EASTERN CO
For the period ended Dec 30, 2023. Filed Mar 12, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 12, 2024
EML$29.48+8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Exhibit Index
| Exhibit No. | Description |
| 3.1 | Restated Certificate of Incorporation of the Company (conformed copy) (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 28, 2020 (SEC File No. 001-35383) filed on May 6, 2020). |
| 3.2 | Amended and Restated By-Laws of the Company, as Amended through March 11, 2022 (incorporated herein by reference to Exhibit 3(ii) to the Company’s Current Report on Form 8-K (SEC File No. 001-35383) filed on March 11, 2022). |
| 4 | Description of Securities (incorporated by reference to Exhibit 4 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 28, 2020 (SEC File No. 001-35383) filed on May 6, 2020). |
| 10.1* | Amended and Restated Employment Agreement, dated as of November 14, 2023, between the Company and Mark Anthony Hernandez (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K (SEC File No. 001-35383), filed November 15, 2023). |
| 10.2* | Amended and Restated Employment Agreement, dated as of January 1, 2018, between the Company and August M. Vlak (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K (SEC File No. 001-35383), filed January 22, 2018. |
| 10.3* | Offer Letter, dated February 1, 2023, between the Company and Nicholas Vlahos (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K/A (SEC File No. 001-35383), filed February 6, 2023). |
| 10.4* | Severance Agreement, dated as of February 1, 2023, between the Company and Nicholas Vlahos (incorporated herein by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K (SEC File No. 001-35383), filed February 6, 2023). |
| 10.5* | The Company’s Directors’ Fee Program, effective as of October 1, 1996 (incorporated herein by reference to Exhibit 4(a) to the Company’s Registration Statement on Form S-8, as amended (SEC File No. 333-21351) filed on February 7, 1997). |
| 10.6* | The Company’s 2020 Executive Stock Incentive Plan, effective February 19, 2020 (incorporated herein by reference to Exhibit 99.1 to the Company’s Registration Statement on Form S-8 (SEC File No. 333-238565), filed on May 21, 2020). |
| 10.7 | Credit Agreement dated as of June 16, 2023 among the Company as Borrower, the Lenders signatory thereto and TD Bank, N.A., as the administrative agent (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K (SEC File No. 001-35383), filed on June 20, 2023). |
| 10.8 | Pledge and Security Agreement, dated as of June 16, 2023 among the Company, certain of its subsidiaries (as grantors), and TD Bank, N.A., as administrative agent for the benefit of the Secured Creditors (as defined therein) (incorporated herein by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K (SEC File No. 001-35383), filed on June 20, 2023). |
| 10.9* | Form of The Eastern Company Stock Award Agreement (filed herewith) |
| 21 | Subsidiaries of the Company (filed herewith). |
| 23 | Consent of Fiondella, Milone & LaSaracina LLP (filed herewith). |
| 31 | Rule 13a-14(a) Certification of Chief Executive Officer and Chief Financial Officer of the Company in accordance with Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith). |
| 32 | Section 1350 Certification of Chief Executive Officer and Chief Financial Officer of the Company in accordance with Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith). |
| 97 | The Eastern Company Clawback Policy in the Event of a Financial Restatement (filed herewith). |
| 101 | The following materials from the Company’s Annual Report on Form 10-K for the year ended December 30, 2023, formatted in Inline Extensible Business Reporting Language (iXBRL): (i) the Consolidated Balance Sheets as of December 30, 2023 and December 31, 2022; (ii) the Consolidated Statements of Income for the fiscal years ended December 30, 2023 and December 31, 2022; (iii) the Consolidated Statements of Comprehensive Income for the fiscal years ended December 30, 2023 and December 31, 2022; (iv) the Consolidated Statements of Shareholders’ Equity for the fiscal years ended December 30, 2023 and December 31, 2022; (v) the Consolidated Statements of Cash Flows for the fiscal years ended December 30, 2023 and December 31, 2022; and (vi) the Notes to the Consolidated Financial Statements (filed herewith). |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). |
- Management contract, compensatory plan or arrangement.
The Eastern Company and Subsidiaries
Schedule II – Valuation and Qualifying accounts
| COL. A · COL. B · COL. C · COL. D · COL. E | |||||
|---|---|---|---|---|---|
| ADDITIONS | |||||
| Description | Balance at Beginningof Period | (1)Charged to Costsand Expenses | (2)Charged to OtherAccounts-Describe | Deductions –Describe | Balance at Endof Period |
| Fiscal year ended December 30, 2023:Deducted from asset accounts:Allowance for doubtful accounts | $676,678 | $51,270 | $0 | $-163,132(a) | $564,816 |
| Fiscal year ended December 31, 2022:Deducted from asset accounts:Allowance for doubtful accounts | $515,000 | $629,000 | $0 | $-467,000(a) | $677,000 |
(a) Uncollectible accounts written off, net of recoveries.
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