-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O/eWDbuNE1hYWa2ew/VlW2a1nEuDFwzYW65/4id0Zt3QCI+WyN8S1B2DH/AqR9MP xnqq7ZEnm5GwhSjFj57BKA== 0000031107-07-000105.txt : 20071025 0000031107-07-000105.hdr.sgml : 20071025 20071025163642 ACCESSION NUMBER: 0000031107-07-000105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071024 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071025 DATE AS OF CHANGE: 20071025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTERN CO CENTRAL INDEX KEY: 0000031107 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 060330020 STATE OF INCORPORATION: CT FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00599 FILM NUMBER: 071191192 BUSINESS ADDRESS: STREET 1: 112 BRIDGE ST STREET 2: P O BOX 460 CITY: NAUGATUCK STATE: CT ZIP: 06770 BUSINESS PHONE: 2037292255 MAIL ADDRESS: STREET 1: 112 BRIDGE STREET STREET 2: P O BOX 460 CITY: NAUGATUCK STATE: CT ZIP: 06770 8-K 1 form8klflagree_amend.txt LEGANZA EMPL. AGREE. AMEND. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 24, 2007 -------------------------------- (Date of earliest event reported) The Eastern Company ------------------- (Exact name of Registrant as specified in its charter) Connecticut 0-599 06-0330020 ----------- ----- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 112 Bridge Street, Naugatuck, Connecticut 06770 - ----------------------------------------- ----- (Address of principal executive offices) (Zip Code) (203) 729-2255 -------------- (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2) [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 4d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 3e-4(c) under the Exchange Act (17 CFR 240.13e-4( c)) Section 1 - Registrant's Business and Operations ITEM 1.01 - Entry into a Material Definitive Agreement On October 24, 2007, The Eastern Company executed an amendment to the Employment Agreement (the "Agreement") with the Company's Chairman, President and Chief Executive Officer, Leonard F. Leganza. The amendment extends the term of the Agreement to December 31, 2008. A copy of the amendment to the Agreement is attached as Exhibit 99. Section 5 - Corporate Governance and Management ITEM 5.02 - (e) Compensatory Arrangements of Certain Officers On October 24, 2007, the Company extended the term of the Agreement to December 31, 2008. See Item 1.01 above. Section 9 - Financial Statements and Exhibits ITEM 9.01 - (d) Exhibits (99) Amendment to Employment Agreement between The Eastern Company and Leonard F. Leganza, the Company's Chairman, President and Chief Executive Officer, executed on October 24, 2007. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. The Eastern Company Date: October 25, 2007 /s/John L. Sullivan III ----------------- ----------------------- John L. Sullivan III Vice President and Chief Financial Officer EX-99 2 ex99lflagree_amend.txt LEGANZA EMPL. AGREE. AMEND. Exhibit 99 AMENDMENT TO EMPLOYMENT AGREEMENT AGREEMENT made as of the 24th day of October, 2007 by and between THE EASTERN COMPANY, a corporation organized under the laws of the State of Connecticut (the "Company"), and LEONARD F. LEGANZA, of 62 Tunxis Village Road, Farmington, Connecticut (the "Executive"). W I T N E S S E T H: ------------------- WHEREAS, as of January 1, 2005 the Company entered into an employment agreement with the Executive (the "Agreement") pursuant to which the Executive serves as the president and chief executive officer of the Company; and WHEREAS, the term of the Agreement continues until December 31, 2007; and WHEREAS, the Agreement provides that the Company may, in its discretion, elect to renew the Agreement for one or more additional one-year periods by giving written notice to the Executive at least thirty days prior to the end of the term; and WHEREAS, the Company wishes to extend the term of the Agreement for a one year period until December 31, 2008. NOW, THEREFORE, the Company and the Executive do hereby agree as follows: (1) Section 4 of the Agreement is deleted and the following is substituted in lieu thereof: Section 4. Term. ---- The initial term of this Agreement began as of January 1, 2005 and shall end as of December 31, 2007. The term of this Agreement is extended for an additional one year period, and shall continue until December 31, 2008. The Company may, in its discretion, elect to renew this Agreement for one or more additional one-year periods by giving written notice to the Executive at least thirty (30) days prior to the end of any renewal period. (2) All of the other terms and conditions of the Agreement are hereby confirmed, ratified and approved in all respects. IN WITNESS WHEREOF, the Company has caused this Agreement to be executed and its corporate seal to be hereunto affixed, and the Executive has hereunto set the Executive's hand and seal, as of the day and year specified above. ATTEST: THE EASTERN COMPANY /s/Theresa P. Dews By/s/John L. Sullivan III - --------------------------- -------------------------- Theresa P. Dews John L. Sullivan III Its: Secretary Title: Vice President & CFO EXECUTIVE /s/Leonard F. Leganza --------------------- Leonard F. Leganza Chairman, President and CEO -----END PRIVACY-ENHANCED MESSAGE-----