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): July 23, 1999
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:(860) 225-5111
Not Applicable
(Former name or former address, if changed since last report)
Exhibit Index is located on Page 4
Page 1 of 5 Pages
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Item 5. Other Events.
1. On July 23, 1999, the Registrant issued cautionary
statements relating to certain forward looking statements made at a
presentation to analysts. Attached as Exhibit (20)(i) is a copy
of the cautionary statements.
Item 7. Financial Statements and Exhibits.
(c) 20(i) Cautionary statements under the Private
Securities Litigation Reform Act of 1995.
Page 2 of 5 Pages
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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: July 23, 1999 By: Stephen S. Weddle
Name: Stephen S. Weddle
Title: Vice President,
General Counsel and
Secretary
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EXHIBIT INDEX
Current Report on Form 8-K
Dated July 23, 1999
Exhibit No. Page
20(i) 5
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Exhibit 20(i)
CAUTIONARY STATEMENTS
Under the Private Securities Litigation Reform Act of 1995
Certain statements made in a presentation to analysts today regarding
(1) the projected revenue from the sale of new products and (2) the projected
revenue growth for Mac Tools and the storage business are forward looking. These
forward looking statements are based on assumptions of future events that may
not prove to be accurate and, therefore, certain risks and uncertainties are
inherent in the company's ability to realize the expectations contained in them.
The achievement of the expected revenue from the sale of new products
will depend on the company's ability to successfully commercialize new products,
the acceptance of those products in the marketplace and the company's ability to
satisfy demand for the new products.
The achievement of revenue growth in Mac Tools is dependent upon
several factors. These include the company's ability to (i) develop sales in new
markets, (ii) slow or eliminate sales force attrition, (iii) improve candidate
screening, (iv) recruit new employees and distributors, (v) improve comparable
sales for existing trucks and (vi) successfully implement systems changes and
outsourcing necessary to solve Year 2000 issues. The achievement of revenue
growth in the storage business depends in part on increased toolbox sales as a
by product of Mac Tools growth and in part from the growth of the ZAG business.
The company's ability to achieve its growth goals for ZAG will depend on
continued success with new products, expansion of new sales channels and product
markets and expanded access to external manufacturing capacity to keep up with
demand.
The company's ability to achieve the goals outlined above will also be
affected by external factors that may occur during the remainder of this year.
These include pricing pressures and other changes within competitive markets;
the continued consolidation of customers in consumer channels; increasing global
competition; changes in trade, monetary and fiscal policies and laws; inflation;
currency exchange fluctuations and the impact of dollar/foreign currency
exchange rates on the competitiveness of products; and recessionary or expansive
trends in the economies of the world in which the company operates.
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