What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2021-09-24 compared with 2020-09-21 · 24 added, 28 removed, 31 unchanged (63% of the section changed)

Market for the Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases

of Equity Securities

Market for the Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity

Price Range of Common Stock

The table below shows the range of high

and low prices for the Company's common stock on the NYSE American (symbol "ESP"), the principal market for trading in

the common stock, for each quarterly period for the last two fiscal years ended June 30:

The table below shows the range of high and

low prices for the Company's common stock on the NYSE American (symbol "ESP"), the principal market for trading in the common

stock, for each quarterly period for the last two fiscal years ended June 30:

First Quarter

6 unchanged sentences

Fourth Quarter

The approximate number of holders of

record of the common stock was 65 on September 16, 2020 according to records of the Company's

transfer agent.

The approximate number of holders of record

of the common stock was 61 on September 20, 2021 according to records of the Company's transfer

Included in this number are shares held in "nominee"

or "street"

name and, therefore, the number

of beneficial owners of the common stock is believed to be substantially in excess of the foregoing number.

The Company paid regular cash dividends

on common stock of $1.00 per share for the fiscal year ended June 30, 2020 and paid regular cash dividends on common stock of $1.00

per share and a special cash dividend of $1.00 per share for the fiscal year ended June 30, 2019.

The Board of Directors has authorized

the payment of a fiscal year 2021 first quarter regular dividend of $0.25 payable October 14, 2020 to shareholders of record on

October 5, 2020.

Our Board of Directors assesses the Company’s dividend policy periodically.

There is no assurance that the

Board of Directors will maintain the amount of the regular cash dividend or declare a special dividend during any future years.

During fiscal year 2020, the Company

sold 3,600 shares of common stock to certain employees and directors as they exercised options granted under a shareholder approved

The prices ranged from $19.20 a share to $25.18 a

The securities were sold for cash.

Proceeds are used for general working capital purposes.

The Company did not make any open market

purchases of equity securities in the fiscal year 2020 fourth quarter.

The following table sets forth information

as of June 30, 2020 with respect to compensation plans under which equity securities of the Company may be issued.

name and, therefore, the number of beneficial

owners of the common stock is believed to be substantially in excess of the foregoing number.

Effective March 9, 2021, the Company suspended

the payment of regular quarterly dividends.

The Company paid regular cash dividends on common stock of $0.50 per share for the fiscal

year ended June 30, 2021 and paid regular cash dividends on common stock of $1.00 per share for the fiscal year ended June 30, 2020.

Board of Directors assesses the Company’s dividend policy periodically.

During fiscal year 2021, the Company sold 300,000

shares of its common stock to the Trustees of The Espey Mfg.

& Electronics Corp.

Employee Stock Ownership Plan Trust (the “ESOP”).

The ESOP paid $18.29 per share, for an aggregate purchase price of $5,487,000.

The ESOP borrowed from the Corporation an amount equal

to the purchase price.

The Company did not make any open market purchases

of equity securities in the fiscal year 2021 fourth quarter.

The following table sets forth information as

of June 30, 2021 with respect to compensation plans under which equity securities of the Company may be issued.

Equity Compensation Plan Information

19 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity