Espey Mfg & Electronics Corp 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedJune 30,2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number1-4383 ESPEY MFG. & ELECTRONICS CORP. (Exact name of registrant as specified in its charter) 14-1387171(I.R.S. Employer's Identification No.) 233 Ballston Avenue,Saratoga Springs,New York12866(Address of principal executive offices) 518-584-4100(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act Title of each classTrading SymbolName of each exchange on which registeredCommon Stock $.33-1/3 par valueESPNYSE American Securities registered pursuant to Section 12(g) of the ActNone Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☐Yes☒No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.☐Yes☒No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submitted andposted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit and post such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company: ☐Non-accelerated filer☒Smaller reporting company☐Emerging growth company ☐Large accelerated filer☐Accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b)☐ Indicate by check mark whether the registrant is a shell company.☐Yes☒No The aggregate market value of the voting stock held by non-affiliates of the registrant was $64,226,066based upon the closing saleprice of $30.15 on the NYSE American on December 31, 2024. At September 14, 2025 there were2,924,418shares outstanding of the registrant's Common stock, $.33-1/3 par value. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive proxy statement relating to the 2025 Annual Meeting of Shareholders, to be filed with theSecurities and Exchange Commission, are incorporated by reference in Part III, Items 10 through 14 on Form 10-K as indicated herein. Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements that are based on management’s expectations, estimates,projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations ofthese words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are madepursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are notguarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Therefore, actual future resultsand trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, withoutlimitation:●Changing priorities or decreases in the U.S. government’s defense budget (including changes in priorities in response to terrorist threats, improvement of homeland security and general U.S. Government budgetary issues);●Termination of government contracts due to unilateral government action;●Differences in anticipated and actual program performance, including the ability to pe