The Eastern Company Announces Change to Virtual Meeting Format for 2020 Annual Meeting

04/09/2020 17:47:00 PM

NAUGATUCK, Conn.--(BUSINESS WIRE)--Apr. 9, 2020-- The Eastern Company (NASDAQ:EML) (the “Company”) today announced that its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be held in a virtual meeting format only. Shareholders will not have the option to attend the Annual Meeting in-person, but will have the same opportunities to participate in the virtual meeting format as they would at an in-person meeting. This change was instituted in accordance with Executive Order No. 7I issued by the Governor of the State of Connecticut, which temporarily suspends the statutory requirement for in-person shareholder meetings for Connecticut corporations in light of the COVID-19 pandemic, and to support the health and well-being of the Company’s employees, shareholders, and the community. As previously announced, the Annual Meeting will be held on Wednesday, April 29, 2020 at 11:00 a.m. Eastern Daylight Time.

As described in the proxy materials for the Annual Meeting previously distributed, shareholders of record as of the close of business on March 2, 2020, the record date, are entitled to participate in the Annual Meeting. To be admitted to the Annual Meeting at www.issuerdirect.com/virtual-event/EML, shareholders must enter the first 13 digits of the control number found on their proxy card, voting instruction form or notice that they previously received. For additional information regarding how shareholders may access, vote and participate in the virtual Annual Meeting, please refer to the Company’s supplemental proxy materials filed today with the Securities and Exchange Commission.

The Annual Meeting on April 29, 2020 at 11:00 a.m. Eastern Daylight Time will be available at www.issuerdirect.com/virtual-event/EML. The Company’s Proxy Statement and Annual Report on Form 10-K are available on its website at https://www.easterncompany.com/annual-reporting2.php. Additionally, the Company’s proxy materials may be accessed at www.proxyvote.com.

About The Eastern Company

The Eastern Company is a 161 year old company which manages industrial businesses that design, manufacture and sell unique engineered solutions to niche markets, focusing on industries that offer long-term macroeconomic growth opportunities. The Company operates in three business segments -- Industrial Hardware, Security Products and Metal Products -- from 20 locations in the U.S., Canada, Mexico, U.K., Taiwan and China.

Safe Harbor for Forward-Looking Statements

Statements in this document about our future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the rules, regulations and releases of the Securities and Exchange Commission. Any statements that are not statements of historical fact, including statements containing the words "believes," "intends," "continues," "reflects," "plans," "anticipates," "expects," and similar expressions, should also be considered to be forward-looking statements. Readers should not place undue reliance on these forward-looking statements, which are based upon management's current beliefs and expectations. These forward-looking statements are subject to risks and uncertainties, and actual results might differ materially from those discussed in, or implied by, the forward-looking statements. Among the risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements include, but are not limited to changing customer preferences, lack of success of new products, loss of customers, cybersecurity breaches, changes in competition in our markets, and increased prices for raw materials resulting from tariffs on imported goods or otherwise. There are important, additional factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including those set forth in our reports and filings with the Securities and Exchange Commission. We undertake no obligation to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise.

The Eastern Company
August Vlak or John L. Sullivan III, 203-729-2255

Source: The Eastern Company