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): June 15, 1995 The Stanley Works (Exact name of registrant as specified in charter) Connecticut 1-5224 06-058860 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1000 Stanley Drive, New Britain, Connecticut 06053 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:(203) 225-5111 Not Applicable (Former name or former address, if changed since last report) Page 1 of 5 pages Exhibit Index is located on Page 4 Item 5. Other Events. 1. On June 15, 1995, the Registrant issued a press release. Attached as Exhibit (20)(i)is a copy of the Registrant's press release. This Exhibit is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) (20)(i) Press release dated June 15, 1995 reporting on Stanley's weakening demand. Page 2 of 5 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: June 15, 1995 By: Stephen S. Weddle Name: Stephen S. Weddle Title: Vice President, General Counsel and Secretary Page 3 of 5 EXHIBIT INDEX Current Report on Form 8-K Dated June 15, 1995 Exhibit No. Page (20) (i) 5 Page 4 of 5 FOR IMMEDIATE RELEASE June 15, 1995 STANLEY REPORTS WEAKENING DEMAND New Britain, Connecticut (NYSE:SWK) "Strong unit volume gains realized in the first quarter of this year will not be maintained in the face of weakening order patterns within U.S. consumer channels of distribution and in some construction-related product categories," reported Richard H. Ayers, Chairman and Chief Executive Officer of The Stanley Works. Mr. Ayers continued, "Order activity outside the U.S., particularly in Europe, remains good and our industrial tool businesses are also experiencing good growth. We are optimistic that these product categories will continue to perform well. However, the weakness in the consumer channel has become more visible and significant in recent weeks. As a result, we are less optimistic about sales growth, and earnings will likely be below last year's second quarter. "The pullback in orders among retailers and distributors appears to be the result of both weakness in retail sales and some level of inventory adjustments by retailers following unusual winter and early spring selling seasons. "While the effects of this recent change in activity have reduced our earnings expectations for this quarter, we have begun to take steps to reduce costs and adjust inventory levels among those businesses most affected by the weakness in demand." Mr. Ayers concluded, "We expect that continued growth in Europe and in our U.S. industrial tool businesses, combined with the steps currently being taken, will provide us with improved comparisons in the second half of the year. The full year, however, now looks less optimistic than our view a few months ago." CONTACT: Patricia McLean Manager, Corporate Communications (203)827-3833 Page 5 of 5