EASTERN CO shareholders approved Ratification of the appointment of Fiondella, Milone & LaSaracina LLP as the Company's independent registered public accounting firm for the 2026 fiscal year. at the 2026-05-06 meeting.
“On May 6, 2026, The Eastern Company (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders voted on the following three proposals and cast their votes as follows: FOR AGAINST ABSTAIN/ WITHHELD 1) Election of Directors Election of Frederick D. DiSanto as a director for a one-year term expiring in the year 2027: 4,444,777 140,984 34,727 Election of John W. Everets as a director for a one-year term expiring in the year 2027: 4,527,468 58,293 34,727 Election of Chan Galbato as a director for a one-year term expiring in the year 2027: 4,556,213 29,605 34,670 Election of James Mitarotonda as a director for a one-year term expiring in the year 2027: 4,272,743 324,931 22,814 Election of Peggy B. Scott as a director for a one-year term expiring in the year 2027: 4,547,281 60,520 12,687 Election of Ryan A. Schroeder as a director for a one-year term expiring in the year 2027: 4,062,299 535,402 22,787 2) Approve, on”
Shareholder Votes
EASTERN CO shareholders approved Approve, on an advisory basis the compensation of the named executive officers. at the 2026-05-06 meeting.
“On May 6, 2026, The Eastern Company (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders voted on the following three proposals and cast their votes as follows: FOR AGAINST ABSTAIN/ WITHHELD 1) Election of Directors Election of Frederick D. DiSanto as a director for a one-year term expiring in the year 2027: 4,444,777 140,984 34,727 Election of John W. Everets as a director for a one-year term expiring in the year 2027: 4,527,468 58,293 34,727 Election of Chan Galbato as a director for a one-year term expiring in the year 2027: 4,556,213 29,605 34,670 Election of James Mitarotonda as a director for a one-year term expiring in the year 2027: 4,272,743 324,931 22,814 Election of Peggy B. Scott as a director for a one-year term expiring in the year 2027: 4,547,281 60,520 12,687 Election of Ryan A. Schroeder as a director for a one-year term expiring in the year 2027: 4,062,299 535,402 22,787 2) Approve, on”
Shareholder Votes
EASTERN CO shareholders approved Election of Directors at the 2026-05-06 meeting.
“On May 6, 2026, The Eastern Company (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders voted on the following three proposals and cast their votes as follows: FOR AGAINST ABSTAIN/ WITHHELD 1) Election of Directors Election of Frederick D. DiSanto as a director for a one-year term expiring in the year 2027: 4,444,777 140,984 34,727 Election of John W. Everets as a director for a one-year term expiring in the year 2027: 4,527,468 58,293 34,727 Election of Chan Galbato as a director for a one-year term expiring in the year 2027: 4,556,213 29,605 34,670 Election of James Mitarotonda as a director for a one-year term expiring in the year 2027: 4,272,743 324,931 22,814 Election of Peggy B. Scott as a director for a one-year term expiring in the year 2027: 4,547,281 60,520 12,687 Election of Ryan A. Schroeder as a director for a one-year term expiring in the year 2027: 4,062,299 535,402 22,787 2) Approve, on”
Governance Changes
EASTERN CO: Amended bylaws to reduce supermajority for shareholder amendments to simple majority, eliminate executive committee requirement, lower special meeting ownership threshold to 25% with procedural safeguards, revise shareholder proposal and director nomination procedures, clarify Chairman role, and mak (effective 2026-02-25).
“On February 25, 2026, the Board amended and restated the Amended and Restated Bylaws of the Company (as amended and restated, the “Amended Bylaws”), effective as of such date.”
Governance Changes
EASTERN CO: Board amended and restated bylaws to enhance shareholder rights, eliminate executive committee requirement, reduce special meeting threshold, and revise procedural mechanics for shareholder proposals and director nominations (effective 2026-02-25).
“On February 25, 2026, the Board amended and restated the Amended and Restated Bylaws of the Company (as amended and restated, the “Amended Bylaws”), effective as of such date.”
Debt Financings
EASTERN CO incurred revolving credit of $100 million with Citizens Bank, N.A. at term SOFR plus an applicable margin varying from 1.375% to 2.125% maturing October 28, 2030.
“loans, swing line loans and letters of credit, at any time and from time to time during the term of the Credit Agreement. The Credit Agreement provides the Company with a $100 million five-year senior secured revolving credit facility. Under the revolving credit facility, up to $5 million is available for letters of credit and up to $5 million is available for”
Restructurings & Charges
EASTERN CO announced a restructuring with charges of approximately $1.0 million.
