Eastern Company appoints Mark Hernandez as CEO effective Jan 23, 2023; August Vlak resigns

EASTERN CO

Mark Hernandez named CEO, succeeding August Vlak who served since 2016; effective Jan 23, 2023.
Hernandez receives $515,000 base salary, target bonus 100% of base, and upfront 15,000-share restricted stock award.
Vlak resigns from board and all officer/director positions; departure treated as without cause for severance.
Hernandez previously EVP at Navistar, with prior roles at McKinsey and Daimler; holds Naval Academy degree.

item 5.02 item 9.01

Executive movements

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Departed

August Vlak

Chief Executive Officer

EML · EASTERN CO

Effective: 2023-01-23
Successor: Mark Hernandez
Filed: January 13, 2023, 6:59 PM ET

Mr. Vlak resigned as a member of the Board of Directors of the Company and from all other officer, director, trustee, fiduciary and other positions with the Company and its subsidiaries and affiliates, effective as of January 23, 2023.

Appointed

Mark Hernandez

Chief Executive Officer

EML · EASTERN CO

Effective: 2023-01-23
Filed: January 13, 2023, 6:59 PM ET

appointed Mark Hernandez, a member of its Board of Directors since June 2022, to serve as the Company’s Chief Executive Officer, effective January 23, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

August Vlak resigned as Chief Executive Officer at EASTERN CO.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Mr. Vlak resigned as a member of the Board of Directors of the Company and from all other officer, director, trustee, fiduciary and other positions with the Company and its subsidiaries and affiliates, effective as of January 23, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Hernandez was appointed as Chief Executive Officer at EASTERN CO.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Mark Hernandez, a member of its Board of Directors since June 2022, to serve as the Company’s Chief Executive Officer, effective January 23, 2023

View on SEC.gov

EASTERN CO filing history →

Source: SEC EDGAR

accession 0001654954-23-000388

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