secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001193125-22-282041
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker remarks $750M Series D Convertible Preferred; intends to add dividend and redeem Dec 22
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- Remarketing of $750M Series D Convertible Preferred Stock (liquidation preference $1,000/share) initiated.
- If remarketing succeeds, dividend rate will rise from 0%; Dec 22, 2022 remains earliest redemption date.
- Proceeds will fund Corporate Unit holders' obligation to buy $750M of common stock on Nov 15, 2022.
- Post-remarketing, holders gain optional conversion right into cash, stock, or combination (previously only on fundamental change).
- Current conversion rate: 5.2263 shares of common per preferred share (conversion price ~$191.34).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312522282041/0001193125-22-282041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312522282041/d421138d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-282041

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