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): March 2, 2004
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 5
Item 5. Other Events.
The Stanley Works has announced that it has completed the sale of its
residential entry doors business to Masonite International Corporation.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits.
Exhibit No. Description
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99.1 Press release, dated March 2, 2004 issued by The
Stanley Works, announcing that it has completed
the sale of its entry doors business to Masonite
International Corporation.
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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: March 2, 2004 By: /s/ Bruce H. Beatt
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Name: Bruce H. Beatt
Title: Vice President, General
Counsel and Secretary
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EXHIBIT INDEX
Current Report on Form 8-K
Dated March 2, 2004
Exhibit No. Page
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99.1 5
Page 4 of 5
Exhibit 99.1
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FOR IMMEDIATE RELEASE
THE STANLEY WORKS COMPLETES SALE OF RESIDENTIAL ENTRY DOORS BUSINESS
New Britain, Connecticut, March 2, 2004 ... The Stanley Works (NYSE: SWK)
announced today that it has completed the sale of its residential entry doors
business to Masonite International Corporation (TSE, NYSE: MHM).
The transaction will generate an after-tax gain and net proceeds of
approximately $100 million, which will be utilized for partial repayment of debt
incurred in the recent acquisition of Blick plc.
The Stanley Works, an S&P 500 company, is a worldwide supplier of tools,
hardware and security systems for professional, industrial and consumer use.
Contact: Gerry Gould
Vice President, Investor Relations
(860)827-3833
ggould @ stanleyworks.com
The Stanley Works corporate press releases are available under Financial News in
the Investor Relations section of the company's corporate web site at
www.stanleyworks.com.
CAUTIONARY STATEMENTS
Under the Private Securities Litigation Reform Act of 1995
The statement in this press release to the effect that the transaction will
generate an after-tax gain and net proceeds of approximately $100 million is a
forward looking statement and inherently subject to risk and uncertainty.
Achieving an after-tax gain and net proceeds of approximately $100 million is
subject to final accounting of the completed transaction.
The Company undertakes no obligation to publicly update or revise any
forward-looking statements to reflect events or circumstances that may arise
after the date hereof.
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