Minerva discloses 8.8% passive stake in The Eastern Company (EML)

Rhea-AI Filing Summary

Minerva Advisors LLC and related entities filed an amended Schedule 13G/A reporting a significant passive ownership stake in The Eastern Company’s common stock. Minerva Advisors LLC reports beneficial ownership of 529,084 shares, representing 8.7% of the company’s common stock, based on 6,068,650 shares outstanding as of 9/27/2025. Minerva Group, LP, Minerva GP, LP, and Minerva GP, Inc. each report beneficial ownership of 337,419 shares, or 5.6% of the class, reflecting their interest in shares held by Minerva Group, LP.

Individually, David P. Cohen reports beneficial ownership of 531,334 shares, or 8.8% of the class, including 2,250 shares owned directly, 191,665 shares beneficially owned by Minerva Advisors LLC, and 337,419 shares held by Minerva Group, LP. The filing states that these securities were not acquired and are not held for the purpose of changing or influencing control of The Eastern Company, and are instead being reported on a passive basis.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 9)

The Eastern Company

(Name of Issuer)

Common Stock, No par value

(Title of Class of Securities)

276317104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 276317104

1

Names of Reporting Persons

Minerva Advisors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 337,419.00
6	Shared Voting Power 191,665.00
7	Sole Dispositive Power 337,419.00
8	Shared Dispositive Power 191,665.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

529,084.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 276317104

1

Names of Reporting Persons

Minerva Group LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 337,419.00
6	Shared Voting Power
7	Sole Dispositive Power 337,419.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

337,419.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 276317104

1

Names of Reporting Persons

Minerva GP, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 337,419.00
6	Shared Voting Power
7	Sole Dispositive Power 337,419.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

337,419.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 276317104

1

Names of Reporting Persons

Minerva GP, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 337,419.00
6	Shared Voting Power
7	Sole Dispositive Power 337,419.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

337,419.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 276317104

1

Names of Reporting Persons

David P. Cohen

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 339,669.00
6	Shared Voting Power 191,665.00
7	Sole Dispositive Power 339,669.00
8	Shared Dispositive Power 191,665.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

531,334.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Eastern Company
(b)	Address of issuer's principal executive offices: 3 Enterprise Drive, Suite 408, Shelton, CT 06484
Item 2.
(a)	Name of person filing: Minerva Advisors LLC Minerva Group, LP Minerva GP, LP Minerva GP, Inc. David P. Cohen
(b)	Address or principal business office or, if none, residence: 50 Monument Road, Suite 201 Bala Cynwyd, PA 19004
(c)	Citizenship: David P. Cohen is a U.S. Citizen. Minerva Advisors LLC, Minerva Group, LP, and Minerva GP, LP are organized under Delaware law. Minerva GP, Inc. is organized under Pennsylvania law.
(d)	Title of class of securities: Common Stock, No par value
(e)	CUSIP No.: 276317104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Minerva Advisors LLC* - 191,665 Minerva Group LP - 337,419 Minerva GP, LP* - 337,419 Minerva GP, Inc.* - 337,419 David P. Cohen* - 193,915 *Each of these reporting persons is deemed a beneficial owner of the 337,419 shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of the 2,250 shares of the Issuer owned individually and is also deemed a beneficial owner of the 529,084 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(b)	Percent of class: Minerva Advisors LLC* - 3.2% Minerva Group LP - 5.6% Minerva GP, LP* - 5.6% Minerva GP, Inc.* - 5.6% David P. Cohen* - 3.2% *Each of these reporting persons is deemed a beneficial owner of the 5.6% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of .04% of the shares of the Issuer owned individually and is also deemed a beneficial owner of the 8.7% of the shares of the Issuer beneficially owned by Minerva Advisors LLC. Based on a total of 6,068,650 shares of the Issuer's Common Stock outstanding as of 9/27/2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended 9/27/2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Minerva Advisors LLC* - 337,419 Minerva Group, LP - 337,419 Minerva GP, LP* - 337,419 Minerva GP, Inc.* - 337,419 David P. Cohen* - 339,669 *Each of these reporting persons is deemed a beneficial owner of the 337,419 shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of 2,250 shares of the Issuer owned individually.
	(ii) Shared power to vote or to direct the vote: Minerva Advisors LLC - 191,665 David P. Cohen** - 191,665 **David P. Cohen is deemed a beneficial owner of the 191,665 shares of the Issuer beneficially owned by Minerva Advisors LLC.
	(iii) Sole power to dispose or to direct the disposition of: Minerva Advisors LLC* - 337,419 Minerva Group, LP - 337,419 Minerva GP, LP* - 337,419 Minerva GP, Inc.* - 337,419 David P. Cohen* - 339,669 *Each of these reporting persons is deemed a beneficial owner of the 337,419 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also the beneficial owner of 2,250 shares of the Issuer owned individually.
	(iv) Shared power to dispose or to direct the disposition of: Minerva Advisors LLC - 191,665 David P. Cohen** - 191,665 **David P. Cohen is deemed a beneficial owner of the 191,665 shares of the Issuer beneficially owned by Minerva Advisors LLC.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Minerva Advisors LLC

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

Minerva Group LP

Signature:	MINERVA GP, LP
Name/Title:	General Partner
Date:	02/10/2026

Signature:	MINERVA GP, INC.
Name/Title:	General Partner
Date:	02/10/2026

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

Minerva GP, LP

Signature:	MINERVA GP, INC.
Name/Title:	General Partner
Date:	02/10/2026

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

Minerva GP, Inc.

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

David P. Cohen

Signature:	David P. Cohen
Name/Title:	Individual
Date:	02/10/2026

FAQ

What stake in The Eastern Company (EML) does Minerva report?

Minerva Advisors LLC reports beneficial ownership of 529,084 shares of The Eastern Company, representing 8.7% of the common stock. This percentage is calculated using 6,068,650 shares outstanding as of 9/27/2025, as disclosed in the company’s Form 10-Q.

How many The Eastern Company (EML) shares does David P. Cohen beneficially own?

David P. Cohen reports beneficial ownership of 531,334 shares, or 8.8% of The Eastern Company’s common stock. This includes 2,250 shares owned individually, 191,665 shares beneficially owned by Minerva Advisors LLC, and 337,419 shares held by Minerva Group, LP.

Is Minerva’s stake in The Eastern Company (EML) considered a passive investment?

Yes. The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of The Eastern Company. They are also not held in connection with any control-related transaction, other than activities related to a nomination under Rule 14a-11.

What percentage of The Eastern Company (EML) does Minerva Group, LP report owning?

Minerva Group, LP reports beneficial ownership of 337,419 shares of The Eastern Company, representing 5.6% of the outstanding common stock. This stake is also attributed to Minerva GP, LP and Minerva GP, Inc., which each report the same 337,419-share beneficial ownership position.

How is the ownership percentage in The Eastern Company (EML) calculated in this filing?

The ownership percentages are based on 6,068,650 shares of The Eastern Company’s common stock outstanding as of 9/27/2025. This share count is taken from the company’s Form 10-Q for the quarter ended that date and is used to compute each reporting person’s percentage.

What voting and dispositive powers does Minerva have over The Eastern Company (EML) shares?

Minerva Advisors LLC reports 337,419 shares with sole voting and dispositive power and 191,665 shares with shared voting and dispositive power. Minerva Group, LP and related entities report sole voting and dispositive power over 337,419 shares, reflecting their interest in that block.