secwatch.observer — SEC 8-K summary
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Issuer:     ESPEY MFG & ELECTRONICS CORP (ESP)
CIK:        0000033533
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001174947-22-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Espey appoints David O'Neil as CEO and Katrina Sparano as CFO effective Jan 1, 2022
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- Patrick Enright Jr. resigned as President/CEO and from the Board, effective Dec 31, 2021, after seven years of service.
- David O'Neil, previously Treasurer/CFO and EVP since 2016, named President and CEO effective Jan 1, 2022.
- Katrina Sparano, previously Assistant Treasurer/PCA, promoted to Treasurer and CFO effective Jan 1, 2022.
- O'Neil's two-year employment agreement includes $275,000 base salary and performance bonus up to 100% of base.
- Sparano's one-year automatically renewing agreement includes $176,000 base salary and discretionary bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33533/000117494722000020/0001174947-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33533/000117494722000020/form8k-27152_esp.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-000020

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