Stanley Black & Decker Appoints New Operations SVP
Ticker: SWK · Form: 8-K · Filed: Jul 26, 2024 · CIK: 93556
| Field | Detail |
|---|---|
| Company | Stanley Black & Decker, Inc. (SWK) |
| Form Type | 8-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.50, $54,166.62, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, operations, personnel
Related Tickers: SWK
TL;DR
Scharfenberger takes over Global Ops from Allan at Stanley Black & Decker, effective today.
AI Summary
Stanley Black & Decker, Inc. announced on July 25, 2024, the appointment of Michael J. Scharfenberger as Senior Vice President, Global Operations, effective immediately. The company also reported the departure of Donald Allan Jr. from his role as Senior Vice President, Global Operations, also effective July 25, 2024. These changes are part of the company's ongoing strategic adjustments.
Why It Matters
This executive change in global operations leadership could signal shifts in the company's manufacturing and supply chain strategies, potentially impacting efficiency and costs.
Risk Assessment
Risk Level: medium — Executive leadership changes, especially in operational roles, can indicate strategic shifts or internal 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, Global Operations
- July 25, 2024 (date) — Effective date of appointments and departures
FAQ
Who has been appointed as the new Senior Vice President of Global Operations at Stanley Black & Decker?
Michael J. Scharfenberger has been appointed as the new Senior Vice President, Global Operations, effective July 25, 2024.
Who previously held the position of Senior Vice President, Global Operations?
Donald Allan Jr. previously held the position of Senior Vice President, Global Operations.
When were these executive changes effective?
The changes were effective on July 25, 2024.
What is the primary business of Stanley Black & Decker, Inc. according to the filing?
Stanley Black & Decker, Inc. is in the CUTLERY, HANDTOOLS & GENERAL HARDWARE industry (SIC code 3420).
In which state is Stanley Black & Decker, Inc. incorporated?
Stanley Black & Decker, Inc. is incorporated in Connecticut.
Filing Stats: 820 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2024-07-26 08:39:28
Key Financial Figures
- $2.50 — ge on which registered Common Stock - $2.50 Par Value per Share SWK New York St
- $54,166.62 — ary payments for 12 months at a rate of $54,166.62 per month; (ii) a lump sum payment of $
- $400,000 — 2 per month; (ii) a lump sum payment of $400,000; (iii) continued basic life and basic a
Filing Documents
- d809604d8k.htm (8-K) — 29KB
- d809604dex101.htm (EX-10.1) — 55KB
- d809604dex991.htm (EX-99.1) — 8KB
- g809604dsp19.jpg (GRAPHIC) — 6KB
- g809604dsp19a.jpg (GRAPHIC) — 2KB
- g809604g91c99.jpg (GRAPHIC) — 5KB
- 0001193125-24-185484.txt ( ) — 254KB
- swk-20240725.xsd (EX-101.SCH) — 3KB
- swk-20240725_lab.xml (EX-101.LAB) — 17KB
- swk-20240725_pre.xml (EX-101.PRE) — 11KB
- d809604d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Agreement and General Release, dated July 25, 2024, by and between Stanley Black & Decker, Inc. and John T. Lucas. 99.1 Press Release dated July 26, 2024, issued by Stanley Black & Decker, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: July 26, 2024 By: /s/ Janet M. Link Name: Janet M. Link Title: Senior Vice President, General Counsel and Secretary