On March 12, 2010, Stanley completed a merger (the “Merger”) with the Black & Decker Corporation
(“Black & Decker”). Black & Decker, which was incorporated in Maryland in 1910, is a leading global
manufacturer and marketer of power tools and accessories, hardware and home improvement products, and
technology-based (engineered) fastening systems. Black & Decker enjoys worldwide recognition of its strong
brand names and a superior reputation for quality, design, innovation and value. In connection with the Merger,
Stanley changed its name to Stanley Black & Decker, Inc.