Business Context and Reporting Period
This Form 8-K filing by The Eastern Company (Eastern Co) reports on the results of its annual meeting of shareholders held on May 1, 2019. The filing serves as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report regarding shareholder voting results and does not contain financial performance data.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The primary event reported is the completion of the annual shareholder vote.
Shareholder Voting Results and Governance
The following matters were submitted to a vote of security holders:
- Election of Directors: Seven directors were elected for one-year terms expiring in 2020. All nominees received significant majority support:
- Fredrick D. DiSanto: 4,217,399 For / 500,575 Withheld
- John W. Everets: 4,586,062 For / 131,912 Withheld
- Charles W. Henry: 4,589,015 For / 128,959 Withheld
- Michael A. McManus Jr.: 4,592,247 For / 125,727 Withheld
- James A. Mitarotonda: 4,586,083 For / 131,891 Withheld
- Peggy B. Scott: 4,615,467 For / 102,507 Withheld
- August M. Vlak: 4,612,848 For / 105,126 Withheld
- Executive Compensation: A non-binding advisory vote to approve named executive officer compensation passed with 4,621,366 For, 66,910 Against, and 29,698 Abstain.
- Auditor Ratification: The appointment of Fiondella, Milone & LaSaracina LLP as the independent registered public accounting firm was ratified with 5,634,099 For, 85,478 Against, and 23,061 Abstain.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes cast versus shares held.
- Confirm the specific term expiration dates for the newly elected directors (stated as 2020).
- Review the company's proxy statement for detailed biographies of the elected directors and the rationale behind the executive compensation package.
- Check subsequent filings for the company's next financial report (10-Q or 10-K) to obtain the missing financial metrics.