Espey Mfg & Elec SEC Filings

Espey Mfg & Electronics Corp director Carl Helmetag reported an insider sale of company stock. On 12/16/2025, he sold 1,000 shares of common stock at $ 44.99 per share.

After this transaction, he directly owns 20,569 shares of Espey common stock and indirectly holds 1,504 shares through an IRA. He also has 18,142 stock options, which are separate derivative securities giving him the right to acquire additional shares.

Espey Mfg. & Electronics Corp. (ESP) has a Form 144 notice indicating a proposed sale of 1,000 shares of its common stock through Fidelity Brokerage Services LLC on the NYSE, with an approximate sale date of 12/12/2025. The shares have an aggregate market value of $43,610, based on the data provided, and there were 2,935,093 shares of this class outstanding at the time referenced. The seller originally acquired the 1,000 common shares on 09/01/1999 via an open market purchase paid in cash. By signing the notice, the person for whose account the securities are to be sold represents that they are not aware of undisclosed material adverse information about the issuer.

Espey Mfg. & Electronics Corp. reported the results of its 2025 Annual Meeting of Stockholders held on December 5, 2025. Stockholders elected Nancy Patzwahl as the Class B Director for a three-year term ending at the 2028 annual meeting, with 1,566,288 votes for, 25,831 withheld, and 654,536 broker non-votes.

On an advisory basis, stockholders approved the compensation of the Company’s named executive officers, with 1,064,634 votes for, 472,064 against, and 55,421 abstentions, plus 654,536 broker non-votes. They also expressed a preference to hold this advisory vote every three years, and the Board decided to follow this schedule, with the next vote planned for 2028.

Stockholders ratified the appointment of Withum, successor to Freed Maxick, P.C., as independent registered public accounting firm for the fiscal year ending June 30, 2026, with 2,108,397 votes for, 17,505 against, and 120,753 abstentions. The Company later announced that Nancy Patzwahl was appointed Chair of the Audit Committee effective December 5, 2025, succeeding Paul Corr, who remains a director and Audit Committee member.

ESP has a notice of proposed sale of restricted stock under Rule 144. The filing person plans to sell 5,181 common shares through Fidelity Brokerage Services LLC on the AMEX, with an indicated aggregate market value of $202,465.00. These shares were acquired on 09/17/2025 through an ESOP compensation transaction from the issuer. The filing lists 2,935,093 common shares outstanding, giving context for the size of this planned sale relative to the total share base.

Espey Mfg. & Electronics (ESP) reported stronger profitability for the three months ended September 30, 2025 despite lower sales. Net sales were $9,092,876 versus $10,443,218 a year ago, while gross profit rose to $3,217,002 as gross margin improved to 35.4% from 26.8%. Operating income was $2,065,736 and other income increased to $491,782 on higher interest income. Net income reached $2,169,836, with EPS of $0.80 basic and $0.76 diluted. Management cites product mix, labor efficiencies, and material savings on major programs, partially offset by higher costs on certain fixed‑price engineering contracts.

Cash generation and backlog were solid. Net cash provided by operating activities was $5,720,090. Cash and cash equivalents were $22,220,227, with investment securities of $24,688,473. Contract liabilities rose to $27,974,103, reflecting advances on specific contracts. The order backlog was approximately $141.1 million, with deliveries spread across fiscal 2026 and later years. Espey paid $1.00 per share in dividends during the quarter (including a $0.75 special) and invested $1,290,569 in plant and equipment, partially reimbursed by a Navy-related funding award.

Espey Mfg. & Electronics Corp. (ESP) announces its 2025 Annual Meeting on December 5, 2025 at 9:00 a.m. ET in Saratoga Springs, NY. Shareholders of record at the close of business on October 16, 2025 may vote; 2,933,593 shares of Common Stock were outstanding as of that date.

The agenda includes: electing one Class B Director, ratifying WithumSmith+Brown, PC as independent public accountants for the fiscal year ending June 30, 2026, an advisory say‑on‑pay vote, and an advisory vote on say‑on‑pay frequency. The Board nominates Nancy K. Patzwahl for a three‑year term and recommends voting FOR her election, FOR auditor ratification, FOR the say‑on‑pay resolution, and for a frequency of every three years.

Governance notes include an independent Board (except the CEO), active committee structure, and disclosed director and executive compensation. Pay‑versus‑performance data show total shareholder return values of 315, 148, and 114 for fiscal 2025, 2024, and 2023 respectively, alongside net income of $8,142k, $5,815k, and $3,677k.

Espey Mfg. & Electronics Corp. reported fiscal-year results showing increased profitability and contract activity while remaining highly dependent on U.S. Government customers. Management disclosed net income and comprehensive income in fiscal 2025, with income before tax of $9,728,664 versus $7,295,014 the prior year. Revenue recognized from milestones totaled $8,607,314 for the year ended June 30, 2025, up from $5,332,486 a year earlier. The company reported a backlog of $139.7 million expected to be recognized across future years (35% in 2026, 19% in 2027, 15% in 2028, and 31% thereafter).

Espey emphasized risks tied to U.S. Government defense budgets, contract termination or default, supply-chain and materials price changes, and cybersecurity obligations under DFARS. Customer concentration is high: six customers represented 74% of sales in 2025 and three customers represented 51% of trade receivables at June 30, 2025. The company received a $3.4 million Navy funding award for facility and equipment upgrades (Company must invest ~15% or $508,000 and, as of June 30, 2025, had not received milestone reimbursements). Cash and working-capital movements include an increase in cash and equivalents of $14,510,675 and reported cash used in investing and financing activities in the periods shown. The report also describes ESOP activity, stock-based compensation, and a single-reportable-segment management structure.

David A. Oneil, who serves as President & CEO and a director of Espey Mfg & Electronics Corp (ESP), reported insider transactions on 09/11/2025. The filing shows a non-derivative purchase of 5,000 shares of common stock at $16.54 per share. The report also records the acquisition/exercise of 5,000 stock options with an exercise/conversion price of $16.54, exercisable 09/08/2025 and expiring 09/08/2033, relating to 5,000 underlying shares. The form lists 16,250 shares beneficially owned following the stock purchase line and 9,175 derivative securities beneficially owned following the option transactions. The reporting person also discloses owning 20,725 shares of common stock in his ESOP account.