The Eastern Company (NASDAQ: EML) today announced voting results based
on a final count of votes submitted to, IVS Associates Inc., the
independent Inspector of Election for its 2015 Annual Meeting of
Shareholders.
Based on the final results, James A. Mitarotonda and Michael A. McManus,
Jr., both nominated by Barington Companies Equity Partners, L.P. and
certain of its affiliates (“Barington”), have been elected to the
Company’s Board of Directors.
“We thank our shareholders for taking the time to vote, and we look
forward to working with the newly elected directors in a constructive
manner to serve the interests of all our shareholders,” said Leonard F.
Leganza, Chairman, President and Chief Executive Officer. “The Board and
management team will remain focused on managing the Company and
exploring all of our strategic alternatives, as well as strategic
planning and are committed to improve our corporate governance issues.”
Mr. Leganza added, “We also want to express our deepest appreciation to
David C. Robinson for his 25 years of outstanding service as a director
of the Company, and to also thank Samantha Allison for her interest in
serving as a candidate for the Board.”
The final voting results also indicate that the shareholders have
approved the appointment of Fiondella, Milone & LaSaracina LLP as the
independent registered public accounting firm to audit the consolidated
financial statements of the Company and its subsidiaries for fiscal 2015.
Safe Harbor for Forward-Looking Statements
Statements
in this document regarding the 2015 Annual Meeting of Shareholders and
any other statements about the Company’s future expectations, beliefs,
goals, plans or prospects constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including
statements containing the words “believes,” “plans,” “anticipates,”
“expects,” “estimates” and similar expressions) should also be
considered to be forward-looking statements. There are a number of
important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including those set forth in the Company’s reports and filings with the
U.S. Securities and Exchange Commission. The Company is not obligated to
update or revise any forward-looking statements as a result of
developments occurring after the date of this document.
About the Company
The Eastern
Company is a 157-year-old manufacturer of industrial hardware, security
products and metal castings. It operates from 12 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. More information on the Company can be found at www.easterncompany.com.
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