Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 26, 2023, The Eastern Company (the "Company") announced that, on
January 22, 2023, Peter O'Hara notified the Company of his resignation from his
office as Vice President and Chief Financial Officer of the Company, effective
as of the close of business on February 3, 2023, to pursue other opportunities.
On January 26, 2023, the Company announced that Nicholas Vlahos, age 41, has
been appointed as Vice President and Chief Financial Officer of the Company
effective as of the close of business on February 3, 2023. Mr. Vlahos will serve
as the principal accounting officer and the principal financial officer of the
Company. Mr. Vlahos joined the Company in 2017 as Treasurer and, since 2022, has
served as Vice President of Finance, Treasurer and Secretary. Prior to joining
the Company, Mr. Vlahos served as Director of Finance, Accounting and Human
Resources at Fischer Technology, Inc. Compensation arrangements with respect to
Mr. Vlahos' promotion to Chief Financial Officer have not yet been determined.
When determined, the Company will promptly amend this Current Report on Form 8-K
to provide the compensation information required by this item.
There are no arrangements or understanding between Mr. Vlahos and any other
persons pursuant to which he was selected as an officer. Mr. Vlahos has no
family relationships with any of the Company's directors or executive officers
and has no direct or indirect material interest in any transaction required to
be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 7.01. Regulation FD Disclosure.
On January 26, 2023, the Company issued a press release announcing the
resignation of Mr. O'Hara and the appointment of Mr. Vlahos as Vice President
and Chief Financial Officer of the Company. A copy of the press release is
furnished herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Title
99.1 Press Release dated January 26, 2023.
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