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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): October 1, 2008</B>

<P style="font-size: 24pt" align="center"><B>TANDY BRANDS ACCESSORIES, INC.<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-18927</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>75-2349915</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>690 East Lamar
Blvd.,<BR>
Suite 200<BR>
Arlington, Texas<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>76011</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(817) 265-4113</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>N/A<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">&#254;</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
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style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>


<P style="font-size: 10pt" align="center">&nbsp;


<P style="display: none; font-size: 10pt" align="center">1

<P style="font-size: 10pt" align="center">&nbsp;
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<TABLE style="font-size: 10pt; text-align: center" cellspacing="0" cellpadding="0" width="100%" border="0">
 <TR>
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  <TD width="1%">&nbsp;</TD>
  <TD width="90%">&nbsp;</TD>
 </TR>
 <TR valign="top">
   <TD align="left"><B>Item&nbsp;5.02</B></TD>
  <TD>&nbsp;</TD>
   <TD align="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.</B> </TD>
</TR>
</TABLE>

<P style="font-size: 10pt; text-indent: 4%" align="left">On October&nbsp;1,
2008, Tandy Brands Accessories, Inc. (the &#8220;Company&#8221;) announced that
N. Roderick (Rod) McGeachy, III has been appointed as President and Chief
Executive Officer of the Company, effective as of October&nbsp;1, 2008. Mr.
McGeachy succeeds J.S.B. (Britt) Jenkins, who has served as President and Chief
Executive Officer of the Company since 1990. To facilitate the transition
between Mr.&nbsp;Jenkins and Mr.&nbsp;McGeachy, Mr.&nbsp;Jenkins will continue
as an employee of the Company for a reasonable transition period and will
continue as Chairman of the Board. A copy of the press release announcing
Mr.&nbsp;McGeachy&#8217;s appointment is filed as Exhibit&nbsp;99.1 to this
current report and is incorporated herein by reference.

<P style="font-size: 10pt; text-indent: 4%" align="left">Prior to joining the
Company, Mr.&nbsp;McGeachy, age 40, served as Vice President, Strategy &amp;
Business Development for VF Jeanswear Americas, a division of VF Corporation,
from May&nbsp;2006 to October&nbsp;2008 and as Director, Corporate Strategy for
VF Corporation from May&nbsp;2005 to April&nbsp;2006. He also previously served
as Vice President of Marketing for Russell Athletic, a division of Russell
Corporation, from September&nbsp;2002 to April&nbsp;2005 and held various other
management, business development and marketing positions at Russell Corporation
prior to that time. In addition, Mr.&nbsp;McGeachy has held management and
marketing positions at Accenture Ltd. and Sara Lee Corporation.
Mr.&nbsp;McGeachy earned an MBA from Harvard University and a Bachelor of Arts
degree from the University of North Carolina-Chapel Hill, where he was a
Morehead-Cain scholar.

<P style="font-size: 10pt; text-indent: 4%" align="left">Mr.&nbsp;McGeachy will
be paid an annual base salary of $300,000, which will be increased to a minimum
of $330,000 on July&nbsp;1, 2009. Under the Company&#8217;s incentive plan,
Mr.&nbsp;McGeachy will be eligible to receive a target performance bonus for
fiscal 2009 (on a prorated basis) and 2010 equal to 75% of his base salary,
based on criteria that will be determined by the Board upon its adoption of the
overall bonus program for the Company&#8217;s executives, with a guaranteed
minimum bonus of 55% and 35% of base salary for fiscal 2009 and 2010,
respectively. Mr.&nbsp;McGeachy will receive relocation assistance and will be
entitled to participate in the Company&#8217;s standard benefits and insurance
programs.

<P style="font-size: 10pt; text-indent: 4%" align="left">In connection with
Mr.&nbsp;McGeachy&#8217;s appointment, he will also receive a sign-on bonus of
$210,000 and, effective October&nbsp;1, 2008, a grant of stock options to
purchase 30,000 shares of the Company&#8217;s common stock, which will vest in
one-third increments on each anniversary of the date of grant and expire on
October&nbsp;1, 2018.

