FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report(Date of earliest event reported) July 15, 1996(July 10, 1996)
ESPEY MFG. & ELECTRONICS CORP.
(Exact name of registrant as specified in its charter)
New York I-4383 14-1387171
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
P.O. Box 422, Saratoga Springs, New York 12866
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 518-584-4100
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Materially Important Events.
On July 10, 1996 the registrant issued a
press release announcing the retirement of Mr. Sol Pinsley
as President and Chief Executive Officer. Mr. Pinsley will
remain as Chairman of the Board of Directors and pursuant
to his employment contract will remain as a non-executive
officer employee. The terms of Mr. Pinsley's employment
contract were included in the registrant's 8-K filing dated
June 13, 1995. Mr. Joseph Canterino will replace Mr.
Pinsley on an interim basis. The complete text of the
press release is attached and incorporated by reference
into this filing.
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
thereunto duly authorized.
ESPEY MFG. & ELECTRONICS CORP.
Herbert Potoker, Treasurer
Dated: July 11, 1996
FOR IMMEDIATE RELEASE
PRESS RELEASE
SARATOGA SPRINGS, NY, JULY 10, 1996 - ESPEY MFG. &
ELECTRONICS CORP. (AMEX:ESP) ANNOUNCES THAT EFFECTIVE
AUGUST 1, 1996, MR. SOL PINSLEY WILL RETIRE AS PRESIDENT
AND CHIEF EXECUTIVE OFFICER. MR. PINSLEY WILL REMAIN AS
CHAIRMAN OF THE BOARD OF DIRECTORS, AND PURSUANT TO HIS
EMPLOYMENT CONTRACT HE WILL REMAIN AS NON-EXECUTIVE OFFICER
EMPLOYEE AT A REDUCED COMPENSATION LEVEL. MR. JOSEPH
CANTERINO, A VICE PRESIDENT OF THE COMPANY, WILL REPLACE
MR. PINSLEY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER ON AN
INTERIM BASIS. ESPEY MFG. & ELECTRONICS CORP., BASED IN
SARATOGA SPRINGS, NY, IS PRINCIPALLY ENGAGED IN THE DESIGN
AND MANUFACTURE OF POWER CONDITIONING APPARATUS AND RELATED
ELECTRONIC EQUIPMENT.
