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
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(Date of earliest event reported)
The Eastern Company
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(Exact name of Registrant as specified in its charter)
Connecticut 0-599 06-0330020
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
112 Bridge Street, Naugatuck, Connecticut 06770
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(Address of principal executive offices) (Zip Code)
(203) 729-2255
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(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
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John L. Sullivan III
Vice President and Chief Financial Officer