Espey Mfg & Electronics Corp. Announces Board and Officer Changes
Ticker: ESP · Form: 8-K · Filed: Dec 9, 2024 · CIK: 33533
| Field | Detail |
|---|---|
| Company | Espey Mfg & Electronics Corp (ESP) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, officer-appointment
TL;DR
Espey Mfg & Electronics Corp. is shuffling its leadership team, effective Dec 6, 2024.
AI Summary
Espey Mfg & Electronics Corp. announced on December 6, 2024, changes in its board of directors and officer appointments. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. These changes are effective as of December 6, 2024.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership can introduce uncertainty regarding future strategy and operational execution.
Key Numbers
- 20241206 — Effective Date (Date of board and officer changes)
Key Players & Entities
- ESPEY MFG & ELECTRONICS CORP (company) — Registrant
- New York (location) — State of Incorporation
- Saratoga Springs (location) — Principal Executive Offices City
FAQ
Who are the specific officers and directors departing from Espey Mfg & Electronics Corp.?
The filing indicates the departure of certain officers and directors but does not list their specific names in the provided text.
Who has been elected as new directors to the board?
The filing states that directors have been elected but does not provide their names in the excerpt.
What are the details of the compensatory arrangements for the officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specific details are not included in this summary.
What is the primary business of Espey Mfg & Electronics Corp.?
Espey Mfg & Electronics Corp. is in the business of Electronic Components, NEC, with SIC code 3679.
When was the company incorporated?
The company was incorporated in New York.
Filing Stats: 621 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-12-09 16:18:04
Filing Documents
- form8k-33253_esp.htm (8-K) — 26KB
- image_002.jpg (GRAPHIC) — 4KB
- 0001174947-24-001326.txt ( ) — 208KB
- esp-20241206.xsd (EX-101.SCH) — 3KB
- esp-20241206_lab.xml (EX-101.LAB) — 34KB
- esp-20241206_pre.xml (EX-101.PRE) — 22KB
- form8k-33253_esp_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers;
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Ms. Peggy A. Murphy has resigned from her position as Corporate Secretary effective December 6, 2024 after serving in the position since December 1998. The Board of Directors has appointed Ms. Jennifer Pickering to the position of Corporate Secretary effective December 6, 2024. Jennifer M. Pickering, 46, joined Espey as the Chief Human Resources Officer in April 2024. She served as Assistant Corporate Secretary from June 6, 2024 until her appointment to Corporate Secretary. Prior to joining the company, Jennifer was a Senior Director, Human Resources for GlobalFoundries, a global manufacturer of semiconductors, where she served as an HR Business Partner, Global Leader of Learning & Development, and Global Leader of HR Operations & Employee Services.
07 Submissions of Matters to a Vote of Security Holders
ITEM 5.07 Submissions of Matters to a Vote of Security Holders Espey Mfg. & Electronics Corp. (the "Company") held its Annual Meeting of Stockholders ("Annual Meeting") on December 6, 2024. At the Annual Meeting, the stockholders of the Company elected Carl Helmetag and David O'Neil to the Board of Directors as the Class A Directors of the Company for a three year term until the 2027 Annual Meeting of Shareholders or until their respective successors are duly elected and qualified. Nominee Votes For Withholds Broker Non-Votes Carl Helmetag 1,263,867 315,408 1,195,880 David O'Neil 1,563,678 15,598 1,195,879 In addition, the proposal to ratify the appointment of Freed Maxick CPAs, P.C. as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2025 was approved at the Annual Meeting: Votes For Votes Against Abstentions Broker Non-Votes 2,286,638 8,682 46,181 433,654
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 9, 2024 ESPEY MFG. & ELECTRONICS CORP. By: /s/ Katrina Sparano Katrina Sparano Principal Financial Officer 1