The Eastern Company Announces Program to Repurchase up to 200,000 Shares by May 2, 2023
Eastern Company (The) (EML)
US:NASDAQ Investor Relations:
easterncompany.com
Company Research
Source: Business Wire
NAUGATUCK, Conn.--(BUSINESS WIRE)-- The Eastern Company (NASDAQ:EML) (the “Company”) announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to 200,000 shares of its common stock through May 2, 2023. Under the share repurchase program, the Company may repurchase shares in the open market and may also enter into structured repurchase agreements with third parties. Mr. James Mitarotonda, the Company’s Chairman, explained that, “the share repurchase program is designed to return value to shareholders and minimize dilution from potential stock issuances related to long-term incentive management compensation.” Mr. August Vlak, the Company’s President and CEO, added that, “our new share repurchase program emphasizes our commitment to returning value to our shareholders, as we execute on our long-term growth strategy.” About the
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EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- EML's page on the SEC website