SEC Filing Summary: The Eastern Company (8-K)
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 29, 2020. The company is incorporated in Connecticut and maintains its principal executive offices in Naugatuck, Connecticut.
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 results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Director Elections: All seven nominees were elected for one-year terms expiring in 2020.
- Fredrick D. DiSanto: 3,879,377 For / 953,953 Withheld
- John W. Everets: 4,656,339 For / 176,991 Withheld
- Charles W. Henry: 4,654,177 For / 179,153 Withheld
- Michael A. McManus Jr.: 4,727,469 For / 105,861 Withheld
- James A. Mitarotonda: 4,668,642 For / 164,688 Withheld
- Peggy B. Scott: 4,728,440 For / 104,890 Withheld
- August M. Vlak: 4,683,463 For / 149,867 Withheld
- Stock Incentive Plan: The 2020 Stock Incentive Plan was approved and adopted with 3,570,790 For, 1,240,622 Against, and 21,918 Abstain.
- Executive Compensation: The non-binding advisory vote to approve named executive officer compensation passed with 4,745,394 For, 60,799 Against, and 27,137 Abstain.
- Auditor Ratification: The appointment of Fiondella, Milone & LaSaracina LLP as the independent registered public accounting firm was ratified with 5,602,836 For, 92,558 Against, and 36,188 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each proposal.
- Review the specific terms of the newly approved 2020 Stock Incentive Plan in the company's proxy statement.
- Confirm the tenure and background of the newly elected directors, particularly Fredrick D. DiSanto who received a higher number of withheld votes compared to other nominees.