EX-99.1 2 ex99-1.htm EX-99.1 Espey Mfg. & Electronics Corp. Announces Retirement of Chief Financial Officer and Treasurer and Appointment of New Principal Financial Officer and Treasurer Saratoga Springs, NY, February 18, 2025 - Espey Mfg. & Electronics Corp. (NYSE American: ESP), a leading designer and manufacturer of innovative industrial and defense electronic solutions, announces the retirement of its Chief Financial Officer and Treasurer, Katrina Sparano, and the appointment of Kaitlyn O’Neil, who has been employed by the Company since January 6, 2025, as the company’s new Principal Financial Officer and Treasurer, both effective February 15, 2025. David O’Neil, President and Chief Executive Officer, stated: “After 20 years of distinguished service, Ms. Sparano leaves behind a legacy of financial leadership and solid business results. During her tenure, Ms. Sparano played a key role in guiding the Company through record profitability and substantial growth, positioning Espey Mfg. & Electronics Corp. for long-term success in a dynamic market. ” Kaitlyn O’Neil has been appointed the Company’s new Principal Financial Officer and Treasurer. She is a Certified Public Accoun…
Open exhibit ↗Current Report · Items 5.02, 8.01, 9.01 · 8-K
Espey Mfg. & Electronics Corp
ESPNYSE_AMERICANEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Katrina Sparano retired as the Company’s Chief Financial Officer and Treasurer effective February 15, 2025. Kaitlyn O’Neil was appointed as the Company’s new Principal Financial Officer and Treasurer, effective such date. Ms.…
Disclosure sections
Item 5.02Item 5.02 - Departure/Election of Directors
ITEM 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Katrina Sparano retired as the Company’s Chief
Financial Officer and Treasurer effective February 15, 2025. Kaitlyn O’Neil was appointed as the Company’s new Principal Financial
Officer and Treasurer, effective such date.
Ms. O’Neil, age 32, has been employed by the
Company since January 6, 2025. From September 2021 until her employment by the Company, she was employed by Octo Telematics North America,
LLC, Auburndale, MA as Finance Director. Prior thereto, from April 2017 to September 2021, she was employed by Precisely Holdings, LLC,
Burlington, MA, in various finance department positions. From January 2015 to April 2017, she was employed by KPMG LLP as Senior Audit
Associate.
Ms. O’Neil is a Certified Public Accountant.
In her prior employment, she was engaged in financial planning and analysis, tax compliance, the financial aspects of merger and acquisition
activity, and the audits of publicly traded companies.
Ms. O’Neil is unrelated to David O’Neil,
the Company’s President and Chief Executive Officer.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
On February 18, 2025, the Company issued a press release announcing the
retirement of Katrina Sparano, Chief Finance Officer and Treasurer and the appointment of Kaitlyn O’Neil as Principal Financial
Officer and Treasurer. A copy of the press release is attached hereto as Exhibit 99.1.