false 0000093556 0000093556 2022-02-04 2022-02-04 0000093556 swk:CommonStockSWKMember 2022-02-04 2022-02-04 0000093556 us-gaap:CapitalUnitsMember 2022-02-04 2022-02-04

 

 

 

LOGO

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): February 4, 2022

 

 

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)
  (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
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.

Jeffery D. Ansell, who had transitioned from his position as Executive Vice President to the role of strategic advisor to the Company as of January 1, 2022, has exited the Company, effective February 4, 2022. Pursuant to an “Agreement and General Release” (“Separation Agreement”) between the Company and Mr. Ansell, his unvested Company stock options and other stock awards terminated upon his exit from the Company, and the Company agreed that he may exercise any stock options, and retain any restricted stock units, that vested before his exit. Mr. Ansell provided a general release to the Company and agreed to comply with the terms of his April 2012 Employee Restrictive Covenant Agreement, as modified by his employment and separation agreements. For further information regarding the Separation Agreement, please refer to the full text of the agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits:

 

Exhibit

Number

  

Description

10.1    Agreement and General Release, by and between Jeffery D. Ansell and Stanley Black & Decker, Inc., dated as of February 4, 2022.
104    Cover Page Interactive Data File (formatted as inline XBRL)


SIGNATURES

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 hereunto duly authorized.

 

Stanley Black & Decker, Inc.
By:  

/s/ Janet M. Link

  Name: Janet M. Link
  Title:   Senior Vice President, General Counsel and Secretary

Dated: February 4, 2022