrafts believes that the expectations in the forward looking statements are reasonable, Tandycrafts can give no assurance that such expectations or the forward looking statements will prove to be correct. Any forward-looking statement inherently involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of Tandycrafts' products in the marketplace, successful implementation of its strategic plan, the extension or refinancing of its existing bank facility and the restrictions any such extension or refinancing could place on Tandycrafts, the ability to obtain new financing from other financing sources, the ability to generate positive cash flow from operations and asset sales, competitive factors, dependence upon third-party vendors, and other risks detailed in Tandycrafts' periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, Tandycrafts undertakes no obligation to update these statements for revisions or changes after the date of this release. Readers are cautioned not to place undue reliance on forward- looking statements. The inclusion of any statement in this release does not constitute an admission by Tandycrafts or any other person that the events or circumstances described in such statement are material. # # # -----END PRIVACY-ENHANCED MESSAGE-----