The Eastern Company announced that Leonard F. Leganza will retire from his positions as the chairman of the board, President and Chief Executive Officer of the company, effective when the term of his employment agreement expires on December 31, 2015. Mr. Leganza will remain as a member of the board of directors of the company until the expiration of his term at the 2017 annual meeting of the shareholders. The company announced that James M. Mitarotonda will serve as the Chairman of the board of directors effective January 1, 2016.

Mr. Mitarotonda has been a director of the company since May 20, 2015. Further, the company also announced that August M. Vlak will serve as President and Chief Executive Officer of the company effective January 1, 2016. Mr. Vlak has been a management consultant and, most recently, a Senior Advisor to Barington Capital Group, L.P.