secwatch.observer — SEC 8-K summary
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Issuer:     STANLEY BLACK & DECKER, INC. (SWK)
CIK:        0000093556
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-014513
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93556/000119312524014513/0001193125-24-014513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93556/000119312524014513/d750890d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-014513

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