Defendant Name:
Stanley Black & Decker, Inc.
Defendant Type:
Public Company
SIC Code:
3429
CUSIP:
85450210
Document Reference:
34-97761
Document Details
Legal Case Name
In the Matter of Stanley Black & Decker, Inc.
Document Name
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
Document Date
20-Jun-2023
Document Format
Administrative Proceeding
AAER
4422
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC