{"id":25546,"date":"2023-06-21T13:23:23","date_gmt":"2023-06-21T17:23:23","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/black-decker-former-executive-agree-to-settle-sec-charges-of-failing-to-disclose-at-least-1-3-million-in-perks\/"},"modified":"2023-06-21T13:23:24","modified_gmt":"2023-06-21T17:23:24","slug":"black-decker-former-executive-agree-to-settle-sec-charges-of-failing-to-disclose-at-least-1-3-million-in-perks","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=25546","title":{"rendered":"Black &#038; Decker, former executive agree to settle SEC charges of failing to disclose at least $1.3 million in perks"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002192966\" role=\"document\">\n<p>U.S. securities regulators said late Tuesday they have settled charges against small-appliances and tools maker Stanley Black &amp; Decker Inc.<br \/>\n        SWK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206369278\/composite\" class=\"negative\">-0.62%<\/bg-quote><br \/>\n       for failing to disclose at least $1.3 million worth of perks it provided to four top executives and one of its directors in the three years to 2020. The perks mostly related to expenses with using the company\u2019s aircraft, the U.S. Securities Exchange Commission said. In addition, former Stanley Black &amp; Decker executive Jeffery D. Ansell has agreed to settle charges that he caused the company to violate proxy solicitation and books and records provisions of  federal securities laws, the SEC said. No civil penalties were levied and Stanley Black &amp; Decker self-reported the disclosure failures, cooperated with the investigation, and took action to remedy the situation, the SEC said. Regarding Ansell, the SEC alleged that the senior executive received undisclosed compensation that consisted, in part, of $280,000 in personal expenses he charged to the company. The SEC also declined to bring charges against the company related to Ansell\u2019s conduct, it said. Without admitting or denying the SEC\u2019s findings, Ansell agreed to pay a $75,000 civil penalty. Shares of Stanley Black &amp; Decker dropped 0.8% in the extended session Tuesday after ending the regular trading day down 1.7%. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/black-decker-former-executive-agree-to-settle-sec-charges-of-failing-to-disclose-at-least-1-3-million-in-perks-c7bba14?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. securities regulators said late Tuesday they have settled charges against small-appliances and tools maker Stanley Black &amp; Decker Inc. SWK, -0.62% for failing to disclose at least $1.3 million worth of perks it provided to four top executives and one of its directors in the three years to 2020. The perks mostly related to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-25546","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Black &amp; Decker, former executive agree to settle SEC charges of failing to disclose at least $1.3 million in perks | iFintechWorld<\/title>\n<meta name=\"description\" content=\"U.S. securities regulators said late Tuesday they have settled charges against small-appliances and tools maker Stanley Black &amp; Decker Inc. 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