But if the directors were polled by telephone, the executive changes could come before the next official board meeting, on June 27.

It was the second round of executive changes for Tandycrafts in recent weeks.

He denied that the executive changes were related to the company's recent performance.

Mr. Palmer declined today to comment on the executive changes.

He said he was not aware of any other possible executive changes.

The company has also been jolted by a series of executive changes.

The news of the executive changes came after the market closed.

The executive changes will become effective in April.

Further executive changes will be announced today, the person close to the company said.

Analysts said the executive changes were not especially surprising.