“In connection with the reduction in force, the Company estimates that it will incur aggregate charges of approximately $1.0 million, which will be recorded primarily in the 2 nd quarter of 2025, related to severance payments and other employee-related costs, and contract termination costs.”
Chan W. Galbato was elected as Director at EASTERN CO.
“On April 30, the Board of Directors (the “Board”) of The Eastern Company (the “Company”) increased size of the Board from seven members to eight members and elected Mr. Chan W. Galbato to fill the resulting vacancy, effective May 1, 2025.”
Debt Financings
EASTERN CO amended credit facility of $50 million with TD Bank, N.A..
“increases the total revolving commitment under the Credit Agreement to $50 million from $30 million”
Ryan Schroeder was appointed as Chief Executive Officer at EASTERN CO.
“On November 4, 2024, the Company appointed Ryan Schroeder to serve as the Company’s Chief Executive Officer, effective November 6, 2024.”
Mark A. Hernandez resigned as Chief Executive Officer at EASTERN CO.
“Mark A. Hernandez resigned as Chief Executive Officer of The Eastern Company (the "Company"), and from service on the Board of Directors of the Company (the "Board") and all other officer, director, trustee, fiduciary and other positions with the Company and its subsidiaries and affiliates, effective as of the Separation Date.”
Earnings Releases
EASTERN CO reported first fiscal quarter ended March 30, 2024 results: revenue $67.9 million, net income $1.9 million, EPS $0.31 per diluted share.
“commercial vehicle customers while driving revenue growth and profitability gains.” First Quarter 2024 Financial Results Net sales in the first quarter of 2024 decreased 6% to $67.9 million from $72.5 million in the corresponding period in 2023. Sales declined in the first quarter of 2024 primarily due to lower demand for truck accessories and returnable transport”
Shareholder Votes
EASTERN CO shareholders approved Ratification of appointment of Fiondella, Milone & LaSaracina LLP as independent registered public accounting firm to audit the Company and subsidiaries consolidated financial statements for fiscal year 2024 at the 2024-04-25 meeting.
“Ratification of appointment of Fiondella, Milone & LaSaracina LLP as independent registered public accounting firm to audit the Company and subsidiaries consolidated financial statements for fiscal year 2024. 5,580,535 85,155 9,821”
Shareholder Votes
EASTERN CO shareholders approved Non-binding advisory vote to approve executive compensation at the 2024-04-25 meeting.
“Non-binding advisory vote to approve executive compensation. 4,833,148 121,189 28,738”
Shareholder Votes
EASTERN CO shareholders approved Election of directors for a one-year term expiring in the year 2025 at the 2024-04-25 meeting.
“Election of Fredrick D. DiSanto as a director for a one-year term expiring in the year 2025: 4,825,034 66,560 91,481”
Earnings Releases
EASTERN CO reported financial results for the fourth fiscal quarter and full year ended December 30, 2023.
“Press Release dated March 12, 2024, announcing the fourth quarter and full year earnings for 2023 is attached hereto.”
Earnings Releases
EASTERN CO reported third fiscal quarter ended September 30, 2023 results: revenue $65.6 million, EPS $0.49 per share.
“Net sales in the third quarter of 2023 decreased 8% to $65.6 million from $71.6 million in the corresponding period in 2022.”
Earnings Releases
EASTERN CO reported the second fiscal quarter ended July 1, 2023 results: revenue $68.3 million, net income $1.4 million, EPS $0.22 per diluted share.
“Net sales in the second quarter of 2023 decreased 2% to $68.3 million from $69.5 million in the corresponding period in 2022.”
Earnings Releases
EASTERN CO reported first fiscal quarter ended April 1, 2023 results: revenue $72.5 million, net income $0.6 million, EPS $0.10 per diluted share.
“Net sales in the first quarter of 2023 increased 5% to $72.5 million from $69.0 million in the corresponding period in 2022.”
Debt Financings
EASTERN CO incurred credit facility of $90 million five-year senior secured credit facility consisting of a $60 million term loan and a $30 million revolving c with TD Bank, N.A., as Administrative Agent at prime rate or SOFR plus a specified margin; currently 2.375% for SOFR rate loans maturing June 16, 2028.
“The Credit Agreement provides the Company, as Borrower, with a $90 million five-year senior secured credit facility consisting of a $60 million term loan and a $30 million revolving credit facility.”
