Stanley Black & Decker avoids fine in SEC executive perks case
By 
Kyle Brasseur2023-06-21T14:06:00
Tool manufacturer Stanley Black & Decker (SBD) avoided a civil penalty in settling with the Securities and Exchange Commission (SEC) regarding alleged violations of executive perk disclosure rules.
SBD agreed to cease and desist from violations of reporting and proxy solicitation provisions of the securities laws in reaching settlement. The SEC lauded the company’s cooperation in announcing Tuesday that it earned a declination of charges in a separate case involving a former company executive.
Jeffery Ansell, the former executive in SBD’s tools and storage segment, was fined $75,000 in settling with the SEC for allegedly causing the company to violate securities laws regarding compensation disclosures.
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