---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-000819"
form_type: "8-K"
ticker: "ESP"
cik: "0000033533"
company_name: "ESPEY MFG & ELECTRONICS CORP"
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:24:37.761390+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Espey raises quarterly dividend 14% to $0.20; new CEO employment agreement through 2026

## Summary
- Dividend increased 14% to $0.20 per share; payable June 24, 2024 to holders of record June 17, 2024.
- New employment agreement with CEO David O'Neil runs through December 31, 2026; base salary $300,296.
- Performance bonus capped at 100% of base salary, tied to discretionary, sales/backlog growth, and operating earnings growth.
- Severance: 9 months' base pay if terminated without cause; 18 months if terminated after a change of control.
- Jennifer Pickering appointed Assistant Corporate Secretary; joined as Chief HR Officer in April 2024.

## SEC filing metadata
- accession: 0001174947-24-000819
- form_type: 8-K
- ticker: ESP
- cik: 0000033533
- company_name: ESPEY MFG & ELECTRONICS CORP
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33533/000117494724000819/0001174947-24-000819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33533/000117494724000819/form8k-32447_esp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-000819
- JSON: https://secwatch.observer/filing/0001174947-24-000819.json
- Plain text: https://secwatch.observer/filing/0001174947-24-000819.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.