Stanley Black & Decker Reports Officer/Director Changes, Comp Arrangements

TL;DR

**Stanley Black & Decker just filed an 8-K about executive changes and pay, keep an eye out for details.**

AI Summary

Stanley Black & Decker, Inc. filed an 8-K on January 25, 2024, reporting an event that occurred on January 24, 2024. This filing, under Items 5.02 and 9.01, indicates changes related to the departure or election of directors/officers and their compensatory arrangements, along with the inclusion of financial statements and exhibits. While the specific details of the personnel changes or compensation are not provided in this summary, investors should know that such changes can signal shifts in company strategy or performance, potentially impacting future stock value.

Why It Matters

Changes in leadership and executive compensation can signal strategic shifts or performance issues, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership and compensation, which can introduce uncertainty regarding future company strategy and performance, warranting a medium risk level.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements, as these will provide clarity on potential strategic shifts and their impact on the company's future.

Key Numbers

• $2.50 — Par Value per Share (for Common Stock of Stanley Black & Decker, Inc.)

Key Players & Entities

• STANLEY BLACK & DECKER, INC. (company) — the registrant filing the 8-K
• January 24, 2024 (date) — date of the earliest event reported
• January 25, 2024 (date) — date the 8-K was filed
• 001-05224 (dollar_amount) — Commission File Number
• SWK (company) — trading symbol for Common Stock

Forward-Looking Statements

• Stanley Black & Decker will release further details regarding the specific executive changes and compensation arrangements. (Stanley Black & Decker, Inc.) — high confidence, target: Q1 2024

FAQ

From the Filing

0001193125-24-014513.txt : 20240125 0001193125-24-014513.hdr.sgml : 20240125 20240124204203 ACCESSION NUMBER: 0001193125-24-014513 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240124 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANLEY BLACK & DECKER, INC. CENTRAL INDEX KEY: 0000093556 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 060548860 STATE OF INCORPORATION: CT FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05224 FILM NUMBER: 24558350 BUSINESS ADDRESS: STREET 1: 1000 STANLEY DR STREET 2: P O BOX 7000 CITY: NEW BRITAIN STATE: CT ZIP: 06053 BUSINESS PHONE: 8602255111 MAIL ADDRESS: STREET 1: 1000 STANLEY DR CITY: NEW BRITAIN STATE: CT ZIP: 06053 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY WORKS DATE OF NAME CHANGE: 19920703 8-K 1 d750890d8k.htm 8-K 8-K false 0000093556 0000093556 2024-01-24 2024-01-24       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): January 24, 2024     Stanley Black & Decker, Inc. (Exact Name of Registrant as Specified in its Charter)   Connecticut   001-05224   06-0548860 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   1000 Stanley Drive   New Britain , Connecticut   06053 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (860) 225-5111 Not Applicable (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 (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock - $2.50 Par Value per Share   SWK   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐     Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 24, 2024, Stanley Black & Decker, Inc. (the “Company”) and Donald Allan, Jr., the Company’s President and Chief Executive Officer, entered into an amendment (the “Amendment”) to Mr