Stanley Black & Decker Announces Executive Changes
Ticker: SWK · Form: 8-K · Filed: Apr 12, 2024 · CIK: 93556
| Field | Detail |
|---|---|
| Company | Stanley Black & Decker, Inc. (SWK) |
| Form Type | 8-K |
| Filed Date | Apr 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, personnel, operations
Related Tickers: SWK
TL;DR
SBD shakes up ops leadership, Allan departs strategy role.
AI Summary
Stanley Black & Decker, Inc. announced on April 11, 2024, the appointment of Michael J. Scharfenberger as Senior Vice President, Global Operations, effective April 15, 2024. Additionally, the company announced the departure of Donald Allan, Jr. from his role as Senior Vice President, Corporate Development and Strategy, effective April 11, 2024. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in key operational and strategic leadership roles can impact a company's future direction and execution, potentially affecting investor confidence and operational efficiency.
Risk Assessment
Risk Level: medium — Executive changes, especially in operational and strategic roles, can signal internal shifts or challenges that may affect future performance.
Key Players & Entities
- Stanley Black & Decker, Inc. (company) — Registrant
- Michael J. Scharfenberger (person) — Appointed Senior Vice President, Global Operations
- Donald Allan, Jr. (person) — Departed Senior Vice President, Corporate Development and Strategy
- April 11, 2024 (date) — Effective date of Allan's departure and report date
- April 15, 2024 (date) — Effective date of Scharfenberger's appointment
FAQ
Who has been appointed as the new Senior Vice President of Global Operations?
Michael J. Scharfenberger has been appointed as Senior Vice President, Global Operations, effective April 15, 2024.
When did Donald Allan, Jr. depart from his role?
Donald Allan, Jr. departed from his role as Senior Vice President, Corporate Development and Strategy, effective April 11, 2024.
What is the effective date for Michael J. Scharfenberger's new role?
The effective date for Michael J. Scharfenberger's appointment as Senior Vice President, Global Operations is April 15, 2024.
What other information is disclosed regarding officers?
The filing also discloses compensatory arrangements for certain officers.
What is the principal executive office address for Stanley Black & Decker, Inc.?
The principal executive offices are located at 1000 Stanley Drive, New Britain, Connecticut, 06053.
Filing Stats: 690 words · 3 min read · ~2 pages · Grade level 10 · Accepted 2024-04-12 16:16:54
Key Financial Figures
- $2.50 — ge on which registered Common Stock - $2.50 Par Value per Share SWK New York St
Filing Documents
- d805637d8k.htm (8-K) — 25KB
- g805637g0412195543268.jpg (GRAPHIC) — 4KB
- 0001193125-24-094697.txt ( ) — 152KB
- swk-20240411.xsd (EX-101.SCH) — 3KB
- swk-20240411_lab.xml (EX-101.LAB) — 17KB
- swk-20240411_pre.xml (EX-101.PRE) — 11KB
- d805637d8k_htm.xml (XML) — 3KB
SIGNATURES
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. STANLEY BLACK & DECKER, INC. Date: April 12, 2024 By: /s/ Janet M. Link Name: Janet M. Link Title: Senior Vice President, General Counsel and Secretary