secwatch.observer — SEC 8-K summary
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Issuer:     EASTERN CO (EML)
CIK:        0000031107
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001654954-23-011104
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastern Company announces new share repurchase program of up to 200,000 shares through 2028
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- Board authorized repurchase of up to 200,000 shares through August 20, 2028.
- Program may use open market or structured repurchase agreements with third parties.
- Previous program (May 2018 – May 2023) had 140,000 of 200,000 shares repurchased.
- Chairman stated program aims to return value and minimize dilution from equity compensation.
- CEO emphasized commitment to shareholder returns as part of long-term growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31107/000165495423011104/0001654954-23-011104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31107/000165495423011104/eml_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-011104

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