STANLEY BLACK & DECKER, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
February 04, 2022 at 05:04 pm EST
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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)
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
STANLEY BLACK & DECKER, INC. 
