Stanley Black & Decker Elects New Directors, Updates CFO Agreement
Ticker: SWK · Form: 8-K · Filed: Nov 6, 2024 · CIK: 93556
| Field | Detail |
|---|---|
| Company | Stanley Black & Decker, Inc. (SWK) |
| Form Type | 8-K |
| Filed Date | Nov 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: SWK
TL;DR
SBD adds two directors and updates CFO Allan's contract.
AI Summary
Stanley Black & Decker, Inc. announced on November 3, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. D. Sweeney and Steven J. Smith, to its Board, effective November 3, 2024. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Donald Allan Jr., effective November 3, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation updates, which are common and typically do not indicate significant immediate risk.
Key Players & Entities
- Stanley Black & Decker, Inc. (company) — Registrant
- Michael J. D. Sweeney (person) — Newly elected director
- Steven J. Smith (person) — Newly elected director
- Donald Allan Jr. (person) — Chief Financial Officer
- November 3, 2024 (date) — Effective date of board changes and CFO agreement
FAQ
Who were the newly elected directors for Stanley Black & Decker?
Michael J. D. Sweeney and Steven J. Smith were elected as new directors.
When were the new directors elected?
The new directors were elected effective November 3, 2024.
What is the role of Donald Allan Jr. at Stanley Black & Decker?
Donald Allan Jr. is the Chief Financial Officer of Stanley Black & Decker.
What significant event occurred regarding the CFO on November 3, 2024?
Stanley Black & Decker entered into a new employment agreement with its Chief Financial Officer, Donald Allan Jr., effective November 3, 2024.
What is the principal executive office address for Stanley Black & Decker?
The address is 1000 Stanley Drive, New Britain, Connecticut 06053.
Filing Stats: 518 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-11-06 16:38:04
Key Financial Figures
- $2.50 — ge on which registered Common Stock - $2.50 Par Value per Share SWK New York St
Filing Documents
- d860921d8k.htm (8-K) — 24KB
- g860921g1106090350658.jpg (GRAPHIC) — 4KB
- 0001193125-24-252092.txt ( ) — 150KB
- swk-20241103.xsd (EX-101.SCH) — 3KB
- swk-20241103_lab.xml (EX-101.LAB) — 17KB
- swk-20241103_pre.xml (EX-101.PRE) — 11KB
- d860921d8k_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: November 6, 2024 By: /s/ Janet M. Link Name: Janet M. Link Title: Senior Vice President, General Counsel and Secretary