Espey Mfg. & Electronics Corp. announced that it has increased the number of authorized directors from seven to nine and that Roger N. Sexauer and David O Neil have been appointed by its Board of Directors to fill the two vacancies. Mr. Sexauer recently retired from DRS Technologies Inc. where he served in various senior executive positions, most recently holding the position Executive Vice President of Corporate Business Development. He had also served as President of DRS's $1.2 billion in annual sales Maritime and Combat Support Systems Group. Prior to his employment with DRS, Mr. Sexauer held senior positions with several other companies in the defense industry and served as a qualified nuclear officer in the United States Navy. Mr. O Neil is the company's Executive Vice President, Treasurer and Chief Financial Officer and has been employed by Espey since January 4, 2000. He served as the company's interim President and Chief Executive Officer during the period June 2, 2014 to January 31, 2015.

The company has declared a regular quarterly dividend of $0.25 per share. The dividend will be payable on June 26, 2018 to all shareholders of record on June 15, 2018.