SEC Filing Summary: The Eastern Company (EML)
Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of shareholders held by The Eastern Company on April 25, 2024. The company is incorporated in Connecticut and trades on the NASDAQ Global Market under the symbol EML.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
Shareholders voted on three primary matters. All proposals were approved by a significant majority of votes cast.
- Director Elections: Seven directors were elected to one-year terms expiring in 2025.
- Fredrick D. DiSanto: 4,825,034 For / 66,560 Against
- John W. Everets: 4,923,130 For / 54,384 Against
- Charles W. Henry: 4,374,085 For / 495,504 Against
- James A. Mitarotonda: 4,835,210 For / 56,384 Against
- Peggy B. Scott: 4,946,353 For / 35,791 Against
- Michael J. Mardy: 4,948,456 For / 33,688 Against
- Mark A. Hernandez: 4,944,533 For / 31,399 Against
- Executive Compensation: The non-binding advisory vote to approve executive compensation received 4,833,148 votes For and 121,189 votes Against.
- Auditor Ratification: Shareholders ratified the appointment of Fiondella, Milone & LaSaracina LLP as the independent registered public accounting firm for fiscal year 2024 with 5,580,535 votes For and 85,155 votes Against.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on outlook, specific risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each director.
- Review the full proxy statement for details on the executive compensation plan approved by shareholders.
- Confirm the independence and qualifications of the newly ratified auditor, Fiondella, Milone & LaSaracina LLP.
- Check subsequent filings (10-K or 10-Q) for the financial metrics absent from this 8-K.