NEW BRITAIN, Conn., April 25 /PRNewswire-FirstCall/ -- The Stanley
Works (NYSE: SWK) announced that, at its 164TH annual meeting of
shareowners held today, the following were the results of votes by
shareowners:
-- John F. Lundgren, John G. Breen and Virgis W. Colbert were elected to
three-year terms on the company's Board of Directors, each receiving
the affirmative votes of at least 51,290,801 shares, or 68% of the
shares present at the annual meeting.
-- The appointment of Ernst & Young, LLP as the company's independent
auditors for the year 2007 was approved by 73,068,950 shares, or 96% of
the shares present at the annual meeting.
-- A shareowner proposal urging the company's Board of Directors to take
the necessary steps to require that all members of the Board of
Directors be elected annually was approved by 53,754,536 shares, or 78%
of the shares present at the annual meeting.
John F. Lundgren, Chairman and Chief Executive Officer, chaired the
meeting and declared: "The three proposals - to elect three directors, to
approve the appointment of E&Y as auditors for 2007 and to recommend all
directors be elected annually - were approved."
The Stanley Works, an S&P 500 company, is a diversified worldwide
supplier of tools and engineered solutions for professional, industrial,
construction and do-it-yourself use, and security solutions for commercial
applications.
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 http://www.stanleyworks.com.
SOURCE The Stanley Works
 back to top
Related links:
http://www.StanleyWorks.com/
http://www.prnewswire.com/comp/874363.html/
CONTACT:
Gerry Gould, Vice President, Investor
Relations of The Stanley Works, +1-860-827-3833,
ggould@stanleyworks.com
|
