---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-003382"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2022-03-17T23:59:59+00:00"
generated_at: "2026-06-26T22:08:20.956620+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Eastern Co FY2021 sales +25% to $246.5M; EPS $2.58; CFO Sullivan retiring, O'Hara hired

## Summary
- Net sales from continuing ops grew 25% to $246.5M; net income +47%; diluted EPS $2.58.
- Backlog rose to $82.8M vs $64.7M; gross margin 23% vs 24%.
- Unrecovered raw material costs ~$5.5M pre-tax ($0.75/share after-tax).
- CFO John Sullivan retiring May 15, 2022; Peter O'Hara appointed CFO effective May 16, 2022; base salary $425K.
- Adjusted EPS from continuing ops $2.44, +17% YoY.

## SEC filing metadata
- accession: 0001654954-22-003382
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2022-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495422003382/0001654954-22-003382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495422003382/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-003382
- JSON: https://secwatch.observer/filing/0001654954-22-003382.json
- Plain text: https://secwatch.observer/filing/0001654954-22-003382.txt

## Key facts
- Executive change
  John L. Sullivan III departed as Vice President and Chief Finance Officer at EASTERN CO.
  - Action: retire
  - Role: Vice President and Chief Finance Officer
  source text: John L. Sullivan III will retire from his office as Vice President and Chief Finance Officer of the Company effective at the close of business on May 15, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31107/000165495422003382/0001654954-22-003382-index.htm
- Executive change
  Peter O'Hara was appointed as Chief Financial Officer at EASTERN CO.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Peter O’Hara, age 56, has been appointed as Chief Financial Officer of the Company effective May 16, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31107/000165495422003382/0001654954-22-003382-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.