Millbrook Capital Management Inc, et al. – ‘SC 13D/A’ on 2/18/97 re: Eastern Co – EX-15

As of:  Tuesday, 2/18/97   ·   Accession #:  950162-97-136   ·   File #:  5-15810

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Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Schedule 13D Amendment No. 5                          14     63K 
 2: EX-14       Shareholder's Notice of Nominations                   11     32K 
 3: EX-15       Press Release                                          1      7K 

EX-15   —   Press Release

                                                                  Exhibit 15

MILLBROOK CAPITAL MANAGEMENT
SUBMITS DIRECTOR NOMINATIONS
TO THE EASTERN COMPANY

        Millbrook, NY -- February 6, 1997 -- Millbrook Capital Management Inc.
("MCM") announced today that its affiliate, MMI Investments L.L.C. has formally 
submitted to The Eastern Company (AMEX:EML) a slate of three nominees for       
election to the Board of Directors of Eastern at its 1997 Annual Meeting of     
Shareholders. Eastern has established February 28th as the record date for the  
meeting which is expected to be held in April. MCM has retained D.F. King & Co.,
Inc. to assist it with its efforts. MCM expects to file proxy material with     
respect to the elections of the nominees with the Securities and Exchange       
Commission in due course.                                                       

      MCM, the beneficial owner of approximately 6.61% of Eastern's Common
Stock, intends to replace Eastern's incumbent nominees with three new directors 
committed to enhancing value for all Eastern shareholders. The MCM slate        
consists of MCM's Chairman, John S. Dyson, its President, Clay B. Lifflander,   
and George M. Scherer, President of B.W. Elliott Manufacturing Company.         

     MCM, based in Millbrook, NY, is an investment firm owned by John S.
Dyson. MCM specializes in the acquisition and management of middle market       
companies. Until recently, Mr. Dyson served as Deputy Mayor for Finance and     
Economic Development of New York City. Ernst Ohnell, a participant in MCM's     
solicitation with respect to the MCM slate, is the founder and CEO of Ohnell    
Capital Corporation, which is in the merchant banking business.                 

For more information contact:                                                   

Investor Contact:                                    Media Contact:             
John Nesbett                                         Andy Lavin                 
Lippert/Heilshorn & Associates                       A. Lavin Communications    
212-838-3777                                         212-354-2266               

 Page 27 of 27 Pages

Dates Referenced Herein

This ‘SC 13D/A’ Filing		Date		Other Filings
Filed on:		2/18/97		None on these Dates
		2/6/97
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