Espey Mfg. & Electronics Corp. Files Definitive Proxy Statement

TL;DR

Espey Mfg. & Electronics Corp. filed its DEF 14A proxy statement on 10/25/24. Shareholders vote on company matters.

AI Summary

Espey Mfg. & Electronics Corp. filed a definitive proxy statement (DEF 14A) on October 25, 2024, for its fiscal year ending June 30, 2024. The filing, related to the Securities Exchange Act of 1934, concerns the company's annual meeting and shareholder matters. The company is incorporated in New York and headquartered in Saratoga Springs.

Why It Matters

This filing provides shareholders with crucial information regarding the company's governance, executive compensation, and voting matters ahead of their annual meeting, impacting their ability to make informed decisions.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that provides information to shareholders and does not inherently signal new risks.

Key Players & Entities

• ESPEY MFG & ELECTRONICS CORP (company) — Registrant
• 0001174947-24-001169 (filing_id) — Accession Number
• 20241025 (date) — Filing Date
• 20241206 (date) — Period of Report
• NY (state) — State of Incorporation
• 141387171 (tax_id) — IRS Number
• 5185844100 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $71,000 — oyee Directors receive an annual fee of $71,000 for being a member of the Board of Dire
• $65,000 — 2024. Prior thereto, the annual fee was $65,000. Each Director who also serves as a me
• $2,500 — compensated an additional annual fee of $2,500, with the exception of the Chair who is
• $5,000 — compensated an additional annual fee of $5,000. Each Director who serves as a member o
• $100,000 — ted executive officer who received over $100,000 in total compensation for the fiscal ye
• $100 — NEOs (2) (4) Value of Initial Fixed $100 Investment Based on Total Shareholder

Filing Documents

• def14a-32968_esp.htm (DEF 14A) — 270KB
• i-pc_001.jpg (GRAPHIC) — 107KB
• i-pc_002.jpg (GRAPHIC) — 185KB
• 0001174947-24-001169.txt ( ) — 673KB

From the Filing

DEF 14A 1 def14a-32968_esp.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of The Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 ESPEY MFG. & ELECTRONICS CORP. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. ESPEY MFG. & ELECTRONICS CORP. NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD DECEMBER 6, 2024 October 25, 2024 To the Shareholders of ESPEY MFG. & ELECTRONICS CORP.: You are cordially invited to attend the Annual Meeting of Shareholders of Espey Mfg. & Electronics Corp., which will be held at the Embassy Suites by Hilton, 86 Congress Street, Saratoga Springs, New York, on December 6, 2024, at 9:00 a.m., Eastern Standard Time, for the following purposes: 1. To elect as Class A Directors to serve for a three year term expiring at the 2027 Annual Meeting or until their respective successors are duly elected and qualify, the two nominees named in the attached proxy statement; and 2. To ratify the appointment of Freed Maxick CPAs, P.C. as the Company’s independent public accountants for the fiscal year ending June 30, 2025. No other business may be transacted at the meeting. The Board of Directors has fixed the close of business on October 17, 2024, as the record date for the purpose of determining shareholders entitled to notice of, and to vote at, said meeting or any adjournment thereof. The books for transfer of the Company’s capital stock will not be closed. Even if you expect to attend the meeting in person, it is urged by the Company that you mark, sign, date, and return the enclosed proxy. The proxy may be revoked at any time before it is voted and shareholders who execute proxies may nevertheless attend the meeting and vote their shares in person. Every properly signed proxy will be voted as specified unless previously revoked. Voting will be permitted only by proxy or by attending the meeting and providing the Corporate Secretary in advance with a legal proxy from an intermediary, if your shares are not owned by you directly. By Order of the Board of Directors, Peggy A. Murphy Corporate Secretary IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD DECEMBER 6, 2024: This notice of Annual Meeting, Proxy Statement and accompanying Annual Report to the Shareholders are available at our website at http://www.espey.com. Please make your selection and sign and date the enclosed proxy and mail it promptly in the accompanying pre-addressed, postage-free envelope. ESPEY MFG. & ELECTRONICS CORP. 233 Ballston Avenue Saratoga Springs, New York 12866 PROXY STATEMENT The enclosed proxy is solicited by the Board of Directors of Espey Mfg. & Electronics Corp. (the “Company”) for use in voting at the Annual Meeting of the Shareholders of the Company to be held at the Embassy Suites by Hilton, 86 Congress Street, Saratoga Springs, New York, on December 6, 2024, at 9:00 a.m., Eastern Standard Time, and at any postponement or adjournment thereof, for the purposes set forth in the attached Notice of Meeting. It is anticipated that the Notice of Annual Meeting of Shareholders, this Proxy Statement and the form of proxy will be mailed on or about October 25, 2024. VOTING AND REVOCABILITY OF PROXIES Every properly dated, executed and returned proxy will be voted at the Annual Meeting in accordance with the instructions of the shareholder. If no specific instructions are given, the shares represented by such proxy will be voted (i) FOR the election of the Class A Directors nominated by the Board of Directors, for a three year term, and (ii) FOR ratification of the appointment of Freed Maxick CPAs, P.C. as the Company’s independent public accountants for the fiscal year ending June 30, 2025. Any shareholder giving a proxy has the power to revoke it at any time prior to the voting thereof by voting in person at the Annual Meeting, by giving written notice to the Secretary prior to the Annual Meeting, or by signing and delivering a new proxy card bearing a later date. The Company’s only class of voting securities is its Common Stock, par value $.33-1/3 per share (the “Common Stock”). Each share of Common Stock outstanding on the record date will be entitled

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View this DEF 14A filing on SEC EDGAR