Filing Analysis
The Eastern Company (EML) filed an 8-K to announce its second quarter 2026 earnings results via a press release. This is a routine regulatory filing for public companies reporting quarterly performance.
📋 Key Facts
- Report date: August 11, 2026
- Event type: Announcement of Q2 2026 earnings results
- Exhibits included: Press release (Exhibit 99.1) and Cover Page Interactive Data File (Exhibit 104)
The Eastern Company announced the acquisition of two entities, Sungear and Crown Precision, on June 2, 2026. The filing serves as a Regulation FD disclosure to notify the public of these acquisitions via an attached press release.
📋 Key Facts
- Acquisition of Sungear and Crown Precision announced on June 2, 2026.
- The filing is categorized under Item 7.01 (Regulation FD Disclosure).
- The announcement was made via a press release (Exhibit 99.1).
The Eastern Company (EML) announced its first quarter 2026 financial results on May 12, 2026. The filing serves as a formal disclosure of the company's earnings performance for the period ending March 2026.
📋 Key Facts
- The company reported first quarter 2026 earnings on May 12, 2026.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
- Nicholas Vlahos, Chief Financial Officer, signed the report.
The Eastern Company announced new committee assignments for its Board of Directors following the 2026 Annual Meeting of Shareholders. The update covers five committees, including Audit, Compensation, and Capital Allocation.
📋 Key Facts
- Board approved committee assignments on May 6, 2026, effective immediately following the Annual Meeting.
- Peggy B. Scott was named Chair of the Audit Committee and the Environmental Health & Safety Committee.
- Frederick DiSanto was named Chair of the Compensation Committee and the Nominating and Corporate Governance Committee.
- John W. Everets was named Chair of the Capital Allocation and Investment Committee.
- Other directors assigned to committees include Chan Galbato and James Mitarotonda.
The Eastern Company reported the results of its 2026 Annual Meeting of Shareholders held on May 6, 2026. Shareholders elected six directors, approved executive compensation on an advisory basis, and ratified the appointment of the independent auditor for the 2026 fiscal year.
📋 Key Facts
- Annual Meeting held on May 6, 2026.
- Six directors elected for one-year terms expiring in 2027: Frederick D. DiSanto, John W. Everets, Chan Galbato, James Mitarotonda, Peggy B. Scott, and Ryan A. Schroeder.
- Advisory vote on executive compensation passed with 4,502,006 votes in favor.
- Ratification of Fiondella, Milone & LaSaracina LLP as the independent auditor for fiscal year 2026 with 5,419,010 votes in favor.
The Eastern Company filed an amended 8-K to include omitted bylaws and disclose governance changes. Key updates include the retirement of two directors, a reduction in board size, and several amendments to the company's bylaws regarding shareholder rights and meeting procedures.
📋 Key Facts
- Directors Charles W. Henry and Michael J. Mardy will retire and not stand for re-election at the 2026 Annual Meeting.
- The Board is reducing its size from eight to six directors, effective at the 2026 Annual Meeting.
- Bylaw amendments reduced the supermajority vote requirement for shareholder amendments from 75% to a simple majority.
- The ownership threshold to call a special meeting of shareholders was reduced from 35% to 25%.
- New procedural safeguards for special meetings were implemented, including a one-year continuous ownership requirement.
- The notice window for shareholder business proposals/director nominations was adjusted to 90-120 days before the anniversary of the prior year's annual meeting.
The Eastern Company (EML) announced its financial results for the fourth quarter and full year ended 2025. The filing serves as a formal disclosure of the earnings press release under Items 2.02 and 7.01.
📋 Key Facts
- Announced Q4 and full year 2025 earnings on March 3, 2026.
- Filed under Item 2.02 (Results of Operations) and Item 7.01 (Regulation FD Disclosure).
- The report was signed by Nicholas Vlahos, Chief Financial Officer.
The Eastern Company announced the retirement of two directors and a reduction in board size from eight to six members. Additionally, the company implemented significant bylaw amendments that lower shareholder voting thresholds for amendments and special meetings while adding new procedural requirements.
🚩 Red Flags
- Reduction in board size from eight to six may limit the diversity of oversight or committee bandwidth.
- New procedural safeguards for special meetings, such as the one-year continuous ownership requirement, add hurdles for activist shareholders.
📋 Key Facts
- Directors Charles W. Henry and Michael J. Mardy will retire at the 2026 Annual Meeting of Shareholders.
- The Board of Directors will be reduced from eight to six members effective at the 2026 Annual Meeting.
- Shareholder threshold to amend bylaws was reduced from a 75% supermajority to a simple majority.
- The ownership threshold to call a special meeting was reduced from 35% to 25%, but now requires a one-year continuous holding period.
- Bylaws were updated to align with SEC Rule 14a-19 (universal proxy rules) and clarify that the Chairman is not an officer position.
The Eastern Company (EML) filed an 8-K to announce its third quarter 2025 earnings results. The filing serves as a formal disclosure of quarterly financial performance via a press release.
