Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 21, 2023, James Woidke resigned as Chief Operating Officer of The Eastern Company (the "Company"). On March 24, 2023, the Company announced that it had eliminated the position of Chief Operating Officer effective as of April 1, 2023. On April 1, 2023, Mark A. Hernandez, the Company's President and Chief Executive Officer, will assume the duties that were previously the responsibility of Mr. Woidke, and Mr. Woidke will cease to be an employee of the Company as of such date. The Company and Mr. Woidke have agreed to treat Mr. Woidke's departure as a termination by the Company without good reason for purposes of Mr. Woidke's receipt of any accrued compensation and severance pay under Mr. Woidke's termination agreement with the Company, dated January 14, 2022 (the "Termination Agreement"). If Mr. Woidke timely enters into a general release and waiver of claims (and such release and waiver is not revoked), he will be entitled to the benefits provided under Sections 1(b) and 1(c) of that Termination Agreement.

Biographical information for Mr. Hernandez can be found in the Company's proxy statement for its 2023 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on March 14, 2023.

Item 7.01. Regulation FD Disclosure.

On March 24, 2023, the Company issued a press release announcing the departure of Mr. Woidke. A copy of the press release is furnished herewith as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.   Exhibit Description

  99.1          Press Release issued by The Eastern Company, dated March 24,
              2023

104           Cover Page Interactive Data File (cover page XBRL tags are embedded
              within the Inline XBRL document)





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