<P style="font-size: 10pt; text-indent: 4%" align="left">The Company has
entered into an employment agreement with Mr.&nbsp;McGeachy, effective
October&nbsp;1, 2008 (the &#8220;Agreement&#8221;). The Agreement sets forth
Mr.&nbsp;McGeachy&#8217;s compensation and contains standard terms, including
confidentiality and non-competition provisions. Under the Agreement, if
Mr.&nbsp;McGeachy is terminated without cause (as defined in the Agreement) and
other than due to disability or if Mr.&nbsp;McGeachy terminates his employment
with the Company for &#8220;good reason&#8221; (as defined in the Agreement)
prior to the second anniversary of his employment with the Company, he will be
entitled to a lump sum payment equal to his base salary for the greater of
12&nbsp;months or the remainder of the initial two-year employment period and,
pursuant to his stock option agreement, all unvested outstanding equity awards
will immediately vest and all restrictions on such awards will immediately
lapse.



<P style="font-size: 10pt" align="center">2

<P style="font-size: 10pt" align="center">&nbsp;


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<P style="font-size: 10pt" align="left"><B>Item&nbsp;8.01 Other Events.</B>

<P style="font-size: 10pt" align="left"><B>Important Information</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">The Company filed a
Definitive Proxy Statement in connection with its 2008 Annual Meeting of
Stockholders with the Securities and Exchange Commission on September&nbsp;23,
2008. <B>Stockholders are strongly advised to read the Proxy Statement
carefully, as it contains important information. </B>The Company and certain
other persons are deemed participants in the solicitation of proxies from
stockholders in connection with the 2008 Annual Meeting of Stockholders.
Information concerning such participants is available in the Company&#8217;s
Proxy Statement. Stockholders may obtain, free of charge, copies of the
Company&#8217;s Proxy Statement and any other documents the Company files with
or furnishes to the SEC in connection with the 2008 Annual Meeting of
Stockholders through the SEC&#8217;s website at www.sec.gov, through the
Company&#8217;s website at www.tandybrands.com or by contacting the
Company&#8217;s proxy solicitor, The Altman Group, toll free at
(866)&nbsp;721-1478.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01 Financial Statements
and Exhibits</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
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 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release, dated October&nbsp;1, 2008.</TD>
 </TR>
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<P style="font-size: 10pt" align="center">3
<P style="font-size: 10pt" align="center">&nbsp;
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">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.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

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  <TD width="40%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="50%">&nbsp;</TD>
 </TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD colspan="2" align="left"><B>TANDY BRANDS ACCESSORIES, INC.</B></TD>
</TR>


<TR><TD>&nbsp;</TD></TR>

<TR>
<TD align="left">Date: October&nbsp;3, 2008</TD>
<TD>&nbsp;</TD>
<TD align="left">By: </TD>
<TD align="left" style="border-bottom: 1px solid #000000">/s/ M.C. Mackey</TD>
</TR>

 <TR valign="top">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="left">M.C. Mackey<BR>Chief Financial Officer</TD>
 </TR>

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;


<P style="font-size: 10pt" align="center">4

<P style="font-size: 10pt" align="center">&nbsp;
</DIV>


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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>

<TR valign="bottom">
<TD align="left" style="border-bottom: 1px solid #000000"><B>Exhibit<BR>Number</B></TD>
<TD>&nbsp;</TD>
<TD align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>
<!-- End Table Head -->

