secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001193125-22-164538
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker names Donald Allan Jr. as CEO effective July 1, 2022; reaffirms FY2022 outlook
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- Donald Allan Jr., currently President and CFO, appointed CEO effective July 1, 2022, succeeding James Loree.
- Corbin Walburger named Interim CFO; Heidrick & Struggles searching for permanent CFO.
- Allan receives base salary of $1.25M, promotion LTI grant of $3.6M, and FY2022 target LTI of $6.75M.
- Company reaffirms FY2022 GAAP EPS guidance of $7.20-$8.30; adjusted EPS $9.50-$10.50; FCF $1.0-$1.5B.
- Plan to rebalance $200-$250M of annualized investments to fund growth and supply chain productivity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312522164538/0001193125-22-164538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312522164538/d265741d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-164538

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer