The Stanley Works Announces Results of Shareowner Votes at 166th Annual Meeting

NEW BRITAIN, Conn., April 23 /PRNewswire-FirstCall/ — The Stanley Works (NYSE: SWK) announced, at its 166th annual meeting of shareowners held today, the following results of votes by shareowners:

• Patrick D. Campbell was elected to a three-year term on the company’s Board of Directors, receiving the affirmative votes of 44,524,865 shares, or 63.2% of the shares present at the annual meeting. Mr. Campbell, Senior Vice President and Chief Financial Officer of 3M Company, has served on The Stanley Works’ Board of Directors since October, 2008.

• Eileen S. Kraus was elected to a three-year term on the company’s Board of Directors, receiving the affirmative votes of 41,670,050 shares, or 59.1% of the shares present at the annual meeting. Mrs. Kraus, retired chairman of Fleet Bank, Connecticut, is also lead director of Kaman Corporation, a director of Rogers Corporation and chairman of the audit committee of the board of Iron Wood Mezzanine Funds. Mrs. Kraus has served on The Stanley Works’ Board of Directors since October, 1993.

• Lawrence A. Zimmerman was elected to a three-year term on the company’s Board of Directors, receiving the affirmative votes of 42,502,173 shares, or 60.3% of the shares present at the annual meeting. Mr. Zimmerman is the Executive Vice President and Chief Financial Officer of Xerox Corporation and has served on The Stanley Works’ Board of Directors since July, 2005.

• The appointment of Ernst & Young, LLP as the company’s independent auditors for the year 2009 was approved by 66,825,308 shares, or 94.8% of the shares present at the annual meeting.

• A shareowner proposal for The Stanley Works’ 2009 Long-Term Incentive Plan was approved by 49,877,355 shares, or 78.1% 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 46,110,986 shares, or 72.2% of the shares present at the annual meeting.

John F. Lundgren, Chairman and Chief Executive Officer, chaired the meeting and declared: “The four proposals — to elect three directors, to approve the appointment of E&Y as auditors for 2009, to approve the 2009 Long-Term Incentive Plan 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.

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.

SOURCE The Stanley Works