ESPEY MFG & ELECTRONICS CORP 10-K

Item 9A. Controls and Procedures Evaluation of Controls and Procedures (a) The Company's management, with the participation of the Company's Chief Executive Officer and Principal Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this Annual Report on Form 10-K. Based on such evaluation, our Chief Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report. (b) There have been no changes in our internal controls over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting. Management’s Report on Internal Control over Financial Reporting Management of our Company is responsible for establishing and maintaining adequate internal control over financial reporting, as that term is defined in Exchange Act Rules 13a-15(f) and 15d-15(f). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of our management, including the Chief Executive Officer and Principal Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting using the criteria set forth in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013. Based on our evaluation using the criteria set forth in Internal Control-Integrated Framework, management has concluded that our internal control over financial reporting was effective as of June 30, 2025. This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Our report was not subject to attestation by our registered public accounting firm pursuant to rules of the SEC that permit us to provide only management’s report in this annual report. Item 9B. Other information None 32 PART III The information called for by "Item 10. Directors, Executive Officers, and Corporate Governance", "Item 11. Executive Compensation", "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters", "Item 13. Certain Relationships and Related Transactions, and Director Independence" and "Item 14. Principal Accountant Fees and Services", is hereby incorporated by reference to the Company's Proxy Statement for its Annual Meeting of Shareholders, (scheduled to be held on December 5, 2025) to be filed with the SEC pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. PART IV Item 15. Exhibits, Financial Statement Schedules, Signatures 3.1 Certificate of incorporation and all amendments thereto (incorporated by reference to Exhibit 3.1 to Espey’s Report on Form 10-K for the year ended June 30, 2004 and Report on Form 10-Q for the quarter ended December 31, 2004 ) 3.2 Amended and Restated By-Laws ( incorporated by reference to Exhibit 3.2 to Espey’s Report on Form 8 -K dated September 21, 2020 ) 4.1 Description of Capital Stock ( incorporated by reference to Espey's Report on Form 8-K dated October 7, 2005 ) 10.3 2007 Stock Option and Restricted Stock Plan ( incorporated by reference to Espey’s Proxy Statement dated October 23, 2007 for the November 30, 2007 Annual Meeting ) 10.4 2017 Stock Option and Restricted Stock Plan ( incorporated by reference to Espey’s Proxy Statement dated October 27, 2017 for the December 1, 2017 Annual Meeting ) 10.13 Employment Agreement dated September 8, 2025 with David O’Neil (filed herewith) 10.14 Employment Agreement with Peggy Murphy ( incorporated by reference to Exhibit 10.14 on Espey’s Report on Form 10–Q dated February 14, 2022 ) 10.18 Stock Purchase Agreement dated as of December 1, 2020 between Espey Mfg. & Electronics Corp. and The Trustees of the Espey Mfg. & Electronics Corp. Employee Retirement Plan Trust ( incorporated by reference to Exhibit 10.18 on Espey’s Report on Form 8-K dated December 1, 2020 ) 10.19 ESOP Loan Agreement dated as of December 1, 2020 between The Trustees of Espey Mfg. & Electronics Corp. Employee Retirement Plan Trust and Espey Mfg. & Electronics Corp. ( incorporated by reference to Exhibit 10.19 on Espey’s Report on Form 8-K dated December 1, 2020 ) 10.20 Employment Agreement dated January 1, 2022 with Katrina L. Sparano ( incorporated by reference to Exhibit 10.20 on Espey’s Report on Form 8–K dated January 1, 2022 ) 10.21 Employment Agreement dated March 15, 2025 with Jennifer M. Pickering (filed herewith) 10.22 Employment Agreement dated March 15, 2025 with Kaitlyn O’Neil (filed herewith) 14.1 Code of ethics (incorporated by reference to Espey’s website www.espey.com) 19.1 Policy on Insider Trading (Revised March 8, 2024) ( incorporated by reference to Exhibit 19.1 on Espey’s Report on Form 10 –K dated September 27, 2024 ) 23.1 Consent of Freed Maxick, P.C. (filed herewith) 33 31.1 Certification of the Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) 31.2 Certification of the Principal Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) 32.1 Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith) 32.2 Certification of the Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith) 97.1 Policy Related to Recovery of Erroneously Awarded Compensation ( incorporated by reference to Exhibit 19.1 on Espey’s Report on Form 10 –K dated September 27, 2024 ) 34 S I G N A T U R E S Pursuant to the requirements of Section 13 and 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ESPEY MFG. & ELECTRONICS CORP. /s/ David O’Neil David O’Neil President and Chief Executive Officer September 16, 2025 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. /s/David O’Neil President and Chief Executive Officer David O'Neil September 16, 2025 /s/Kaitlyn O’Neil Principal Financial Officer Kaitlyn O’Neil September 16, 2025 /s/Carl Helmetag Chairman of the Board Carl Helmetag September 16, 2025 /s/Paul J. Corr Director Paul J. Corr September 16, 2025 /s/Nancy Patzwahl Director Nancy Patzwahl September 16, 2025 /s/Michael W. Wool Director Michael W. Wool September 16, 2025 35