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): February 9, 2004
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The Stanley Works
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(Exact name of registrant as specified in charter)
Connecticut 1-5224 06-0548860
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1000 Stanley Drive, New Britain, Connecticut 06053
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (860) 225-5111
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Not Applicable
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(Former name or former address, if changed since last report)
Exhibit Index is located on Page 4
Page 1 of 6 Pages
Item 5. Other Events.
The Stanley Works has named Donald R. McIlnay President, Tools
Group and announced the resignation of Joseph J. DeAngelo.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit No. Description
99.1 Press release, dated February 9, 2004 issued by The
Stanley Works, announcing the naming of Donald R.
McIlnay as President, Tools Group and the resignation
of Joseph J. DeAngelo.
Page 2 of 6 Pages
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: February 9, 2004 By: /s/ Bruce H. Beatt
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Name: Bruce H. Beatt
Title: Vice President, General
Counsel and Secretary
Page 3 of 6 Pages
EXHIBIT INDEX
Current Report on Form 8-K
Dated February 9, 2004
Exhibit No. Page
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99.1 5
Page 4 of 6 Pages
Exhibit 99.1
FOR IMMEDIATE RELEASE
STANLEY WORKS NAMES DONALD R. McILNAY PRESIDENT, TOOLS GROUP
Joseph J. DeAngelo Resigns; Accepts Key Management Position With The Home Depot
New Britain, Connecticut, February 9, 2004 ... The Stanley Works (NYSE: SWK)
announced today that Donald R. McIlnay, 53, has been named President - Tools
Group. Mr. McIlnay, who joined the company in 1999, succeeds Joseph J. DeAngelo,
who announced his resignation to accept a position with The Home Depot (NYSE:
HD), based in Atlanta.
Mr. McIlnay's appointment and Mr. DeAngelo's resignation are effective Friday,
April 2, 2004. This will provide sufficient time to ensure a smooth transition.
Mr. McIlnay was most recently President of Stanley Door Systems, a $320 million
business. From 1999 through mid 2003 Don led the company's $1.2 billion consumer
sales channel as President, Consumer Sales Americas. Under his leadership the
company achieved major successes with its largest customers through successful
category management initiatives, near-neighbor market opportunities, improved
in-store service and more aggressive programs at the point-of-sale.
John D. Opie, Interim Chairman, commented: "Don McIlnay is an industry and
channel veteran. For almost thirty years he has demonstrated a track record of
success. His broad business and operating management experience make him an
ideal choice to lead our Tools Group through an expected period of growth."
Page 5 of 6 Pages
Prior to joining Stanley in 1999, Mr. McIlnay was President and CEO of The
Gibson-Homans Company, following an 18-year career with Newell-Rubbermaid that
included tenures as president of four different divisions. A proven leader, he
has consistently demonstrated the ability to lead and energize sales and
operating teams to new levels. He holds BA - Marketing and MBA degrees from the
University of Wisconsin - Whitewater. Mr. McIlnay will maintain his office at
Stanley's New Britain, CT headquarters of the Tools Group.
Mr. DeAngelo will be named Senior Vice President - Pro Business And Tool Rental
at The Home Depot. He joined Stanley in March 2003 following a 17-year career
with General Electric Company. Mr. Opie added: "We are extremely grateful to Joe
for his many contributions to Stanley during the past year. Under his
leadership, our Tools business has achieved growth and record levels of
profitability. We wish him well in his new assignment with The Home Depot."
The Stanley Works, an S&P 500 company, is a worldwide supplier of tools,
hardware and security solutions for professional, industrial and consumer use.
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Contact: Gerry Gould
Vice President, Investor Relations
(860) 827-3833
ggould@stanleyworks.com
Page 6 of 6 Pages