On February 7, 2023, Carlos M. Cardoso, and on February 8, 2023, Robert B. Coutts, informed the board of directors (the “Board”) of Stanley Black & Decker, Inc. (the “Company”) of their respective decisions not to stand for re-election as directors of the Company at the Company's 2023 annual meeting of shareholders (the “2023 Annual Meeting”). Messrs. Cardoso and Coutts will continue to serve on the Board until the time of the 2023 Annual Meeting.

The decision of Messrs. Cardoso and Coutts to retire from the Board did not involve any disagreements with the Company regarding any matter related to its operations, policies or practices.