Patent ID: 8413552
Filing Date: 2013-04-09
Classification: B25B

Abstract:
1. A socket assembly for receiving and retaining a head of a fastener, the socket assembly comprising: a socket body having a longitudinal interior chamber defined by interior walls, the interior chamber extending axially within the socket body to a receiving end of the socket body, the interior walls of the interior chamber being configured to a shape of the head of a fastener for receiving the head of the fastener at the receiving end; a magnet disposed within the interior of the socket body, the magnet being selectively movable in an axial direction within the interior chamber of the socket body; and a fastening member radially engaged to the socket body, the fastening member having a securing position to secure the magnet within the socket body at a selected fixed axial position in relation to the head of the fastener inserted within the receiving end and a loosened position to adjust the magnet to a different fixed axial position in response to a change in an axial length of the socket body.