UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
August 17, 2009
ESPEY MFG & ELECTRONICS CORP.
(Exact name of registrant as specified in its charter)
New York 001-04383 14-1387171
(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification No.)
233 Ballston Avenue 12866
Saratoga Springs, New York
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(518) 584-4100
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 17, 2009, Espey Mfg. & Electronics Corp. (the "Company") entered an
employment agreement with David O'Neil, the Company's Treasurer and Principal
Financial Officer. The agreement provides that upon Mr. O'Neil's termination
without cause prior to August 31, 2012, he will be provided his then current
salary and benefits he was receiving at the time of his discharge including, but
not limited to, health care benefits, with the exception of stock options and
bonuses for a period of six months or until Mr. O'Neil starts other employment.
The full text of the agreement is attached to this Report as Exhibit 10.2.
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit No. Document
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10.2 Employment Agreement with David O'Neil dated August 17, 2009
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 17, 2009 ESPEY MFG. & ELECTRONICS CORP.
By: /s/ David A. O'Neil
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David A. O'Neil, Treasurer and Principal
Financial Officer
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