8-K

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 22, 2014

(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)

________________________________________________

(Former name or former address, if changed since last report)

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 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-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 22, 2014, 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, 2015.

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 22, 2014, the Company extended the term of the Agreement to December 31, 2015.

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 22, 2014.

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 23, 2014	/s/John L. Sullivan III
	John L. Sullivan III Vice President and Chief Financial Officer

EX-99

Exhibit 99

AMENDMENT TO EMPLOYMENT AGREEMENT

AGREEMENT made as of the 22nd day of October, 2014 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, on December 18, 2013 the Company entered into an employment agreement with the Executive (the “Agreement”) pursuant to which the Executive serves as the chairman of the board, president and chief executive officer of the Company; and

WHEREAS, the term of the Agreement will expire on December 31, 2014; 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 an additional one-year period until December 31, 2015.

           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 term of this Agreement began as of January 1, 2014 and extended through December 31, 2014.  The term of this Agreement is extended for an additional one-year period, and shall continue until December 31, 2015.

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	/s/David C. Robinson
Theresa P. Dews	David C. Robinson
Its Secretary	Title:  Chairman, Compensation Committee
	EXECUTIVE
	/s/Leonard F. Leganza
	Leonard F. Leganza
	Chairman, President and CEO