---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-001292"
form_type: "8-K/A"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:31:49.300653+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-001292
- form_type: 8-K/A
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495423001292/0001654954-23-001292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495423001292/eml_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-001292
- JSON: https://secwatch.observer/filing/0001654954-23-001292.json
- Plain text: https://secwatch.observer/filing/0001654954-23-001292.txt

## Key facts
- Executive change
  Nicholas Vlahos was appointed as Vice President and Chief Financial Officer at EASTERN CO.
  - Action: appointed
  - Role: Vice President and Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31107/000165495423001292/0001654954-23-001292-index.htm
- Executive change
  Peter O'Hara resigned as Vice President and Chief Financial Officer at EASTERN CO.
  - Action: resigned
  - Role: Vice President and Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31107/000165495423001292/0001654954-23-001292-index.htm

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