Welcome to our dedicated page for TANDY LEATHER FACTORY SEC filings (Ticker: TLF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Tandy Leather Factory, Inc. filings document the reporting obligations of a Delaware specialty retailer whose common stock trades on the Nasdaq Capital Market under the symbol TLF. Its 8-K filings furnish operating results, press-release exhibits, address changes and material-event disclosures, including agreements affecting common stock and capital structure.
The company’s proxy materials cover annual-meeting matters such as director elections, independent auditor ratification, advisory votes on executive compensation, board structure, committee oversight, compensation practices and corporate governance. Periodic reports referenced in the filing record provide formal disclosure on revenue, gross margin, operating expenses, cash, inventory and risks connected to the company’s leathercraft retail and distribution operations.
Tandy Leather Factory reported first quarter 2026 results showing modest growth in its core business. Sales were $19.7 million, up from $19.0 million a year earlier, while gross profit rose to $12.0 million from $10.7 million, reflecting higher margins.
Net income was $0.03 per share, compared to $1.36 basic and $1.35 diluted per share in the prior-year quarter, which benefited from a one-time headquarters sale. EBITDA for the quarter was $0.7 million.
As of March 31, 2026, the company held $10.1 million in cash and cash equivalents, down from $16.1 million a year earlier, primarily due to a special dividend of approximately $6.1 million, tax payments tied to the 2025 headquarters sale, and relocation-related expenses. Inventory was $33.7 million, slightly higher than $33.2 million at December 31, 2025. Management highlighted higher sales, improved gross margins driven by pricing changes, and noted that operating expenses increased due to compensation, operations and technology investments, and higher occupancy costs from renting the headquarters and flagship store.
Tandy Leather Factory, Inc. reported a modestly profitable quarter for the period ended March 31, 2026. Net sales rose to $19.7 million from $19.0 million, a 3.2% increase driven by sales campaigns, better product mix in stores, and growth in classes and community activities.
Gross profit increased to $12.0 million, with gross margin improving to 61.0% from 56.3%, mainly from pricing changes. Operating expenses rose to $11.6 million on higher compensation, occupancy, property taxes and healthcare, leaving income from operations at $0.4 million.
Net income was $0.2 million (basic and diluted EPS of $0.03) versus $11.6 million last year, when results included a $16.6 million gain on the Fort Worth headquarters sale. The company paid a one-time cash dividend of $0.75 per share (about $6.1 million), ending the quarter with $10.1 million in cash and an undrawn $4 million credit facility. Tandy operates 100 stores across the U.S., Canada and Spain.
Tandy Leather Factory Inc director Victoria Marie Cantrell filed a Form 4 that reports her existing holdings rather than new trades. She directly holds 14,891 shares of Common Stock, with no buy or sell transactions indicated in this filing.
The filing also lists several blocks of Restricted Stock Units, each convertible into Common Stock at an exercise price of $0.00 per share. These RSUs cover 700, 1,624, 2,349 and 4,336 underlying Common shares and, according to the footnote, do not expire.
Tandy Leather Factory director John Richmond Sullivan filed a Form 4 updating his equity holdings. The filing shows he holds 4,336 Restricted Stock Units (RSUs), each representing one share of Common Stock at a conversion price of $0.0000. After this update, he reports no shares of Common Stock held directly. A footnote explains that these RSUs do not expire, meaning they remain outstanding until settled in stock or otherwise addressed under the company’s equity plan.
TANDY LEATHER FACTORY INC director Johnathan Lee Gehre updated his equity holdings. The filing shows he directly holds no shares of Common Stock and holds Restricted Stock Units covering 4,336 underlying shares of Common Stock at an exercise price of $0.0000. A footnote clarifies these RSUs do not expire.
Tandy Leather Factory Inc. director Diana Saadeh-Jajeh reported her current equity holdings in a Form 4. She directly holds 783 shares of Common Stock. She also holds Restricted Stock Units that are settleable into 4,336 and 2,349 shares of Common Stock, respectively, at an exercise price of $0.00.
TANDY LEATHER FACTORY INC Chief Executive Officer Lars Johan Hedberg reported routine equity compensation activity involving restricted stock units and common stock. On February 18, 2026, 100,000 restricted stock units were exercised into 100,000 shares of common stock. In connection with this vesting, 39,350 shares were withheld to cover the holder’s tax obligations, a non-market disposition that does not reflect an open-market sale. After these transactions, Hedberg directly holds 60,350 shares of common stock. No remaining derivative securities are shown after this full RSU conversion.
Tandy Leather Factory, Inc. is calling its 2026 Annual Meeting of Stockholders for June 9, 2026, at its Benbrook, Texas headquarters. Stockholders of record as of April 13, 2026, when 8,143,569 common shares were outstanding, may vote.
Investors will vote on electing six directors, ratifying Whitley Penn as independent auditor for 2026, and approving an advisory “Say-on-Pay” resolution on executive compensation; the Board recommends voting FOR all three. Major holders include Bandera Partners LLC with 35.1% of common stock and JCP Investment Partnership with 10.6%. In 2025, sales rose by about $1.9 million and net income increased by about $8.3 million, largely from the sale of the former headquarters, while new CEO Johan Hedberg received total compensation of $4,646,360, mostly in performance-based restricted stock units.
Tandy Leather Factory, Inc. filed an amended annual report for the year ended December 31, 2025. The amendment is solely to add its Executive Compensation Recovery Policy (clawback policy) as Exhibit 97.1, as required by Rule 10D-1 and Nasdaq listing standards.
The amendment does not change any financial statements or other disclosures in the original annual report and should be read together with that filing. Non‑affiliate common stock had an aggregate market value of $15,907,771 at December 31, 2025, and 8,072,875 shares were outstanding as of February 19, 2026.
Tandy Leather Factory reported significantly stronger results for 2025, with full-year sales of $76.3 million, up from $74.4 million, and net income rising to $9.1 million from $0.8 million. Earnings reached $1.10 per basic and diluted share, compared with $0.04 a year earlier.
Fourth quarter 2025 sales grew to $22.2 million from $20.5 million, while gross profit increased to $12.1 million from $10.8 million. Cash and cash equivalents were $16.1 million as of December 31, 2025, helped by the sale of the former headquarters, after which the company paid a special dividend of approximately $12.7 million and incurred relocation-related costs.
Gross profit for the year was $43.5 million, or 57.0% of sales, versus $41.8 million, or 56.2%, in 2024, while operating expenses increased to $44.5 million from $41.2 million. Management highlighted sales growth, margin improvement, the $0.75 per share special dividend, and a focus on returning to operating profitability in 2026.