{"url_path":"/sec/tlf/8-k/2026-06-10/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-10","source_url":"https://www.sec.gov/Archives/edgar/data/909724/0001140361-26-024802-index.html","accession_number":"0001140361-26-024802","cik":"0000909724","ticker":"TLF","issuer_name":"TANDY LEATHER FACTORY INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/909724/0001140361-26-024802-index.html","primary_entity_key":"0000909724","primary_entity_name":"TANDY LEATHER FACTORY INC"},"word_count":170,"has_tables":true,"body_markdown":"Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements\nof Certain Officers\n\n \n\nOn June 9, 2026, the Board of Directors approved certain changes to the compensation of the Board and Committee Members.\n\n \n\nThe annual cash retainer fees paid to the non-employee directors are increased to $20,000. The chair of the Audit Committee is paid an additional $7,000;\nmembers of the Audit Committee (including the Chair) are paid an additional retainer of $3,000; and the chairs of the Compensation and Nominating and Governance committees are paid an additional retainer of $3,000 (members not receiving a fee).\n\n \n\nFurther, under Section 3.3 of the Tandy Leather Factory, Inc.’s 2023 Stock Incentive Plan, the Administration Committee has determined that all prior RSU\ngrants shall immediately accelerate vesting of all unvested RSUs as of June 9, 2026. For future grants, RSUs shall vest at the time of grant.\n\n \n\nLastly, the Board appointed John Gehre as the Chairman of the Board of Directors, effective June 9, 2026."}