Eastern Co. Reports Executive Compensation, Director Changes
Ticker: EML · Form: 8-K · Filed: May 16, 2024 · CIK: 31107
Sentiment: neutral
Topics: executive-compensation, corporate-governance, director-changes
TL;DR
Eastern Co. filed an 8-K detailing executive pay changes and director updates.
AI Summary
On May 15, 2024, The Eastern Company announced changes in its executive compensation arrangements. The filing also reported the election of new directors and the departure of existing ones. Specific details regarding the compensatory arrangements for certain officers were also disclosed.
Why It Matters
Changes in executive compensation and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive compensation disclosures, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- The Eastern Company (company) — Registrant
- May 15, 2024 (date) — Date of earliest event reported
- Connecticut (location) — State of Incorporation
- Shelton, Connecticut (location) — Principal Executive Offices
FAQ
What specific changes were made to executive compensation arrangements?
The filing indicates that compensatory arrangements of certain officers were disclosed, but the specific details of these changes are not elaborated upon in the provided text.
Who are the newly elected directors?
The filing mentions the election of directors but does not name the individuals elected in the provided text.
Which directors have departed from the board?
The filing notes the departure of directors but does not specify their names in the provided text.
What is the principal business of The Eastern Company?
The Eastern Company is in the CUTLERY, HANDTOOLS & GENERAL HARDWARE industry, SIC code 3420.
When was the report filed?
The report was filed as of May 16, 2024, with the earliest event reported on May 15, 2024.
Filing Stats: 622 words · 2 min read · ~2 pages · Grade level 15.5 · Accepted 2024-05-15 18:45:39
Filing Documents
- eml_8k.htm (8-K) — 26KB
- eml_ex101.htm (EX-10.1) — 64KB
- eml_ex102.htm (EX-10.2) — 60KB
- 0001654954-24-006443.txt ( ) — 299KB
- eml-20240515.xsd (EX-101.SCH) — 6KB
- eml-20240515_lab.xml (EX-101.LAB) — 14KB
- eml-20240515_cal.xml (EX-101.CAL) — 1KB
- eml-20240515_pre.xml (EX-101.PRE) — 9KB
- eml-20240515_def.xml (EX-101.DEF) — 2KB
- eml_8k_htm.xml (XML) — 4KB
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits (d) Exhibits Exhibit No. Title 10.1 Award Agreement – Performance-Based Stock Awards 10.2 Award Agreement – Non-Qualified Stock Options 104 Cover Page Interactive Data File (cover page iXBRL tags are embedded within the inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, The Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. The Eastern Company Date: May 15, 2024 By: /s/Nicholas Vlahos Nicholas Vlahos Chief Financial Officer 3