secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001193125-22-287659
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stanley Black & Decker amends Series D Preferred terms, elects Dec 22 redemption
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- Certificate of Amendment effective Nov 15, 2022; convertible preferred now pays cumulative dividends: 7.5% until Dec 22, then 9% annually.
- Conversion rate unchanged at 5.2263 shares of common per preferred share (conversion price ~$191.34).
- Company irrevocably elects to redeem all outstanding shares for cash on Dec 22, 2022.
- Preferred stock redesignated from '0% Series D' to 'Series D Cumulative Perpetual Convertible Preferred Stock'.
- Holders gain optional conversion rights; redemption price remains 100% of liquidation preference plus unpaid dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312522287659/0001193125-22-287659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312522287659/d392845d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-287659

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