Stanley Black & Decker

On May 2, 2023, Stanley Black & Decker, Inc. (the “Company”) announced the appointment by the Board of Directors of Christopher J. Nelson, 53, as the Company’s Chief Operating Officer, Executive Vice President and President Tools & Outdoor, to be effective on or about June 14, 2023 (the “Effective Date”). On the Effective Date, Mr. Nelson will succeed Robert H. Raff, the Company’s current Interim Co-President & Chief Commercial Officer, Tools & Outdoor, who will continue to serve as Chief Commercial Officer, Tools & Outdoor, and John H. Wyatt, the Company’s current Co-President & Senior Vice President, Tools & Outdoor, who will become Senior Vice President, Strategy and Integration, following the Effective Date. Mr.

On February 7, 2023, Carlos M. Cardoso, and on February 8, 2023, Robert B. Coutts, informed the board of directors (the “Board”) of Stanley Black & Decker, Inc. (the “Company”) of their respective decisions not to stand for re-election as directors of the Company at the Company’s 2023 annual meeting of shareholders (the “2023 Annual Meeting”). Messrs. Cardoso and Coutts will continue to serve on the Board until the time of the 2023 Annual Meeting. The decision of Messrs. Cardoso and Coutts to retire from the Board did not involve any disagreements with the Company regarding any matter related to its operations, policies or practices. The Board intends to reduce the size of the Board to ten members following the retirement of Messrs. Cardoso and Coutts.

On January 23, 2023, Stanley Black & Decker, Inc. (the “Company”) announced the appointment by the Board of Directors of Patrick D. Hallinan, 55, as the Company’s Executive Vice President, Chief Financial Officer, to be effective on or about April 6, 2023 (the “Effective Date”). On the Effective Date, Mr. Hallinan will succeed Corbin B. Walburger, the Company’s current Interim Chief Financial Officer, who shall continue in his role as the Company’s Vice President of Business Development following the Effective Date. Mr. Hallinan most recently served as Executive Vice President and Chief Financial Officer of Fortune Brands Innovations, Inc. (formerly Fortune Brands Home & Security, Inc.) (NYSE: FBIN) (“Fortune Brands”), a manufacturer of home and security products, since July 2017.

On September 13, 2022, Jocelyn S. Belisle announced that she will retire as Chief Accounting Officer of Stanley Black & Decker, Inc. (the “Company”), effective September 30, 2022. The Board of Directors of the Company expects to appoint Scot Greulach as Chief Accounting Officer of the Company, effective October 1, 2022. Mr. Greulach, age 40, has served as Business Unit Controller for Stanley Industrial since May 2021. Mr. Greulach previously served in various other roles at the Company since November 2012, including Director – External Reporting from July 2014 to December 2020, Director – Statutory Reporting and Tax Compliance from March 2017 to April 2021, and Director – Corporate and Technical Accounting from August 2018 to April 2021. The selection of Mr.

On August 3, 2022, the Board of Directors (the “Board”) of Stanley Black & Decker, Inc. (the “Company”) elected Robert Manning as a director of the Company. Mr. Manning will serve as a member of the Board’s Corporate Governance Committee and Compensation and Talent Development Committee. Mr. Manning will participate in the compensation program for non-employee directors as described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 9, 2022. A copy of the Company’s press release announcing the election of Mr. Manning to the Board is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On July 6, 2022, Jamie Ramirez, Executive Vice President and President, Tools & Storage, notified Stanley Black & Decker, Inc. (the “Company”) of his intention to step down from his role to pursue opportunities outside of the Company, effective July 22, 2022.

On May 31, 2022, the Board of Directors of Stanley Black & Decker, Inc. (the “Company”) appointed Donald Allan, Jr., 58, currently President and Chief Financial Officer, its next Chief Executive Officer, effective July 1, 2022. He will succeed James M. Loree, who has served as Chief Executive Officer since 2016. Mr. Loree also will resign from the Board of Directors of the Company, effective July 1, 2022. Upon assuming his new role, Mr. Allan will join the Board of Directors and retain his title as President. On May 31, 2022, the Board also appointed Corbin Walburger, 51, currently Vice President of Corporate Business Development, to serve as Interim Chief Financial Officer, effective July 1, 2022. The Company has engaged Heidrick & Struggles to assist with the search for a permanent Chief Financial Officer. Mr.

On April 22, 2022, Stanley Black & Decker, Inc. (the “Company”) held its Annual Meeting of Shareholders. The shareholders approved the adoption of the 2022 Omnibus Award Plan (the “ 2022 Plan ”). The 2022 Plan was previously adopted by the Board of Directors of the Company (the “ Board ”) on February 16, 2022. The 2022 Plan authorizes the Board (or a committee thereof) to award equity-based compensation in the form of (i) stock options, including incentive stock options, (ii) stock appreciation rights, (iii) restricted stock and restricted stock units, (iv) performance awards, (v) dividend equivalents, and (vi) other awards valued in whole or in part by reference to or otherwise based on the Company’s common stock.

On February 18, 2022, Stanley Black & Decker, Inc. (the “Company”) announced that George W. Buckley, the Independent Chair of the Board of Directors (the “Board”), will retire from the Board effective at the Annual Meeting, which is expected to be on April 22, 2022, in accordance with the Company’s Corporate Governance Guidelines, which state that the retirement of a Director should normally occur at the end of the term in which he or she becomes 75 years of age, unless otherwise authorized by the Board. Mr. Buckley’s resignation was not the result of any disagreement with the Company. The Board has elected Andrea J. Ayers, a current director, to begin serving as Independent Chair of the Board upon Mr. Buckley’s retirement. On February 16, 2022, the Board elected Adrian V. Mitchell as a director of the Company. Mr.

Jeffery D. Ansell, who had transitioned from his position as Executive Vice President to the role of strategic advisor to the Company as of January 1, 2022, has exited the Company, effective February 4, 2022. Pursuant to an “Agreement and General Release” (“Separation Agreement”) between the Company and Mr. Ansell, his unvested Company stock options and other stock awards terminated upon his exit from the Company, and the Company agreed that he may exercise any stock options, and retain any restricted stock units, that vested before his exit. Mr. Ansell provided a general release to the Company and agreed to comply with the terms of his April 2012 Employee Restrictive Covenant Agreement, as modified by his employment and separation agreements.

(b) On December 29, 2021, Dmitri L. Stockton notified Stanley Black & Decker, Inc. and its Board of Directors (the “Board”) of his decision to resign from the Board effective December 31, 2021 to ensure there are no interlocking directorates under Section 8 of the Clayton Antitrust Act of 1914 (the “Clayton Act”). The Board has reduced the size of the Board to eleven members effective December 31, 2021. In addition to having served on the Board of Stanley Black & Decker, Mr. Stockton serves on the Board of Directors of Deere & Company (“Deere”). It was determined that following Stanley Black & Decker’s recent acquisition of MTD Holdings Inc., Mr. Stockton could not continue to serve on the boards of both Stanley Black & Decker and Deere without implicating Section 8 of the Clayton Act. Mr.

On February 23, 2021, Stanley Black & Decker, Inc. (the “Company”) announced that Donald Allan, Jr. had assumed the title of President and Chief Financial Officer. Prior to this new role, Mr. Allan had served as the Company’s Executive Vice President and Chief Financial Officer since October 2016. In connection with this new role, Mr. Allan will receive an increase of approximately $500,000 in annual equity awards, in addition to a customary merit increase in his total target cash compensation. James M. Loree will continue to serve as the Company’s Chief Executive Officer. A copy of the press release containing the announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The Board of Directors (the “Board”) of Stanley Black & Decker, Inc. (the “Company”) elected Jane Palmieri and Mojdeh Poul directors of the Company, effective February 18, 2021. Ms. Palmieri will serve as a member of the Board’s Corporate Governance Committee and Finance & Pension Committee and Ms. Poul will serve as a member of the Board’s Audit Committee and Corporate Governance Committee. Ms. Palmieri and Ms. Poul will participate in the compensation program for non-employee directors as described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 4, 2020. 2

