tandy brands accessories inc (TBAC) Key Developments
NASDAQ Announces Delisting Of Tandy Brands Accessories
Feb 21 14
NASDAQ announced that it will delist the common stock of Tandy Brands Accessories, Inc. Tandy Brands Accessories, Inc.'s stock was suspended on February 10, 2014 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting for each of these companies. The delisting become effective ten days after the Form 25 is filed.
Tandy Brands Accessories, Inc. announced delayed 10-Q filing
Feb 12 14
On 02/12/2014, Tandy Brands Accessories, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Tandy Brands to Lay Off 94 Workers as Company Continues Shutdown
Feb 10 14
Tandy Brands to lay off 94 workers in stages through February 28, 2014 as the Dallas-based designer and maker of men's, women's and children's accessories continues to shutter the company and sell of its assets. The company announced in January that it was closing and selling its assets to pay off $29 million in debt. Tandy Brands had struggled with financial and operational losses for years. The decision to liquidate came after Tandy Brands defaulted on its loans after recording financial losses since 2008.
Tandy Brands Accessories, Inc.(OTCPK:TBAC) dropped from NASDAQ Composite Index
Feb 10 14
Tandy Brands Accessories, Inc. will be removed from the NASDAQ Composite Index.
Tandy Brands Accessories, Inc. Eliminates Roger Hemminghaus as Chief Executive Officer
Feb 3 14
In a Form 8-K filed on January 30, 2014, Tandy Brands Accessories, Inc. announced certain defaults under its senior secured credit agreement and that its senior secured lender had determined to begin dispositive sales of certain assets being used as collateral under the credit agreement and the related security agreements. Effective as of January 30, 2014, as a result of the transactions in Tandy Brands Accessories, Inc.'s form 8-K filed on January 30, 2014, Mr. Roger Hemminghaus' position as Chief Executive Officer of the company was eliminated. Mr. Hemminghaus continues to serve as the Chairman of the board of directors of the company.