SEC Charges Stanley Black & Decker Over Perks Disclosure

SEC announces settled charges against Stanley Black & Decker for failing to disclose perquisites it provided to certain executives.

• Former executive Jeffery Ansell agreed to settle charges that he caused the company to violate proxy solicitation and books and records provisions of federal securities laws
• SEC says 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
• Company’s self-reporting and additional cooperation result in partial declination of charges and no civil penalty, SEC says
• Ansell ...