The Eastern Company (EML) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for April 30, 2025, will be held virtually, with shareholders able to vote and ask questions online.

• Record date for voting is March 3, 2025, with 6,126,416 outstanding shares eligible to vote.

• Key proposals include election of seven directors, advisory vote on executive compensation, and ratification of the external auditor.

• Shareholders can submit proposals for the 2025 meeting by November 11, 2025, for inclusion in proxy materials.

Voting matters and shareholder proposals

• Shareholders will vote on electing seven directors, approving executive compensation (say-on-pay), and ratifying Fiondella, Milone & LaSaracina LLP as auditor for 2025.

• Board recommends voting FOR all director nominees, executive compensation, and auditor ratification.

• Shareholders may submit proposals or director nominations for future meetings, following bylaw and SEC requirements.

Board of directors and corporate governance

• Board consists of seven members, six of whom are independent; separation of Chairman and CEO roles since 2016.

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

• Board conducts annual self-evaluations and expects full attendance at meetings.

• Board diversity considered, with one female nominee for 2025.

• Board actively oversees strategy, succession planning, and corporate social responsibility.