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): May 31, 1995
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 1 of 9 pages
Exhibit Index is located on Page 4
Item 5. Other Events.
1. On May 31, 1995, the Registrant issued press releases.
On June 1, 1995, the Registrant issued an organization announcement.
Attached as Exhibit (20)(i),(20)(ii) and (20)(iii) are copies of the
Registrant's press releases and organization announcement. These
Exhibits are incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) (20)(i) Press release dated May 31, 1995
reporting on Stanley's second quarter dividend.
(20)(ii) Press release dated May 31, 1995 announcing the election of
Mannie L. Jackson to the Board of The Stanley Works.
(20)(iii) Organization announcement dated June 1, 1995 announcing
the appointment of Thomas E. Mahoney as Vice President Marketing Development.
Page 2 of 9<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
Date: June 6, 1995 By: Stephen S. Weddle
Name: Stephen S. Weddle
Title: Vice President, General Counsel
and Secretary
Page 3 of 9
EXHIBIT INDEX
Current Report on Form 8-K
Dated May 31, 1995 and June 1, 1995
Exhibit No. Page
(20)(i) 5
(20)(ii) 6-7
(20)(iii) 8-9
Page 4 of 9
May 31, 1995 Exhibit (20)(i)
THE STANLEY WORKS ANNOUNCES 2nd QUARTER DIVIDEND PAYMENT
New Britain, Connecticut (NYSE:SWK)...The Board of Directors of The
Stanley Works today declared a regular second quarter dividend of $.35
per share on the common stock. This declaration represents Stanley's
401st consecutive quarterly dividend payment.
The dividend is payable June 30, 1995 to shareholders of record at
the close of business on Monday, June 12 1995.
Stanley's outstanding quarterly dividend performance represents the
longest record for consecutive quarterly dividend payments of all
industrial companies listed on the New York Stock Exchange. Stanley's
record of annual dividend payments - every year since 1877 - is also
the longest record for all industrials listed on the Exchange.
The Stanley Works is a worldwide producer of tools, hardware and
specialty hardware for home improvement, consumer, industrial and
professional use.
Contact: Patricia McLean
Manager, Corporate Communications
(203) 827-3833
Page 5 of 9
May 31, 1995 Exhibit (20)(ii)
STANLEY BOARD ELECTS NEW DIRECTOR
New Britain, Connecticut (NYSE:SWK)...The Board of Directors of The
Stanley Works today announced the election of a new member, Mannie L.
Jackson, Chairman of the Harlem Globetrotters International and
Chairman and Chief Executive Officer of Mannie Jackson, Associates, a
sports and entertainment company. Mr. Jackson is also a retired
executive of Honeywell, Inc.
Richard H. Ayers, Chairman and Chief Executive Officer of The Stanley
Works said: "We are very pleased to have Mannie Jackson join Stanley's
Board. He brings a wealth of experience in a wide variety of
business settings - from his service at Honeywell to his position as
Chief Executive of a dynamic organization like the Globetrotters and
as an entrepreneur. His expertise, particularly in the areas of
international marketing and strategic leadership, will be invaluable
to Stanley as we pursue our growth strategies of continuing to expand our
global presence and enhancing our relationships with key customers."
Mr. Jackson joined Honeywell in 1968. He held several vice presidential
positions at Honeywell in marketing, factory management, human resource
management, strategic planning, new venture management and product
management. In addition, he served as Vice President and General
Manager of the Communication Services Division and Group Vice President
of Sales and Marketing. He is recognized for strategic leadership,
innovative marketing and establishing marketing relationships with
international customers in important growth areas, including China, Europe,
Japan and South Africa. Honeywell is a global controls company that
provides products, systems and services for homes and buildings,
industry, and aviation and space.
Mr. Jackson attended the University of Illinois, where he was
Captain of the basketball team and was named an All-American for his
athletic ability. Following graduation, he played
professional basketball for the Harlem Globetrotters. Today, he is
majority owner and Chairman of Harlem Globetrotters, International.
The Globetrotters are a 70 year old sports
and entertainment entity. As Chairman and CEO, Mr. Jackson has been
responsible for the resurgence of the organization, which in 1995 will appear
in 30 countries and play before over 2 million fans.
Page 6 of 9
- 2 - Exhibit (20)(ii)
Mr. Jackson is also a director of Ashland Inc., Jostens, Inc. and
Martech Controls, Honeywell's South African Subsidiary. He is involved
in several community service and philanthropic organizations. In 1993 he
was elected one of the nation's 40 Most Powerful and Influential Black
Executives by Black Enterprise Magazine, and also in 1993 he was recognized
by the Journal of Business Strategy as one of the nation's top corporate
strategists.
In February of 1995, he accompanied Secretary of Energy Hazel O'Leary on
an official Presidential trade mission to China. In May of 1995, he was
among 12 nominees for the Archbishop Desmond Tutu Award for Human Rights
for his work in South Africa. He is also an advisor to the Secretary of
State on Foreign Policy.
Mr. Jackson is 56 years old. He and his wife, Catherine have two daughters.
The family resides in Minneapolis.
Contact: Patricia McLean
Manager, Corporate Communications
(203) 827-3833
Page 7 of 9<PAGE>
Exhibit (20)(iii)
TO: ALL MEMBERS OF MANAGEMENT JUNE 1, 1995
SUBJECT: ORGANIZATION CHANGE
With mixed feelings, I announce the resignation of Jim Amtmann from
The Stanley Works effective Monday, June 5, 1995. Jim has accepted
a position elsewhere, and we wish him all the best in his new endeavors.
Jim has served Stanley in a variety of important positions, including
the critical role of establishing the Stanley Customer Support
Division. Jim has done a terrific job of assembling a strong group
of individuals who are moving forward with significant improvements in
the way we conduct business with our key customers.
I am very pleased to announce that Tom Mahoney, currently President and
General Manager of Stanley Hardware will replace Jim, both as President
and General Manager of the Stanley Customer Support Division, and as
Vice President - Marketing Development for The Stanley Works. Tom
will assume his new position on Monday, continuing without interruption,
the positive momentum of the Customer Support Division.
Tom is extremely well-suited to this important new role. He is a
thirty-year veteran of The Stanley Works with an impressive background in
sales, marketing and senior management of both industrial and consumer
products businesses. After joining Stanley in 1965, Tom held several
positions in sales and marketing at the Stanley Power Tools Division.
He moved to Stanley Tools in 1978 and was appointed Division Vice President
- - Industrial Sales in 1979. In 1982, he was promoted to Vice President
- - Sales and Marketing for the Stanley Steel Division and in 1985 was
appointed President and General Manager of the Stanley Strapping Systems.
In 1987, Tom moved to Dallas to join National Hand Tool and was appointed
President and General Manager of that division in 1989. In 1992, Tom
and his family moved back to New Britain when he was appointed
President and General Manager of Stanley Hardware. Tom's replacement
at Stanley Hardware will be announced shortly.
Page 8 of 9
- 2 - Exhibit (20)(iii)
Tom is well-known to the key customers with whom the Stanley Customer
Support Division is working closely, and as you might imagine, he is
well-respected by them. I am very pleased that Tom has accepted this
position. Please join me in wishing him well in this exciting new
phase of his career at Stanley.
ALAN HUNTER
President and
Chief Operating Officer
Page 9 of 9
