other
confidence high
sentiment neutral
materiality 0.25
Espey enters new employment agreements with CHRO and PFO, including 9-month severance
ESPEY MFG & ELECTRONICS CORP
- Agreements with Jennifer Pickering (CHRO/Corp. Sec.) and Kaitlyn O'Neil (PFO/Treasurer) effective March 7, 2025.
- Terms automatically renew annually unless 60 days' notice of non-renewal is given.
- If terminated without cause or for good reason, each officer receives 9 months base salary severance.
- Base salary subject to annual review and may be adjusted but not decreased.