The Securities and Exchange Commission (SEC) recently issued
an enforcement action against Stanley Black & Decker involving inaccurate
proxy disclosures in which the company underreported certain compensation paid
to high-level executives.
Proxy statements filed by the company from 2018-2021
indicate that Stanley paid $1 million on average to four executive officers and
one director. These payments were disclosed as “All Other Compensation” in
financial reports, according to an SEC release.