0000093556-95-000013.txt : 19950920 0000093556-95-000013.hdr.sgml : 19950920 ACCESSION NUMBER: 0000093556-95-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19950919 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950919 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANLEY WORKS CENTRAL INDEX KEY: 0000093556 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 060548860 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-52002 FILM NUMBER: 95574688 BUSINESS ADDRESS: STREET 1: 1000 STANLEY DR STREET 2: P O BOX 7000 CITY: NEW BRITAIN STATE: CT ZIP: 06053 BUSINESS PHONE: 2032255111 8-K 1 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): Sept. 18, 1995 The Stanley Works (Exact name of registrant as specified in charter) Connecticut 1-5224 06-058860 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1000 Stanley Drive, New Britain, Connecticut 06053 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:(203) 225-5111 Not Applicable (Former name or former address, if changed since last report) Page 1 of 5 pages Exhibit Index is located on Page 4 Item 5. Other Events. 1. On September 18, 1995, the Registrant issued a press release. Attached as Exhibit (20)(i) is a copy of the Registrant's press release. This Exhibit is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) (20)(i) Election, effective September 18, 1995, of Paul W. Russo as Vice President Strategy and Development. Page 2 of 5 SIGNATURE 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, thereunto duly authorized THE STANLEY WORKS Date: September 19, 1995 By: Stephen S. Weddle Name: Stephen S. Weddle Title: Vice President, General Counsel and Secretary Page 3 of 5 EXHIBIT INDEX Current Report on Form 8-K Dated September 18, 1995 Exhibit No. Page (20)(i) 5 Page 4 of 5 FOR IMMEDIATE RELEASE September 18, 1995 STANLEY ANNOUNCES ELECTION OF NEW OFFICER New Britain, Connecticut (NYSE:SWK)...Richard H. Ayers, Chairman and Chief Executive Officer of The Stanley Works today announced that the company's Board of Directors has elected Paul W. Russo to the newly created position of Vice President, Strategy and Development. Mr. Russo's election is effective September 18, 1995. Mr. Ayers commented, "This is a new position at Stanley, created to help guide our planning and acquisition activities and our efforts to refocus priorities. Paul Russo has an impressive work and educational background that is perfectly suited to our needs. "He is a graduate of the University of California at Berkeley and Harvard School of Business Administration. He is also a Certified Public Accountant. His range of work experience includes leadership roles in corporate restructuring, a strong background in acquisition strategies and a thorough understanding of strategic business planning. He is extremely well-suited to help Stanley achieve our goals of growing profitably to $4 billion in sales by 1999." Before coming to Stanley, Mr. Russo had been Co-Chairman and Co- Chief Executive Officer of SV Corp., an international manufacturer of industrial valves headquartered in Massachusetts. SV Corp. was purchased in 1991 by Cornerstone Partners Limited, a company which Mr. Russo co-founded in 1988. Prior to 1988, Paul had been a partner at Bain & Company management consultants. At Bain, he developed and managed marketing, manufacturing and portfolio strategies which generated growth and improved profits for clients such as Burlington Industries, Dun & Bradstreet and Hershey Foods. Mr. Russo, his wife Deborah, and their two children Christina and Alexander, will be relocating to Connecticut from Newton, Massachusetts in the near future. The Stanley Works is a worldwide producer of tools, hardware and specialty hardware for home improvement, consumer, industrial and professional use. ########## CONTACT: Patricia McLean Manager, Corporate Communications (203) 827-3833 Page 5 of 5