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 22, 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 6 Pages
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Item 5. Other Events.
1. On June 22, 1999, The Stanley Works announced
the appointment, effective July 19, of James M. Loree as Chief
Financial Officer of the company.
Item 7. Financial Statements and Exhibits.
(c) 20(i) Press Release dated June 22, 1999
announcing the appointment of James M.
Loree as Chief Financial Officer of the
company. Mr. Loree joins the company from
GE Capital where he was the Vice President
-- Finance and Strategic Planning for GE
Capital's Auto Financial Services unit.
Page 2 of 6 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: June 22, 1999 By: Stephen S. Weddle
Name: Stephen S. Weddle
Title: Vice President,
General Counsel
and Secretary
Page 3 of 6 Pages
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EXHIBIT INDEX
Current Report on Form 8-K
Dated June 22, 1999
Exhibit No. Page
20(i) 5
Page 4 of 6 Pages
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EXHIBIT 20(i)
THE STANLEY WORKS NAMES JIM LOREE AS CHIEF FINANCIAL OFFICER
NEW BRITAIN, CONN., JUNE 22, 1999 -- The Stanley Works (NYSE:
"SWK") today announced the appointment of James M. Loree as Chief
Financial Officer, effective July 19.
Loree, 41, is Vice President -- Finance and Strategic Planning
for GE Capital's Auto Financial Services unit, where he has
helped lead a business repositioning and turnaround. During the
1990's, he has held senior finance positions including Vice
President of Finance overseeing eight GE Capital operating units
(assets totaling $35 billion) and Chief Financial Analyst -- GE
Capital Services. He also held global leadership positions in
corporate sourcing and trailer leasing.
"We are very excited about the addition of Jim Loree to our
team," said John M. Trani, Stanley Chairman and CEO. "He is a
proven financial executive and business leader with experiences
ranging from product management to corporate sourcing to
financial planning and analysis in manufacturing and services
businesses. Jim will help us achieve stability and discipline in
our business processes while driving world-class analysis in all
decisions. By combining Jim's abilities with the talents and
industry experience of Theresa Yerkes, our Vice President and
Controller, we have a powerful combination at the leadership
level in Finance. On behalf of all Stanley associates, I would
like to thank Theresa for her outstanding leadership, tireless
efforts, and wise counsel while serving as Acting CFO."
Loree joined GE's Financial Management Program in 1980 and was
subsequently appointed to the company's audit staff. He
progressed through numerous financial and operating positions
before being named to his current position. Loree holds a B.A.
in Economics from Union College.
The Stanley Works, an S&P 500 company, is a worldwide supplier of
tools, door systems and related hardware for professional,
industrial and consumer use.
Investor Contact Media Contact
Gerard J. Gould Vance N. Meyer
Director, Investor Relations Director, Communication &
Public Affairs
(860) 827-3833 office (860)827-3871 office
(860) 658-2718 home (203)795-0581 home
[email protected]
Page 5 of 6 Pages
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The Stanley Works corporate press releases are available on the
company's internet web site at http://www.stanleyworks.com.
Alternatively, they are available through PR Newswire's "Company News
On-Call" service by FAX at 800-758-5804, ext. 874363 or on the
internet at http://www.prnewswire.com.
Page 6 of 6 Pages
