Defendant Name: Stanley Black & Decker, Inc.

Defendant Type: Public Company
SIC Code: 3429
CUSIP: 85450210

Initial Case Details

Legal Case Name In the Matter of Stanley Black & Decker, Inc.
First Document Date 20-Jun-2023
Initial Filing Format Administrative Action
File Number 3-21497
Allegation Type Issuer Reporting and Disclosure
AAER 4422

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 14(a)
• Rule 14a-3

Resolutions

First Resolution Date 20-Jun-2023

Related Documents:

34-97761 20-Jun-2023 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On June 20, 2023, the SEC instituted settled cease-and-desist proceedings against Stanley Black & Decker, Inc., stating: "This matter arises from Stanley Black & Decker, Inc.'s failure to disclose in its definitive proxy statements at least $1.3 million worth of perquisites and personal benefits paid to, or on behalf of, four of its named executive officers and one of its directors from 2017 through 2020. The perquisites predominantly consisted of expenses associated with the executives' use of corporate aircraft. In connection with this conduct, SBD violated Sections 13(a) and 14(a) of the Exchange Act and Rules 12b-20, 13a-1, and 14a-3 thereunder."
2023-111 20-Jun-2023 Press Release--Administrative Proceeding
SEC Charges Stanley Black & Decker and Former Executive for Failures in Executive Perks Disclosure
On June 20. 2023, the SEC "announced settled charges against Stanley Black & Decker Inc., a publicly traded tools company, for failing to disclose perquisites it provided to certain executives. . . . According to the SEC’s order against Stanley Black & Decker, the company failed to disclose at least $1.3 million worth of perquisites and personal benefits paid to, or on behalf of, four of its executive officers and one of its directors from 2017 through 2020. The perquisites predominantly consisted of expenses associated with the executives’ use of corporate aircraft."

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