Eastern Co. discloses CFO Vlahos compensation: $350k base, 50% target bonus, severance terms

EASTERN CO

Base salary of $350,000/year; annual target incentive equal to 50% of base salary.
Long-term incentive award equal to 40% of base salary, subject to vesting and performance goals.
Severance: lump sum of base salary plus estimated annual bonus for termination without cause or constructive termination.
Benefits include health/dental, 401(k) with 3% auto + 50% match up to 3%, and insurance coverage.
Severance conditional on 24-month non-compete and release of claims.

item 5.02 item 9.01

Executive movements

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Appointed

Nicholas Vlahos

Vice President and Chief Financial Officer

EML · EASTERN CO

Effective: 2023-02-03
Filed: February 6, 2023, 6:59 PM ET

On January 26, 2023, the Company announced that Nicholas Vlahos, age 41, has been appointed as Vice President and Chief Financial Officer of the Company effective as of the close of business on February 3, 2023.

Departed

Peter O'Hara

Vice President and Chief Financial Officer

EML · EASTERN CO

Effective: 2023-02-03
Successor: Nicholas Vlahos
Filed: February 6, 2023, 6:59 PM ET

On January 26, 2023, The Eastern Company (the “Company”) announced that, on January 22, 2023, Peter O’Hara notified the Company of his resignation from his office as Vice President and Chief Financial Officer of the Company, effective as of the close of business on February 3, 2023, to pursue other opportunities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicholas Vlahos was appointed as Vice President and Chief Financial Officer at EASTERN CO.

Action: appointed
Role: Vice President and Chief Financial Officer

Exact text from the filing

On January 26, 2023, the Company announced that Nicholas Vlahos, age 41, has been appointed as Vice President and Chief Financial Officer of the Company effective as of the close of business on February 3, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter O'Hara resigned as Vice President and Chief Financial Officer at EASTERN CO.

Action: resigned
Role: Vice President and Chief Financial Officer

Exact text from the filing

On January 26, 2023, The Eastern Company (the “Company”) announced that, on January 22, 2023, Peter O’Hara notified the Company of his resignation from his office as Vice President and Chief Financial Officer of the Company, effective as of the close of business on February 3, 2023, to pursue other opportunities.

View on SEC.gov

EASTERN CO filing history →

Source: SEC EDGAR

accession 0001654954-23-001292

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