The Board of Directors (the “Board”) of Stanley Black & Decker, Inc. (the “Company”) elected Irving Tan as a director of the Company, effective February 20, 2020. Mr. Tan will serve as a member of the Board’s Audit Committee and Corporate Governance Committee. Mr. Tan will participate in the compensation program for non-employee directors as described under the heading “Director Compensation” in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 6, 2019. On February 17, 2020, James H. Scholefield notified the Company that he will not stand for re-election at the Company’s 2020 Annual Meeting of Shareholders, which is expected to be held on April 17, 2020. Mr. Scholefield’s decision not to stand for re-election was not a result of a disagreement with the Company.

On January 23, 2020, Stanley Black & Decker, Inc. (the “Company”) entered into a letter agreement (the “Agreement”) with Jeffrey Ansell. Under the terms of the Agreement, Mr. Ansell will continue in his role as Executive Vice President and President, Global Tools and Storage through June 30, 2020. On July 1, 2020, Mr. Ansell will transition to the role of Executive Vice President, Stanley Black & Decker and, in that role, will oversee a major organic growth program until December 31, 2021. Thereafter, Mr. Ansell will serve as a strategic advisor to the Company through year-end 2023. The foregoing description of the Agreement is a summary, does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Director or officer change (Item 5.02). Open the filing for details.

On July 17, 2018, the Board of Directors changed the size of the Board to twelve and elected Dmitri L. Stockton , former Chairman, President and CEO of GE Asset Management, to the Board. Mr. Stockton has been appointed to the Audit and Corporate Governance Committees. In connection with his appointment as a director, Mr. Stockton will be compensated in the manner described in the Company’s March 9, 2018 Proxy Statement under the heading Director Compensation , which description is incorporated herein by reference.

Jaime A. Ramirez, SVP and President, Global Emerging Markets ("GEM"), has been asked to take on additional responsibilities for the Company and, in that connection, to relocate from Florida to California. On February 27, 2018, the Compensation and Talent Development Committee approved a $32,000 increase in Mr. Ramirez’s base salary and a $450,000 annual allowance to partially defray the additional cost of living resulting from Mr. Ramirez’s relocation. Top of the Form

As previously reported, Mr. James H. Scholefield joined the Board of Directors on October 18, 2017. On December 7, 2017, Mr. Scholefield was appointed to the Audit and Corporate Governance Committees. Top of the Form

On October 18, 2017, the Board of Directors elected a new member, Mr. James H. Scholefield, Executive Vice President and Global Chief Information Officer of NIKE, Inc. The Board has not yet determined the committee(s) to which Mr. Scholefield will be named. In connection with his appointment as a director, Mr. Scholefield will participate in the Company’s Restricted Stock Unit Plan for Non-Employee Directors. A description of that Plan can be found in the Company’s Proxy Statement filed March 8, 2017, and is incorporated herein by reference.

Appointment of Chief Executive Officer On July 21, 2016, the Board of Directors (“ Board ”) of Stanley Black & Decker, Inc. (the “ Company ”) appointed James M. Loree, 58, to serve as Chief Executive Officer of the Company, effective as of August 1, 2016. Mr. Loree has served as the Company’s President and Chief Operating Officer since January 13, 2013. Prior to that time, Mr. Loree served as Executive Vice President and Chief Operating Officer from January 1, 2009 to January 12, 2013, and Executive Vice President Finance and Chief Financial Officer from July 19, 1999 to December 31, 2008. Mr. Loree is a member of the Board of Directors of Hartford Hospital, Inc. and the Jim and Rebecca Loree Foundation, Inc. Mr. Loree is also a trustee of Union College and Manufacturers Alliance for Productivity and Innovation. Letter Agreement.