The Eastern Company Announces the Retirement of Michael McManus, Director

$EML
Industrial Machinery/Components
Consumer Discretionary
Get the next $EML alert in real time by email

NAUGATUCK, CT / ACCESSWIRE / December 20, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that Michael McManus will retire from its Board of Directors, effective December 31, 2021.

James Mitarotonda, Chairman of the Board said, "On behalf of The Eastern Company and its board of directors, I thank Mike for his dedicated service to Eastern since 2015, including as Chairman of the Compensation Committee and a member of the Audit and Environmental, Health & Safety Committees. We have benefitted from his insights and leadership and are grateful for his many contributions. His positive impact will last beyond his tenure on the board."

Mr. Mitarotonda continued, "The Board of Directors elected John Everets as Chairman of the Compensation Committee at the Board of Directors meeting on December 15, 2021 which will be effective on January 1, 2022. Mr. McManus was not replaced on the Audit and Environmental, Health & Safety Committees."

The Nominating Committee of the Board of Directors has initiated a search for a new Director to be elected at the Company's annual shareholder meeting in 2022.

About Eastern

The Eastern Company is a 163 year old company which manages industrial businesses that design, manufacture and sell unique engineered solutions to 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.

Investor Relations Contacts:
The Eastern Company
August Vlak or John L. Sullivan III
203-729-2255

SOURCE: The Eastern Company



View source version on accesswire.com:
https://www.accesswire.com/678756/The-Eastern-Company-Announces-the-Retirement-of-Michael-McManus-Director

Get the next $EML alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$EML

DatePrice TargetRatingAnalyst
More analyst ratings

$EML
Press Releases

Fastest customizable press release news feed in the world

See more
  • Ancora Nominates Majority Slate of Director Candidates and Proposes Industry Legend Alan Kestenbaum as New CEO to Turn Around U.S. Steel

    Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind

    $AFG
    $AP
    $ARMK
    $BERY
    Property-Casualty Insurers
    Finance
    Fluid Controls
    Industrials
  • The Eastern Company Reports Third Quarter 2024 Results

    Net sales from continuing operations increase to $71.3 million in Q3 2024 compared to $62.0 million in Q3 2023Gross margin from continuing operations increases to 25.5% in Q3 2024 compared to 24.9% in Q3 2023Earnings per diluted share from continuing operations increase 36% to $0.75 in Q3 2024 compared to $0.55 in Q3 2023Eastern advances its business transformation by reporting Big 3 Mold business as discontinued operationsEastern announces transition to new CEO – Ryan Schroeder SHELTON, CT / ACCESSWIRE / November 5, 2024 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistic

    $EML
    Industrial Machinery/Components
    Consumer Discretionary
  • The Eastern Company Declares 337th Consecutive Quarterly Cash Dividend

    SHELTON, CT / ACCESSWIRE / October 29, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 13, 2024, to common shareholders of record as of November 15, 2024. This dividend represents the Company's 337th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on t

    $EML
    Industrial Machinery/Components
    Consumer Discretionary

$EML
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$EML
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$EML
SEC Filings

See more

$EML
Leadership Updates

Live Leadership Updates

See more
  • The Eastern Company Appoints Nick Vlahos to Succeed Peter O'Hara as its Chief Financial Officer

    SHELTON, CT / ACCESSWIRE / January 26, 2023 / The Eastern Company (the "Company" or "Eastern") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that its Board of Directors has named Nicholas ("Nick") Vlahos as its Chief Financial Officer to succeed Peter O'Hara, who has resigned effective February 3, 2023 to pursue other opportunities.Mark Hernandez, Eastern's President and Chief Executive Officer, said, "During his time at Eastern, Nick has demonstrated strong leadership capabilities, business judgment, and results orientation. Nick has been integral to Eastern's growth, both o

    $EML
    Industrial Machinery/Components
    Consumer Discretionary
  • The Eastern Company Announces the Retirement of Michael McManus, Director

    NAUGATUCK, CT / ACCESSWIRE / December 20, 2021 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that Michael McManus will retire from its Board of Directors, effective December 31, 2021.James Mitarotonda, Chairman of the Board said, "On behalf of The Eastern Company and its board of directors, I thank Mike for his dedicated service to Eastern since 2015, including as Chairman of the Compensation Committee and a member of the Audit and Environmental, Health & Safety Committees. We have benefitted from his insights and leadership

    $EML
    Industrial Machinery/Components
    Consumer Discretionary

$EML
Financials

Live finance-specific insights

See more
  • Ancora Nominates Majority Slate of Director Candidates and Proposes Industry Legend Alan Kestenbaum as New CEO to Turn Around U.S. Steel

    Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind

    $AFG
    $AP
    $ARMK
    $BERY
    Property-Casualty Insurers
    Finance
    Fluid Controls
    Industrials
  • The Eastern Company Reports Third Quarter 2024 Results

    Net sales from continuing operations increase to $71.3 million in Q3 2024 compared to $62.0 million in Q3 2023Gross margin from continuing operations increases to 25.5% in Q3 2024 compared to 24.9% in Q3 2023Earnings per diluted share from continuing operations increase 36% to $0.75 in Q3 2024 compared to $0.55 in Q3 2023Eastern advances its business transformation by reporting Big 3 Mold business as discontinued operationsEastern announces transition to new CEO – Ryan Schroeder SHELTON, CT / ACCESSWIRE / November 5, 2024 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistic

    $EML
    Industrial Machinery/Components
    Consumer Discretionary
  • The Eastern Company Declares 337th Consecutive Quarterly Cash Dividend

    SHELTON, CT / ACCESSWIRE / October 29, 2024 / The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 13, 2024, to common shareholders of record as of November 15, 2024. This dividend represents the Company's 337th consecutive quarterly dividend.About The Eastern CompanyThe Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to markets. Eastern's businesses operate in industries that offer long-term macroeconomic growth opportunities. The Company operates from locations in the U.S., Canada, Mexico, Taiwan, and China. More information on t

    $EML
    Industrial Machinery/Components
    Consumer Discretionary

$EML
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more