secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K/A
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001654954-23-001292
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495423001292/0001654954-23-001292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495423001292/eml_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-001292

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