📋 Key Facts
- Report date: November 4, 2025
- Reporting period: Third Quarter 2025
- The company released its earnings results through a press release (Exhibit 99.1)
- Filed under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
The Eastern Company entered into a new $100 million five-year senior secured revolving credit facility with Citizens Bank, N.A. as administrative agent. The company used approximately $36 million of the new facility to repay and terminate its previous $110 million credit agreement with TD Bank.
🚩 Red Flags
- None identified; this appears to be a standard refinancing/liquidity optimization move.
📋 Key Facts
- Entered into a $100 million five-year senior secured revolving credit facility on October 28, 2025.
- The facility includes up to $5 million for letters of credit and up to $5 million for swing line loans.
- Interest rates are based on term SOFR plus a margin ranging from 1.375% to 2.125%.
- Financial covenants include a Senior Net Leverage Ratio not to exceed 3.50:1 (with a temporary step-up to 4.00:1 for acquisitions) and an interest coverage ratio of at least 3.00:1.
- The new facility was used to repay $36 million in outstanding obligations from the prior credit agreement, which had a total size of $110 million (comprising a $60M term loan and $50M revolver).
- The company did not incur early termination penalties for exiting the TD Bank agreement.
The Eastern Company (EML) has filed an 8-K to announce its second quarter 2025 earnings results via a press release. The filing serves as a formal disclosure of the company's quarterly financial performance and regulatory compliance.
📋 Key Facts
- Date of report: August 5, 2025
- The filing includes a press release announcing Q2 2025 earnings results (Exhibit 99.1).
- Compliance with Item 7.01 (Regulation FD Disclosure) regarding the dissemination of non-public information.
- Signed by Nicholas Vlahos, Chief Financial Officer.
The Eastern Company has announced a reduction in force aimed at reducing annual operating costs by approximately $4.0 million. The company expects to incur one-time charges of roughly $1.0 million related to severance and contract terminations, primarily in Q2 2025.
🚩 Red Flags
- One-time restructuring charge of $1.0 million may impact near-term earnings.
- Potential adverse impact on development activities due to workforce reduction.
- Uncertainty regarding actual results vs. estimates (forward-looking statement risk).
📋 Key Facts
- Reduction in force (RIF) commenced on May 28, 2025.
- Expected annual operating cost savings: ~$4.0 million.
- Estimated aggregate charges related to RIF: ~$1.0 million.
- Charges expected to be recorded primarily in Q2 2025.
- Costs include severance payments and contract termination costs.
The Eastern Company (EML) filed an 8-K to announce its first quarter earnings results for the fiscal year 2025. The filing serves as a formal disclosure of quarterly financial performance via a press release.
📋 Key Facts
- Report date: May 6, 2025
- Reporting period: First Quarter 2025
- The company released earnings results through a press release (Exhibit 99.1)
- Filed under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
The Eastern Company announced a reorganization of its Board of Directors committee assignments, effective May 1, 2025. The filing details new leadership roles and memberships across six various committees including Audit, Compensation, and Capital Allocation.
📋 Key Facts
- Effective date of changes: May 1, 2025
- Reorganization involves assignments to the Executive, Audit, Compensation, Nominating and Corporate Governance, Capital Allocation and Investment, and Environmental Health & Safety committees.
- James Mitarotonda appointed Chairman of the Executive Committee.
- Michael Mardy appointed Chairman of the Audit Committee.
- Fredrick DiSanto appointed Chairman of the Compensation Committee.
- Charles W. Henry appointed Chairman of the Nominating and Corporate Governance Committee.
- John Everets appointed Chairman of the Capital Allocation and Investment Committee.
- Peggy B. Scott appointed Chairperson of the Environmental Health & Safety Committee.
The Eastern Company (EML) announced the expansion of its Board of Directors from seven to eight members with the election of Mr. Chan W. Galbato, effective May 1, 2025.
📋 Key Facts
- Board size increased from seven to eight members.
- Mr. Chan W. Galbato elected to fill the vacancy, effective May 1, 2025.
- Mr. Galbato will serve on the Audit Committee and the Capital Allocation and Investment Committee.
- The Board determined Mr. Galbato is an independent director with no material relationship to the Company.
- Compensation for Mr. Galbato will follow standard non-employee director compensation as outlined in the March 12, 2025 Proxy Statement.
The Eastern Company held its annual meeting of shareholders on April 30, 2025. The filing reports the results of various shareholder votes, including director elections and auditor ratification.
🚩 Red Flags
- Significant 'Against' vote on executive compensation (approximately 23% against), which may indicate shareholder dissatisfaction with pay structures.
📋 Key Facts
- Annual meeting of shareholders held on April 30, 2025.
- Seven directors were elected to one-year terms expiring in 2026: Fredrick D. DiSanto, John W. Everets, Charles W. Henry, James A. Mitarotonda, Peggy B. Scott, Michael J. Mardy, and Ryan A. Schroeder.
