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United States

Eastern Co (EML.OQ)

EML.OQ on NASDAQ Stock Exchange Global Market

28.30USD
17 Aug 2018
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Summary

Name Age Since Current Position

James Mitarotonda

63 2016 Chairman of the Board

August Vlak

51 2016 President, Chief Executive Officer

John Sullivan

64 2006 Chief Financial Officer, Vice President

Angelo Labbadia

60 2015 Chief Operating Officer, Vice President

Fredrick DiSanto

56 2016 Independent Director

John Everets

71 1993 Independent Director

Charles Henry

68 1989 Independent Director

Michael McManus

75 2015 Independent Director

Biographies

Name Description

James Mitarotonda

Mr. James A. Mitarotonda is Chairman of the Board of the Company., effective January 1, 2016. Mr. Mitarotonda has served as the Chairman of the Board of Directors, President and Chief Executive Officer of Barington Capital Group, L.P., an investment firm, since 1991. Mr. Mitarotonda is an experienced public company director. He currently serves as a director of A. Schulman, Inc. and OMNOVA Solutions Inc. During the past five years, Mr. Mitarotonda has also served as a director of The Pep Boys – Manny, Moe & Jack, The Jones Group, Inc., Barington/Hilco Acquisition Corp. and Ebix, Inc. Mr. Mitarotonda serves as a member of the Board of Trustees for Queens College. Mr. Mitarotonda was elected as a Director of the Company at the annual meeting of shareholders held on May 20, 2015. The Board appointed Mr. Mitarotonda to serve as Chairman of the Board, effective January 1, 2016. Mr. Mitarotonda is the Chairman of the Nominating and Corporate Governance Committee, and he also serves on the Compensation and Executive Committees.

August Vlak

Mr. August (Gus) Vlak is President, Chief Executive Officer of the Company., effective January 1, 2016. From 2012 to 2015, Mr. Vlak was a senior advisor to Barington Capital Group, L.P. Prior to that, he was a partner at Katzenbach Partners, a senior advisor at Booz & Company, and a consultant at McKinsey & Company. At his prior positions, Mr. Vlak's work focused on growth strategy and operational performance improvement at more than 50 companies, including leading domestic and global industrial enterprises. Mr. Vlak was elected as a Director of the Company at last year's annual meeting of shareholders, which was held on May 3, 2017.

John Sullivan

Mr. John L. Sullivan III, is Chief Financial Officer, Vice President of Eastern Company. He was appointed Chief Financial Officer on December 13, 2006. Prior to that, he was the Vice President, Treasurer and Secretary of the Company.

Angelo Labbadia

Mr. Angelo M. Labbadia is Chief Operating Officer, Vice President of the Company. Mr. Labbadia has been with the Company since May 4, 2009 as Vice President and Managing Director of the Frazer & Jones Division in Syracuse, NY, the Metal Products division of the Company. Mr. Labbadia was previously employed by Scapa North America, Inc, a subsidiary of Scapa Group, PLC (a UK public Company) as Executive Vice President for the North American Operations which included 5 operating sites in the US and Canada. In addition, he also served as a member of the Executive Management Team for Scapa Group PLC who worked in conjunction with the Board in the development and implementation of global short and long term business plans for the corporation. The Eastern Company is a 157-year-old manufacturer of industrial hardware, security products and metal castings. It operates from 13 locations in the U.S., Canada, Mexico, Taiwan and China. The diversity of the Company’s products helps it to respond to the changing requirements of a broad array of markets.

Fredrick DiSanto

Mr. Fredrick D. DiSanto is Independent Director of the Company. He is the Chairman and Chief Executive Officer of The Ancora Group, a holding company that oversees three investment advisors, and has served in such capacities since 2014 and 2006, respectively. Mr. DiSanto was the President and Chief Operating Officer of Maxus Investment Group from 1998 until December of 2000. In January 2001, after Maxus Investment Group was sold to Fifth Third Bank, Mr. DiSanto served as Executive Vice President and Manager of Fifth Third Bank's Investment Advisor Division. Mr. DiSanto is an experienced public company director and has knowledge and background in finance, strategic planning, governance and international business. He currently serves as a director for Regional Brands, Inc., Edgewater Technology, Inc. and Medical Mutual of Ohio, and previously served on the respective Boards of Directors of Axia NetMedia Corporation, LNB Bancorp, Inc. and PVF Capital Corporation. Mr. DiSanto was elected as a Director of the Company at the 2016 annual meeting of shareholders, which was held on April 26, 2016. Mr. DiSanto is Chairman of the Audit and the Pension Investment Review Committees and serves on the Executive Committee.

John Everets

Mr. John W. Everets is an Independent Director of Eastern Company. He has been a Partner in Arcturus Capital LLC, Boston since 2016. Mr. Everets was the Chairman and Chief Executive Officer of SBM Financial in Portland, Maine, from May 2010 until October 2016. Mr. Everets was also Chairman and Chief Executive Officer of The Bank of Maine from May 2010 until October 2016. Mr. Everets was the CEO of GE HPSC from 2004 until 2006 and was the Chairman and CEO of HPSC a healthcare equipment finance company from 1993 to 2004. Mr. Everets has been a Director of the Company since 1993 and brings to the Board extensive knowledge of the Company's business. He serves on the Audit, Compensation, Pension Investment Review, and Nominating and Corporate Governance Committees. Mr. Everets serves on the Boards of Director of Medallion Financial Corp., Newman's Own Foundation and Newman's Own, Inc. since July 2017 and December 2016, respectively. Mr. Everets is a former director of Financial Security Assurance, FSA, Dairy Mart and The Martin Currie Business Trust Edinburgh.

Charles Henry

Mr. Charles W. Henry is an Independent Director of Eastern Company. He is an attorney and partner with the law firm Henry & Federer, LLP located in Woodbury, Connecticut. Mr. Henry has been a Director of the Company since 1989 and brings to the Board of Directors extensive knowledge of the Company's business. He serves on the Audit, Compensation, Executive, Pension Investment Review, and Nominating and Corporate Governance Committees. Mr. Henry's independent legal expertise is valuable to the Company if and when matters of law or regulation arise in the normal course of the Company's businesses. His law firm does not provide any services to the Company.

Michael McManus

Mr. Michael A. McManus is Independent Director of the Company. He is the former Chairman, President and Chief Executive Officer of Misonix, Inc., a publicly traded medical device company. Mr. McManus previously served as President of New York Bankcorp, a New York Stock Exchange company, until its sale in 1998. Earlier, he served as President of Jamcor Pharmaceuticals, as a Vice President of strategic planning at Pfizer, and as an executive vice president of MacAndrews and Forbes, Revlon, Inc., and Pantry Pride. Mr. McManus has been a Director of the Company since 2015. Mr. McManus is the Chairman of the Company's Compensation Committee and also serves on the Audit, Executive, and Nominating and Corporate Governance Committees. Mr. McManus is an experienced public company director and has experience in financial matters, sales and marketing, strategic acquisitions, government relations and international business matters. He serves as a director of Novavax, Inc., a vaccine company. He previously served on the respective Boards of Directors of the Communications Satellite Corporation, Arrhythmia Research Technology, Inc., National Wireless Holdings, American Home Mortgage, A. Schulman, Inc. and Guest Services, Inc.. He currently serves as Vice Chairman of the U.S. Olympics Committee Trust.

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