Material Agreements
EASTERN CO terminated Existing Credit Agreement with Santander Bank, N.A., for itself, M&T Bank, National Association, and TD Bank, N.A. as lenders (effective 2023-06-16).
“On June 16, 2023, the Company repaid the approximately $60 million LIBOR note outstanding under its existing August 30, 2019 Credit Agreement with Santander Bank, N.A., for itself, M&T Bank, National Association, and TD Bank, N.A. as lenders (the “Existing Credit Agreement”) and terminated the Existing Credit Agreement and the related Pledge and Security Agreement, dated August 30, 2019 (the “Existing Security Agreement”), with Santander Bank, N.A., as administrative agent.”
Material Agreements
EASTERN CO entered into Credit Agreement with lenders signatory thereto, and TD Bank, N.A., as Administrative Agent valued at $90 million (effective 2023-06-16).
“On June 16, 2023, The Eastern Company (“the Company”) entered into a Credit Agreement (the “Credit Agreement”) and a related Security Agreement (the “Security Agreement”) and related ancillary agreements with certain Lenders signatory thereto, and TD Bank, N.A., as Administrative Agent. The Credit Agreement provides the Company, as Borrower, with a $90 million five-year senior secured credit facility consisting of a $60 million term loan and a $30 million revolving credit facility.”
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).
“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”
Shareholder Votes
EASTERN CO shareholders approved Ratification of appointment of Fiondella, Milone & LaSaracina LLP as independent registered public accounting firm at the 2023-04-25 meeting.
“4) Ratification of appointment of Fiondella, Milone & LaSaracina LLP as independent registered public accounting firm to audit the Company and subsidiaries consolidated financial statements for fiscal year 2023. 5,441,009 70,667 3,797”
Shareholder Votes
EASTERN CO shareholders approved Frequency of future advisory votes on executive compensation at the 2023-04-25 meeting.
“3) Frequency of future advisory votes on executive compensation. 3,834,827 3,333 410,344 16,223”
Shareholder Votes
EASTERN CO shareholders approved Non-binding advisory vote to approve executive compensation at the 2023-04-25 meeting.
EASTERN CO shareholders approved Election of Fredrick D. DiSanto, John W. Everets, Charles W. Henry, James A. Mitarotonda, Peggy B. Scott, Michael J. Mardy, and Mark A. Hernandez as directors for a one-year term expiring in the year 2024 at the 2023-04-25 meeting.
“Election of Fredrick D. DiSanto as a director for a one-year term expiring in the year 2024: 4,096,786 91,421 76,520 Election of John W. Everets as a director for a one-year term expiring in the year 2024: 4,171,897 86,015 6,815 Election of Charles W. Henry as a director for a one-year term expiring in the year 2024: 3,987,592 170,316 106,819 Election of James A. Mitarotonda as a director for a one-year term expiring in the year 2024: 4,109,806 78,542 76,379 Election of Peggy B. Scott as a director for a one-year term expiring in the year 2024: 4,193,789 68,723 2,215 Election of Michael J. Mardy as a director for a one-year term expiring in the year 2024: 4,185,125 76,904 2,698 Election of Mark A. Hernandez as a director for a one-year term expiring in the year 2024: 4,192,794 65,885 6,048”
James Woidke resigned as Chief Operating Officer at EASTERN CO.
“On March 21, 2023, James Woidke resigned as Chief Operating Officer of The Eastern Company (the “Company”).”
Earnings Releases
EASTERN CO reported the fiscal year ended December 31, 2022 results: revenue $279.3 million, net income $11.1 million, EPS $1.77 per diluted share.
“CONTINUING OPERATIONS INCREASED 13% · Strong demand across core markets, combined with superb execution by our teams, drove growth in net sales from continuing operations to $279.3 million in 2022, an increase of 13% compared to net sales from continuing operations in 2021. · To streamline our portfolio of businesses and build scale in our largest businesses, we”
Earnings Releases
EASTERN CO reported the fourth quarter ended December 31, 2022 results: revenue $69.1 million, net income $0.2 million, EPS $0.03 per diluted share.
“compared to 2021 while price increases and new products increased net sales in 2022 by 6%. Net sales from continuing operations in the fourth quarter of 2022 increased 16% to $69.1 million from $59.6 million in the fourth quarter of 2021. Sales volume of existing products increased net sales by 11%, while price increases and new products contributed 5% in sales”
Nicholas Vlahos was appointed as Vice President and Chief Financial Officer at EASTERN CO.
