U.S. SEC Said It Charges Stanley Black & Decker And Former Executive For Failures In Executive Perks Disclosure; Said Stanley Black & Decker's Self-reporting And Additional Cooperation Result In Partial Declination Of Charges And No Civil Penalty
Portfolio Pulse from Charles Gross
The U.S. SEC has charged Stanley Black & Decker and a former executive for failures in executive perks disclosure. Stanley Black & Decker's self-reporting and additional cooperation resulted in partial declination of charges and no civil penalty.

June 20, 2023 | 8:28 pm
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Stanley Black & Decker has been charged by the SEC for failures in executive perks disclosure, but due to self-reporting and cooperation, the company faces partial declination of charges and no civil penalty.
The SEC's charges against Stanley Black & Decker (SWK) for failures in executive perks disclosure are negative news for the company. However, the company's self-reporting and cooperation have led to partial declination of charges and no civil penalty, which may mitigate the negative impact on the stock price. The news is directly related to SWK and is of moderate importance for investors, as it involves regulatory issues but does not result in a significant financial penalty.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100