---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-001188"
form_type: "8-K"
ticker: "ESP"
cik: "0000033533"
company_name: "ESPEY MFG & ELECTRONICS CORP"
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:24:12.291988+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Espey Mfg. signs new CEO contract with David O'Neil; base $400K, bonus up to $250K

## Summary
- Employment agreement effective July 1, 2025 through June 30, 2028, replacing prior June 2024 agreement.
- Base salary of $400,000 annually, subject to annual review but no decrease.
- Performance-based cash bonus max of $250,000 (unchanged from prior agreement).
- Severance: 9 months base salary if terminated without cause or for good reason; 18 months if tied to change of control.
- Noncompete for 12 months post-termination; 9 months if without cause, 18 months if change of control.

## SEC filing metadata
- accession: 0001174947-25-001188
- form_type: 8-K
- ticker: ESP
- cik: 0000033533
- company_name: ESPEY MFG & ELECTRONICS CORP
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33533/000117494725001188/0001174947-25-001188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33533/000117494725001188/form8k-34672_esp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-001188
- JSON: https://secwatch.observer/filing/0001174947-25-001188.json
- Plain text: https://secwatch.observer/filing/0001174947-25-001188.txt

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