Stanley Black & Decker: SVP John Wyatt to transition to Senior Advisor in 2024

STANLEY BLACK & DECKER, INC.

John Wyatt's SVP role eliminated Dec 31, 2023; becomes Senior Advisor Jan 1-Dec 31, 2024.
Monthly salary of $56,875 as Senior Advisor; medical, dental, vision coverage continued with employee premium share.
No severance; no new MICP or LTIP grants after Dec 31, 2023; prior equity awards vest per terms.
Reimbursement for relocation to UK if completed by Jan 31, 2025 under company policy.

item 5.02 item 9.01

Executive movements

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Role change

John Wyatt

Senior Advisor

SWK · STANLEY BLACK & DECKER, INC.

Effective: 2024-01-01
Filed: October 12, 2023, 7:59 PM ET

Under the Agreement, Mr. Wyatt will continue in his current role through December 31, 2023, and effective January 1, 2024, the Company will eliminate Mr. Wyatt’s current position, and Mr. Wyatt will assume a new position as Senior Advisor for a one-year term ending December 31, 2024, unless Mr. Wyatt is terminated earlier or voluntarily resigns as set forth in the Agreement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Wyatt changed role as Senior Advisor at STANLEY BLACK & DECKER, INC..

Action: assumed
Role: Senior Advisor

Exact text from the filing

Under the Agreement, Mr. Wyatt will continue in his current role through December 31, 2023, and effective January 1, 2024, the Company will eliminate Mr. Wyatt’s current position, and Mr. Wyatt will assume a new position as Senior Advisor for a one-year term ending December 31, 2024, unless Mr. Wyatt is terminated earlier or voluntarily resigns as set forth in the Agreement.

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STANLEY BLACK & DECKER, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-255085

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