NAUGATUCK, Conn.--(BUSINESS WIRE)--Jun. 12, 2009--
The Eastern Company (NYSE Amex-EML) today announced that its Board of
Directors accepted the recommendation of its Audit Committee to replace
its independent registered public accounting firm, UHY LLP, with
Fiondella, Milone & LaSaracina LLP to audit the Company’s financial
statements for the fiscal year ending January 2, 2010. The change in the
Company’s independent registered public accounting firm was effective
June 10, 2009.
The Company has had an excellent working relationship with UHY LLP.
However, the Company’s Audit Committee has determined the appointment of
Fiondella, Milone & LaSaracina LLP to be beneficial to shareholder value.
The Eastern Company is a 151-year-old manufacturer of vehicular and
industrial hardware, locks, metal castings, coin collection and smart
card products. It operates from nine locations in the U.S., Canada,
Mexico, Taiwan and China. The diversity of the Company’s products
enables it to respond to the changing requirements of a broad array of
Information in this news release contains statements which reflect the
Company’s current expectations regarding its future operating
performance and achievements. Actual results may differ due to the many
economic uncertainties that affect the Company’s business environment.
Further information about the potential factors which could affect the
Company’s financial results are included in the Company’s reports and
filings with the Securities and Exchange Commission. The Company is not
obligated to update or revise the aforementioned statements for those
Source: The Eastern Company
The Eastern Company
Leonard F. Leganza or John
L. Sullivan III