Defendant Name:
Stanley Black & Decker, Inc.
Defendant Type:
Public Company
Document Reference:
2023-111
Document Details
Legal Case Name
In the Matter of Stanley Black & Decker, Inc.
Document Name
SEC Charges Stanley Black & Decker and Former Executive for Failures in Executive Perks Disclosure
Document Date
20-Jun-2023
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
