UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported):
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September 9, 2003
Espey Mfg. & Electronics Corp.
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(Exact name of registrant as specified in charter)
New York 1-4383 14-1387171
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(State or other jurisdiction (Commission file number) (IRS employer of
incorporation) identification no.)
233 Ballston Avenue, Saratoga Springs, NY 12866
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (518) 584-4100
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ITEM 4. Changes in Registrant's Certifying Accountant
(a) On September 9, 2003, the audit committee of Espey Mfg. & Electronics Corp.
dismissed PricewaterhouseCoopers LLP as its independent accountants. The
Company's Audit Committee has appointed another independent public accounting
firm, subject to such firm's normal client acceptance processes and procedures,
and the Company intends to file a Form 8-K upon completion of this process.
(b) The reports of PricewaterhouseCoopers LLP on the Company's consolidated
financial statements for each of the two years in the period ended June 30, 2003
and 2002, did not contain any adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope, or accounting
principles.
(c) In connection with its audits for the two most recent fiscal years and
through September 9, 2003, there have been no disagreements with
PricewaterhouseCoopers LLP on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not
resolved to the satisfaction of PricewaterhouseCoopers LLP, would have caused
them to make reference thereto in their report on the finacial statements for
such years.
(d) During the two most recent fiscal years and through September 9, 2003, there
have been no reportable events as defined is SK304(a)(1)(v).
(e) The Company has requested PricewaterhouseCoopers LLP to furnish a letter
addressed to the Securities and Exchange Commission stating whether it agrees
with the above statements. A copy of the letter is attached as Exhibit 16.1 to
this report.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
16.1 Letter of PricewaterhouseCoopers LLP to the Securities and Exchange
Commission
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be filed on its behalf by
the undersigned hereunto duly authorized.
ESPEY MFG. & ELECTRONICS CORP.
/s/ David A. O'Neil
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David A. O'Neil, Treasurer and
Principal Financial Officer
Dated: September 16, 2003
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EXHIBIT INDEX
Exhibit No. Description
16.1 Letter of PricewaterhouseCoopers LLP to the Securities and
Exchange Commission
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