Stanley Black & Decker said that on April 11, 2024, Irving Tan informed the board of his decision not to stand for re-election as a director at the Company's 2024 Annual Meeting. Tan will continue to serve on the board until that annual meeting.

1. 01

   Stanley Black & Decker said that on April 11, 2024, Irving Tan informed the board of his decision not to stand for re-election as a director at the Company's 2024 Annual Meeting. Tan will continue to serve on the board until that annual meeting.

2. 02

   The company said Tan has been named the incoming Chief Executive Officer of Western Digital Corp.'s standalone hard disk drives business. It said his decision reflects Western Digital Corp.'s request and that there were no disagreements with the company regarding its operations, policies or practices.

3. 03

   The company said the board intends to reduce its size to nine members after Tan's departure.

4. 04

   The company said Tan had been included as a board nominee in its definitive proxy statement and proxy card for the 2024 Annual Meeting, but it is amending its proxy materials to remove him as a nominee. The rest of the slate is unchanged, and previously cast proxies remain valid, except with respect to Tan.

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