Espey Mfg & Electronics Corp changes auditors to PKF O'Connor Davies

Espey Mfg & Electronics Corp has announced a significant change in its financial oversight by appointing PKF O'Connor Davies as its new independent auditor. This decision follows the dismissal of WithumSmith+Brown, which had served as the company's auditor for the past two fiscal years. The move is effective as of October 13, 2026, and is seen as a strategic step to enhance the company's financial reporting and compliance.

Espey Mfg & Electronics Corp, based in Saratoga Springs, New York, operates in the electronic components sector, specifically classified under SIC 3679, which includes electronic components not elsewhere classified. The company trades on the NYSE under the ticker symbol ESP. This recent filing is part of a series of regulatory submissions, including a forthcoming DEF 14A filing scheduled for October 26, 2026.

According to the filing dated October 16, 2026, the Audit Committee of Espey Mfg & Electronics Corp recommended the change in auditors. The company stated, "On October 13, 2026, upon the recommendation and approval of the Audit Committee of the Board of Directors... the Company dismissed WithumSmith+Brown, PC as its independent registered public accounting firm." The filing also confirmed that PKF O'Connor Davies was selected as the new auditor for the fiscal year ending June 30, 2027, pending the completion of standard client acceptance procedures.

This change in auditors may impact various stakeholders, including investors, employees, and regulatory bodies. Investors may view this move as a positive step toward improved financial governance, while employees could experience changes in internal financial processes. Regulatory bodies will monitor the transition to ensure compliance with financial reporting standards.

The filing does not specify any further actions or upcoming filings related to this auditor change, but it does indicate that the company has provided Withum with a copy of the disclosures being made in the current report and has requested a letter from Withum addressing their agreement with the statements made.