The Eastern Company (EML) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 6, 2026, with shareholders able to vote online, by phone, or by mail.

• The Board emphasizes long-term value creation, alignment of management and shareholder interests, and disciplined capital allocation.

• Recent governance enhancements include updated policies, committee charters, and a new emergency CEO succession plan.

• Two directors are retiring, and one new director with manufacturing expertise has joined.

Voting matters and shareholder proposals

• Shareholders will vote on electing six directors for one-year terms, an advisory say-on-pay resolution, and ratification of the external auditor.

• The Board recommends voting in favor of all proposals.

Board of directors and corporate governance

• After the meeting, the Board will have six members, five of whom are independent.

• Board committees include Audit, Compensation, Nominating and Corporate Governance, Environmental, Health and Safety, and Capital Allocation and Investment.

• The Board updated its Corporate Governance Guidelines, committee charters, and related policies in 2026.

• Directors are evaluated annually, and minimum stock ownership requirements are enforced.

• The threshold for shareholders to amend bylaws and call special meetings was lowered in 2026.