- A non-binding advisory vote (Say-on-Pay) regarding executive compensation was held; 3,745,260 votes in favor vs. 1,118,875 against.
- Shareholders ratified the appointment of Fiondella, Milone & LaSaracina LLP as independent registered public accounting firm for fiscal year 2025.
The Eastern Company entered into Amendment No. 3 to its existing Credit Agreement on April 4, 2025. The amendment primarily increases the revolving credit commitment and expands certain investment and lease baskets.
🚩 Red Flags
- None identified in this filing.
📋 Key Facts
- Increased total revolving commitment from $30 million to $50 million.
- Decreased maximum aggregate principal amount of incremental commitments from $75 million to $55 million.
- Increased general investments basket limit from $10 million to $25 million, subject to gross leverage ratio conditions.
- Increased capital lease indebtedness basket from $10 million to $15 million.
The Eastern Company (EML) has filed an 8-K to announce its fourth quarter and full year earnings results for the fiscal year 2024. The filing serves as a formal mechanism to release financial performance data via a press release.
📋 Key Facts
- Report date: March 11, 2025
- Subject matter: Fourth quarter and full year 2024 earnings results
- Exhibits include a Press Release (99.1) containing the financial data
- The filing is made pursuant to Items 2.02 and 7.01 of Form 8-K
The Eastern Company announced a leadership transition effective November 4, 2024. CEO Mark A. Hernandez resigned from all positions, and Ryan Schroeder has been appointed as the new CEO, effective November 6, 2024.
🚩 Red Flags
- Sudden departure of a CEO, though noted as not due to disagreement, can create transitional uncertainty in micro-cap environments.
📋 Key Facts
- Mark A. Hernandez resigned as CEO and from the Board of Directors on Nov 4, 2024; resignation was not due to any disagreement with the company.
- Hernandez's severance includes $530,500 in base salary (paid over 12 months), a $140,787 working capital bonus, immediate vesting of 14,800 RSUs, and $47,206.48 in unused vacation pay.
- Ryan Schroeder appointed CEO effective Nov 6, 2024; previously CEO at Plaskolite LLC (2020-2023).
- Schroeder's new compensation includes a $475,000 base salary and target incentive/long-term incentives equal to 75% of base salary.
- Both the departing and incoming executives are subject to 12-month non-compete and non-solicitation covenants.
The Eastern Company (EML) filed an 8-K to announce its third quarter 2024 earnings results via a press release. This is a routine regulatory filing for quarterly performance disclosure.
📋 Key Facts
- Report date: November 5, 2024
- Filing covers Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- The filing serves to attach the Q3 2024 earnings press release as Exhibit 99.1
The Eastern Company (EML) filed an 8-K to announce its second quarter 2024 earnings results via a press release. The filing includes standard Regulation FD disclosures and the associated financial exhibits.
📋 Key Facts
- Report date: August 6, 2024
- Event type: Release of Q2 2024 earnings results
- Exhibits include a press release (99.1) regarding second quarter earnings
The Eastern Company has adopted new forms of executive officer equity award agreements under its 2020 Stock Incentive Plan. These new agreements shift compensation structure toward performance-based metrics, including EBITDA and Return on Invested Capital (ROIC).
📋 Key Facts
- Effective date: May 15, 2024.
- New award forms include performance-based stock awards and non-qualified stock options.
- Performance criteria include EBITDA, return on invested capital (ROIC), and a relative total shareholder return (TSR) multiplier.
- The new agreements eliminate vesting based solely on continued employment, moving toward achievement-based milestones.
The Eastern Company (EML) filed an 8-K to announce its first quarter 2024 financial results via a press release. The filing serves as a standard regulatory disclosure of quarterly earnings performance.
📋 Key Facts
- Report date: May 6, 2024
- Filing date: May 8, 2024
- Content: Announcement of Q1 2024 results via press release (Exhibit 99.1)
- Reporting standard: Regulation FD disclosure regarding earnings release
The Eastern Company held its annual meeting of shareholders on April 25, 2024. The filing reports the results of shareholder votes regarding director elections, executive compensation (Say-on-Pay), and the ratification of the company's independent auditor.
📋 Key Facts
- Annual meeting held on April 25, 2024.
- Seven directors were elected to one-year terms expiring in 2025: Fredrick D. DiSanto, John W. Everets, Charles W. Henry, James A. Mitarotonda, Peggy B. Scott, Michael J. Mardy, and Mark A. Hernandez.
- A non-binding advisory vote on executive compensation was approved with 4,833,148 votes 'FOR'.
- Shareholders ratified the appointment of Fiondella, Milone & LaSaracina LLP as independent registered public accounting firm for fiscal year 2024.
The Eastern Company (EML) filed an 8-K to announce its fourth quarter and full year earnings results for the fiscal year ended December 30, 2023.
📋 Key Facts
- Earnings release date: March 12, 2024
- Reporting period: Fourth quarter and full year 2023
- Earliest event reported: December 30, 2023
- The filing includes a press release (Exhibit 99.1) detailing financial performance.