{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-005515","form_type":"8-K","ticker":"EML","cik":"0000031107","company_name":"EASTERN CO","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.719277+00:00","generated_at":"2026-06-16T05:30:25.896912+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Eastern Company to close UK mold tooling facility, record ~$4M Q2 charge","bullets":["Plan to close Associated Tool Makers Ltd. (Farndon, UK) by end of Q3 2023.","Approximately 10 job reductions at the facility; total pre-tax charges $3.5-4.5M.","Cash charges $0.4-0.8M for severance/exit; non-cash charges for accelerated depreciation.","Majority of charges expected in Q2 2023; CEO cites misalignment with profitability goal."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-005515","json":"https://secwatch.observer/filing/0001654954-23-005515.json","markdown":"https://secwatch.observer/filing/0001654954-23-005515.md","text":"https://secwatch.observer/filing/0001654954-23-005515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31107/000165495423005515/0001654954-23-005515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31107/000165495423005515/eml_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:30:25.896912+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1a4e5fc26c836f0668baa72ce5579cd3dfb9497c","claim":"EASTERN CO announced a restructuring with charges of between $3.5 million and $4.5 million affecting Associated Tool Makers Ltd. facility located in Farndon, United Kingdom (approximately 10 job reductions).","evidence_excerpt":"The Company expects to substantially complete this plan by the end of the third quarter of 2023 and estimates total pre-tax charges associated with this action to be between $3.5 million and $4.5 million","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/31107/000165495423005515/0001654954-23-005515-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $3.5 million and $4.5 million"},{"label":"Affected area","value":"Associated Tool Makers Ltd. facility located in Farndon, United Kingdom"},{"label":"Headcount","value":"approximately 10 job reductions"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}