The Board of Directors of Stanley Black & Decker, Inc. elected Irving Tan as a director of the Company, effective February 20, 2020. Mr. Tan will serve as a member of the Board's Audit Committee and Corporate Governance Committee. On February 17, 2020, James H. Scholefield notified the Company that he will not stand for re-election at the Company's 2020 Annual Meeting of Shareholders, which is expected to be held on April 17, 2020. Mr. Scholefield's decision not to stand for re-election was not a result of a disagreement with the Company.