<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 21, 1994
The Stanley Works
(Exact name of registrant as specified in charter)
Connecticut 1-5224 06-058860
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1000 Stanley Drive, New Britain, Connecticut 06053
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(203) 225-5111
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
1. On June 21, 1994, the Registrant issued a press
release.
Attached as Exhibit (21)(i) is a copy of the
Registrant's press release. This Exhibit is incorporated herein
by reference.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(21)(i) Press release dated June 21, 1994
announcing the sale of Company-owned
Taylor Rental Stores.
<PAGE>
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized
THE STANLEY WORKS
By: Stephen S. Weddle
Name: Stephen S. Weddle
Title: Vice President, General
Counsel and Secretary
Date: June 23, 1994
<PAGE>
Exhibit (21)(i)
FOR IMMEDIATE RELEASE June 21, 1994
STANLEY COMPLETES SALE OF COMPANY-OWNED TAYLOR RENTAL STORES
New Britain, Connecticut...The Stanley Works announced today that
it has completed the sale of its Taylor Rental Corporation
company-owned stores to General Rental L.P. headquartered in Chicago,
Illinois. Terms of the sale were not disclosed.
In June of 1993, Stanley announced the sale of its 228 Taylor
Rental Center franchise locations to SERVISTAR Corporation of Butler,
PA. At the same time, the company stated that it was also planning to
offer the 65 company-owned stores for sale.
According to Robert Bobb, General Partner of General Rental L.P.,
the stores will continue to do business as Taylor Rental Centers,
under a license agreement from SERVISTAR.
R. Alan Hunter, President and Chief Operating Officer of The
Stanley Works commented, "We are very pleased to complete this
transaction. It concludes the second phase of our plan to sell both
business units of Taylor Rental. I am confident that the hard work of the
dedicated group of store managers and employees will continue to serve
these Taylor Rental Centers well under the new ownership."
Mr. Hunter continued, "Stanley's corporate focus is to capitalize
on our strengths as a world-class manufacturer and marketer of
tools, hardware and specialty hardware for home improvement, consumer,
industrial and professional use. We are concentrating our
efforts on continued growth for these product categories and customers
through our initiatives in existing worldwide markets and by stretching
our geographic reach into the emerging, high-potential markets of
Asia and Eastern Europe."
##############
CONTACT: Patricia McLean
Manager, Corporate Communications
(203) 827-3833
