Stanley Black & Decker Files 8-K with Material Agreements

Ticker: SWK · Form: 8-K · Filed: 2024-07-01T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation, definitive-agreement

TL;DR

SBD filed an 8-K on 6/28, entered/terminated material agreements, and has new financial obligations.

AI Summary

On June 28, 2024, Stanley Black & Decker, Inc. entered into a material definitive agreement and terminated another. The company also created a direct financial obligation. Specific details regarding the agreements and obligations were not provided in this filing.

Why It Matters

This filing indicates significant changes in Stanley Black & Decker's contractual and financial obligations, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing mentions material definitive agreements and new financial obligations, which inherently carry risk and require further investigation into their specifics.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Stanley Black & Decker, Inc. on June 28, 2024?

The filing states that a material definitive agreement was entered into on June 28, 2024, but does not provide specific details about its terms or parties involved.

What specific agreement was terminated by Stanley Black & Decker, Inc. on June 28, 2024?

The filing indicates the termination of a material definitive agreement on June 28, 2024, but does not specify which agreement was terminated.

What is the direct financial obligation created by Stanley Black & Decker, Inc. as reported in the June 28, 2024 filing?

The filing confirms the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics of this obligation are not detailed.

What is the significance of the 'Item Information' listed in this 8-K filing?

The 'Item Information' indicates that the filing pertains to the 'Entry into a Material Definitive Agreement', 'Termination of a Material Definitive Agreement', and 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement'.

Where is Stanley Black & Decker, Inc. incorporated and what is its fiscal year end?

Stanley Black & Decker, Inc. is incorporated in Connecticut and its fiscal year ends on December 28.

From the Filing

0001193125-24-173396.txt : 20240701 0001193125-24-173396.hdr.sgml : 20240701 20240701165333 ACCESSION NUMBER: 0001193125-24-173396 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240628 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240701 DATE AS OF CHANGE: 20240701 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: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05224 FILM NUMBER: 241091462 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 d832623d8k.htm 8-K 8-K false 0000093556 0000093556 2024-06-28 2024-06-28       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): June 28, 2024     Stanley Black & Decker, Inc. (Exact name of registrant as specified in its charter)       Connecticut   1-5224   06-0548860 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS 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:   ☐ 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 Symbols   Name of 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 1.01 Entry into a Material Definitive Agreement. 364-Day Credit Agreement On June 28, 2024, Stanley Black & Decker, Inc., a Connecticut corporation (the “ Company ”), entered into a 364-Day Credit Agreement (the “ 364-Day Credit Agreement ”) with each of the initial lenders named therein, Citi

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