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