“On January 26, 2023, the Company announced that Nicholas Vlahos, age 41, has been appointed as Vice President and Chief Financial Officer of the Company effective as of the close of business on February 3, 2023.”
Peter O'Hara resigned as Vice President and Chief Financial Officer at EASTERN CO.
“On January 26, 2023, The Eastern Company (the “Company”) announced that, on January 22, 2023, Peter O’Hara notified the Company of his resignation from his office as Vice President and Chief Financial Officer of the Company, effective as of the close of business on February 3, 2023, to pursue other opportunities.”
Nicholas Vlahos was appointed as Vice President and Chief Financial Officer at EASTERN CO.
“Nicholas Vlahos, age 41, has been appointed as Vice President and Chief Financial Officer of the Company effective as of the close of business on February 3, 2023.”
Peter O’Hara resigned as Vice President and Chief Financial Officer at EASTERN CO.
“Peter O’Hara notified the Company of his resignation from his office as Vice President and Chief Financial Officer of the Company, effective as of the close of business on February 3, 2023, to pursue other opportunities.”
August Vlak resigned as Chief Executive Officer at EASTERN CO.
“Mr. Vlak resigned as a member of the Board of Directors of the Company and from all other officer, director, trustee, fiduciary and other positions with the Company and its subsidiaries and affiliates, effective as of January 23, 2023.”
Mark Hernandez was appointed as Chief Executive Officer at EASTERN CO.
“appointed Mark Hernandez, a member of its Board of Directors since June 2022, to serve as the Company’s Chief Executive Officer, effective January 23, 2023”
Mark Hernandez was appointed as Chief Executive Officer at EASTERN CO.
“On January 9, 2023, The Eastern Company (the “Company”) appointed Mark Hernandez as its next Chief Executive Officer, to succeed August (Gus) Vlak, who has served as Chief Executive Officer since 2016, effective January 23, 2023.”
August Vlak departed as Chief Executive Officer at EASTERN CO.
“On January 9, 2023, The Eastern Company (the “Company”) appointed Mark Hernandez as its next Chief Executive Officer, to succeed August (Gus) Vlak, who has served as Chief Executive Officer since 2016, effective January 23, 2023.”
Earnings Releases
EASTERN CO reported the third fiscal quarter ended October 1, 2022 results: revenue $71.6 million, net income $4.5 million, EPS $0.72.
“Net sales from continuing operations grew to a new record of $71.6 million in the third quarter of 2022, an increase of 12% compared to net sales from continuing operations in the third quarter of 2021.”
Michael Mardy was appointed as Director at EASTERN CO.
“on that date appointed Mr. Mark Hernandez and Mr. Michael Mardy (the “New Directors”) to fill an existing vacancy and the vacancy resulting from the increase in the size of the Board, effective July 25, 2022.”
Mark Hernandez was appointed as Director at EASTERN CO.
“on that date appointed Mr. Mark Hernandez and Mr. Michael Mardy (the “New Directors”) to fill an existing vacancy and the vacancy resulting from the increase in the size of the Board, effective July 25, 2022.”
Michael Mardy was appointed as Director at EASTERN CO.
“The Board of Directors (the “Board”) of The Eastern Company (the “Company”) determined to increase the size of the Board from seven members to eight members on June 13, 2022, and on that date appointed Mr. Mark Hernandez and Mr. Michael Mardy (the “New Directors”) to fill an existing vacancy and the vacancy resulting from the increase in the size of the Board.”
Mark Hernandez was appointed as Director at EASTERN CO.
“The Board of Directors (the “Board”) of The Eastern Company (the “Company”) determined to increase the size of the Board from seven members to eight members on June 13, 2022, and on that date appointed Mr. Mark Hernandez and Mr. Michael Mardy (the “New Directors”) to fill an existing vacancy and the vacancy resulting from the increase in the size of the Board.”
Peter O'Hara was appointed as Chief Financial Officer at EASTERN CO.
“Peter O’Hara, age 56, has been appointed as Chief Financial Officer of the Company effective May 16, 2022.”
John L. Sullivan III departed as Vice President and Chief Finance Officer at EASTERN CO.
“John L. Sullivan III will retire from his office as Vice President and Chief Finance Officer of the Company effective at the close of business on May 15, 2022.”
Michael McManus departed as Director at EASTERN CO.
“On December 15, 2021, The Eastern Company (the “Company”) received notice that one of its directors, Michael McManus intends to retire on December 31, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.