On February 11, 2014, Tandy Leather Factory, Inc. announced that it has expanded the Company's board to 10 members, and elected Jefferson Gramm to serve as a member of the board effective February 11, 2014. The Company also said that Gramm has been a portfolio manager at Bandera Partners LLC since 2006. Further, the Company said that its board has not yet determined the committees of the board on which Gramm will serve.