---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-014513"
form_type: "8-K"
ticker: "SWK"
cik: "0000093556"
company_name: "STANLEY BLACK & DECKER, INC."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:55:45.734602+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Stanley Black & Decker extends CEO Donald Allan's term to June 2026, raises base to $1.35M

## Summary
- CEO Donald Allan's employment term extended to June 30, 2026; base salary increased to $1,350,000 effective Jan 1, 2024.
- Target bonus opportunity raised to 155% of base salary for 2024; long-term incentive target at least $10M in each of fiscal 2024 and 2025.
- Severance multiplier revised: 2x (salary + target bonus) for termination before June 30, 2025; 1x thereafter.
- Equity awards will be at least 50% performance share units, balance in stock options/RSUs as determined by board.
- Supplemental Executive Retirement Plan participation removed from agreement.

## SEC filing metadata
- accession: 0001193125-24-014513
- form_type: 8-K
- ticker: SWK
- cik: 0000093556
- company_name: STANLEY BLACK & DECKER, INC.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93556/000119312524014513/0001193125-24-014513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93556/000119312524014513/d750890d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-014513
- JSON: https://secwatch.observer/filing/0001193125-24-014513.json
- Plain text: https://secwatch.observer/filing/0001193125-24-014513.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.