---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-014418"
form_type: "8-K"
ticker: "EML"
cik: "0000031107"
company_name: "EASTERN CO"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:51:22.668559+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Eastern Company amends CEO employment agreement to enhance severance benefits

## Summary
- Amended agreement with CEO Mark Hernandez adds payment of estimated annual target bonus on pro-rated basis upon termination without Cause or for Good Reason.
- Also provides full vesting of all equity and equity-based awards upon such termination; prior agreement lacked these severance enhancements.
- Other terms unchanged: base salary $515,000, target bonus 100% of base, eligibility for equity grants; agreement effective November 14, 2023.

## SEC filing metadata
- accession: 0001654954-23-014418
- form_type: 8-K
- ticker: EML
- cik: 0000031107
- company_name: EASTERN CO
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31107/000165495423014418/0001654954-23-014418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31107/000165495423014418/eml_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-014418
- JSON: https://secwatch.observer/filing/0001654954-23-014418.json
- Plain text: https://secwatch.observer/filing/0001654954-23-014418.txt

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