SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C.
Form
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
SECURITIES
EXCHANGE ACT OF 1934
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Date
of report (Date of earliest event reported):
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December
28, 2006
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Tandy
Leather Factory, Inc.
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(Exact
Name of Registrant as Specified in Its
Charter)
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Delaware
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(State
or Other Jurisdiction of
Incorporation
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1-12368
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75-2543540
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(Commission
File Number)
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(IRS
Employer Identification Number)
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3847
East Loop 820 South, Fort Worth, Texas
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76119
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(817)
496-4414
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(Registrant’s
Telephone Number, Including Area
Code)
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(Former
Name or Former Address, if Changed Since Last
Report)
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Item
5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
On
December 28, 2006, Wray Thompson resigned as Chief Executive Officer of Tandy
Leather Factory, Inc. (the “Company”) effective as of December 31, 2006. Mr.
Thompson will continue to serve as Chairman of the Company’s Board of Directors
at the pleasure of the Board. Mr. Thompson’s annual fee for his services at
Chairman and a member of the Board of Directors has not yet been determined
by
the Board’s Compensation Committee.
On
December 28, 2006, Ron Morgan was elected as Chief Executive Officer (CEO)
of
the Company effective as of January 1, 2007. Mr. Morgan, age 59, has served
as
the Company’s President since 2001 and Chief Operating Officer since 1993. Mr.
Morgan is married to Robin Morgan, the Company’s Vice President of
Administration and Assistant Secretary.
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 by the undersigned hereunto
duly authorized.
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TANDY
LEATHER FACTORY, INC.
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Date:
December 28, 2006
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BY:
/s/
Shannon L. Greene
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Chief
Financial Officer &
Treasurer
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