---
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"
generated_at: "2026-06-16T05:30:25.896912+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Eastern Company to close UK mold tooling facility, record ~$4M Q2 charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-005515
- JSON: https://secwatch.observer/filing/0001654954-23-005515.json
- Plain text: https://secwatch.observer/filing/0001654954-23-005515.txt

## Key facts
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: between $3.5 million and $4.5 million
  - Affected area: Associated Tool Makers Ltd. facility located in Farndon, United Kingdom
  - Headcount: approximately 10 job reductions
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/31107/000165495423005515/0001654954-23-005515-index.htm

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