<!-- Begin Table Body -->
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press Release, dated October&nbsp;1, 2008.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">5
</DIV>
</BODY>
</HTML>
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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): October 1, 2008
TANDY BRANDS ACCESSORIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
0-18927
75-2349915
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
690 East Lamar
Blvd.,
Suite 200
Arlington, Texas
76011
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(817) 265-4113
N/A
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
þ
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 1,
2008, Tandy Brands Accessories, Inc. (the "Company") announced that
N. Roderick (Rod) McGeachy, III has been appointed as President and Chief
Executive Officer of the Company, effective as of October 1, 2008. Mr.
McGeachy succeeds J.S.B. (Britt) Jenkins, who has served as President and Chief
Executive Officer of the Company since 1990. To facilitate the transition
between Mr. Jenkins and Mr. McGeachy, Mr. Jenkins will continue
as an employee of the Company for a reasonable transition period and will
continue as Chairman of the Board. A copy of the press release announcing
Mr. McGeachy's appointment is filed as Exhibit 99.1 to this
current report and is incorporated herein by reference.
Prior to joining the
Company, Mr. McGeachy, age 40, served as Vice President, Strategy &
Business Development for VF Jeanswear Americas, a division of VF Corporation,
from May 2006 to October 2008 and as Director, Corporate Strategy for
VF Corporation from May 2005 to April 2006. He also previously served
as Vice President of Marketing for Russell Athletic, a division of Russell
Corporation, from September 2002 to April 2005 and held various other
management, business development and marketing positions at Russell Corporation
prior to that time. In addition, Mr. McGeachy has held management and
marketing positions at Accenture Ltd. and Sara Lee Corporation.
Mr. McGeachy earned an MBA from Harvard University and a Bachelor of Arts
degree from the University of North Carolina-Chapel Hill, where he was a
Morehead-Cain scholar.
Mr. McGeachy will
be paid an annual base salary of $300,000, which will be increased to a minimum
of $330,000 on July 1, 2009. Under the Company's incentive plan,
Mr. McGeachy will be eligible to receive a target performance bonus for
fiscal 2009 (on a prorated basis) and 2010 equal to 75% of his base salary,
based on criteria that will be determined by the Board upon its adoption of the
overall bonus program for the Company's executives, with a guaranteed
minimum bonus of 55% and 35% of base salary for fiscal 2009 and 2010,
respectively. Mr. McGeachy will receive relocation assistance and will be
entitled to participate in the Company's standard benefits and insurance
programs.
In connection with
Mr. McGeachy's appointment, he will also receive a sign-on bonus of
$210,000 and, effective October 1, 2008, a grant of stock options to
purchase 30,000 shares of the Company's common stock, which will vest in
one-third increments on each anniversary of the date of grant and expire on
October 1, 2018.
The Company has
entered into an employment agreement with Mr. McGeachy, effective
October 1, 2008 (the "Agreement"). The Agreement sets forth
Mr. McGeachy's compensation and contains standard terms, including
confidentiality and non-competition provisions. Under the Agreement, if
Mr. McGeachy is terminated without cause (as defined in the Agreement) and
other than due to disability or if Mr. McGeachy terminates his employment
with the Company for "good reason" (as defined in the Agreement)
prior to the second anniversary of his employment with the Company, he will be
entitled to a lump sum payment equal to his base salary for the greater of
12 months or the remainder of the initial two-year employment period and,
pursuant to his stock option agreement, all unvested outstanding equity awards
will immediately vest and all restrictions on such awards will immediately
lapse.
2
Item 8.01 Other Events.
Important Information
The Company filed a
Definitive Proxy Statement in connection with its 2008 Annual Meeting of
Stockholders with the Securities and Exchange Commission on September 23,
2008.
Stockholders are strongly advised to read the Proxy Statement
carefully, as it contains important information.
The Company and certain
other persons are deemed participants in the solicitation of proxies from
stockholders in connection with the 2008 Annual Meeting of Stockholders.
Information concerning such participants is available in the Company's
Proxy Statement. Stockholders may obtain, free of charge, copies of the
Company's Proxy Statement and any other documents the Company files with
or furnishes to the SEC in connection with the 2008 Annual Meeting of
Stockholders through the SEC's website at www.sec.gov, through the
Company's website at www.tandybrands.com or by contacting the
Company's proxy solicitor, The Altman Group, toll free at
(866) 721-1478.
Item 9.01 Financial Statements
and Exhibits
Exhibit 99.1
Press Release, dated October 1, 2008.
3
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.
TANDY BRANDS ACCESSORIES, INC.
Date: October 3, 2008
By:
/s/ M.C. Mackey
M.C. Mackey
Chief Financial Officer
4
EXHIBIT INDEX
Exhibit
Number
Description
Exhibit 99.1
Press Release, dated October 1, 2008.
5