SEC Filing Summary: The Eastern Company (8-K)
Business Context and Reporting Period
This Form 8-K Current Report, dated April 26, 2022, discloses the results of The Eastern Company's annual meeting of shareholders held on that date. The company is incorporated in Connecticut and trades on the NASDAQ Global Market under the symbol EML.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report is limited to corporate governance voting results.
Material Changes and Voting Results
The filing details the outcomes of three shareholder proposals:
- Director Elections: Six directors were elected for one-year terms expiring in 2023. All candidates received majority support:
- Fredrick D. DiSanto: 4,200,576 For / 409,099 Withheld
- John W. Everets: 4,461,249 For / 148,426 Withheld
- Charles W. Henry: 4,114,853 For / 494,822 Withheld
- James A. Mitarotonda: 4,456,951 For / 152,724 Withheld
- Peggy B. Scott: 4,531,662 For / 78,013 Withheld
- August M. Vlak: 4,525,243 For / 84,432 Withheld
- Executive Compensation: The non-binding advisory vote to approve named executive officer compensation passed with 4,493,330 For, 90,033 Against, and 26,312 Abstain.
- Auditor Ratification: Shareholders ratified the appointment of Fiondella, Milone & LaSaracina LLP as the independent registered public accounting firm for fiscal year 2022 with 5,590,172 For, 85,416 Against, and 9,258 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of voting results.
Key Facts for Investor Verification
- Confirm the total number of shares outstanding to calculate the percentage of votes cast for each director and proposal.
- Verify the specific term expiration dates for the newly elected directors (stated as 2023).
- Review the company's subsequent filings (e.g., 10-K or 10-Q) for the financial metrics absent in this 8-K.
- Note the relatively high number of withheld votes for Fredrick D. DiSanto and Charles W. Henry compared to other directors.