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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 23, 2020

 

Stanley Black & Decker, Inc.

(Exact name of registrant as specified in Charter)

 

Connecticut

 

1-5224

 

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:

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

Corporate Units

 

SWP

 

New York Stock Exchange

Corporate Units

 

SWT

 

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 23, 2020, Stanley Black & Decker, Inc. (the “Company”) entered into a letter agreement (the “Agreement”) with Jeffrey Ansell.

Under the terms of the Agreement, Mr. Ansell will continue in his role as Executive Vice President and President, Global Tools and Storage through June 30, 2020. On July 1, 2020, Mr. Ansell will transition to the role of Executive Vice President, Stanley Black & Decker and, in that role, will oversee a major organic growth program until December 31, 2021.    Thereafter, Mr. Ansell will serve as a strategic advisor to the Company through year-end 2023.

The foregoing description of the Agreement is a summary, does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit

Number

   

Description

         
 

10.1

   

Letter Agreement, by and between Jeffrey P. Ansell and Black & Decker, Inc., dated as of January 23, 2020.

         
 

104

   

Cover Page Interactive Data File (formatted as inline XBRL)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

STANLEY BLACK & DECKER, INC.

    (Registrant)

             

Date: January 29, 2020

 

 

By:

 

/s/ Janet M. Link

 

 

Name:

 

Janet M. Link

 

 

Title:

 

Senior Vice President, General Counsel and Secretary