Stanley Black & Decker Appoints New Operations SVP

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

From the Filing

0001193125-24-185484.txt : 20240726 0001193125-24-185484.hdr.sgml : 20240726 20240726083928 ACCESSION NUMBER: 0001193125-24-185484 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240725 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 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: 241143654 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 d809604d8k.htm 8-K 8-K false 0000093556 0000093556 2024-07-25 2024-07-25       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): July 25, 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 July 25, 2024, the Board of Directors (the “Board”) of Stanley Black & Decker, Inc. (the “Company”) approved