secwatch.observer — SEC 8-K summary
======================================

Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001654954-23-000388
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495423000388/0001654954-23-000388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495423000388/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-000388

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer