UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

 INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

Filed by the Registrantx

Filed by a Party other than the Registranto

Check the appropriate box:

Payment of Filing Fee (Check the appropriate box):

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 Electronic Systems Technology, Inc.                                   Phone:   509-735-9092

415 N. Quay Street, Building B1, Kennewick, WA 99336     Fax:       509-783-5475

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

 to be held on June 1, 2012April 27, 2015

Dear Stockholder:Shareholder:

TheYou are cordially invited to attend Electronic System Technology, Inc.’s Annual Meeting of Stockholders of Electronic Systems Technology, Inc. (EST), a Washington Corporation,Shareholders on Friday, June 5, 2015 at 3:00 p.m. Pacific time.  The meeting will be held at the Company’s locationheadquarters located at 415 N. Quay St, BldgBldg. B1, Kennewick, Washington on Friday, June 1, 2012Washington. The matters to be acted upon at 3:00 p.m. Pacific time for the following purposes:meeting are described in the attached Notice of Annual Meeting of Shareholders and Proxy Statement.

1.  To elect membersThe Company is once again taking advantage of the Board of Directors

2.  To ratify the selection of DeCoria, Maichel & Teague, P.S., as independent registered accountants for the Corporation

3.  To transact such other business as may properly come before the meeting and any postponement(s) or             adjournment(s) thereof.

Pursuant to rules adopted by the Securities and Exchange Commission ("SEC"), we have electedrules that allows us to provide access to our proxy materials over the Internet. We believe that adopting this methodOn or about May 2, 2015 we will help us expedite your receipt of the proxy materials, lower our cost of delivery and help to conserve resources. Accordingly, we are sendingbegin mailing a Notice of Internet Availability of Proxy Materials ("Notice") to certain shareholders. Westockholders informing them that the Proxy Statement, 2014 Annual Report (when filed) and voting instructions are also mailing a full set of proxy materials, including a proxy card, to certain shareholders beginning on the date we file the attached proxy statement with the SEC. All shareholders will have the abilityavailable online.

As more fully described in that Notice, all Stockholders may choose to access the proxy materials on the website referred to in the NoticeInternet or may request a printed setpaper copies of the proxy materials. Instructions on howWe believe that using the Internet reduces costs, provides greater flexibility to accessour shareholders, and conserves resources.  Subsequent to the formal meeting and its items of business at the Annual Meeting, I will review major Company developments over the past year and share with you our plans for the future. You will have an opportunity to ask questions and express your views to the management of the Company. Members of the Board of Directors will also be present.

Whether or not you are able to attend the Annual Meeting in person, it is important that your shares be represented. Please vote your shares using the Internet or by requesting a printed copy of the proxy materials overand completing and returning by mail the Internet orproxy card you will receive in response to request a printed copy may be foundyour request. Instructions on each of these voting methods are outlined in the Notice and in the attached proxy statement. In addition, shareholders may request to receive proxy materials in printed form by mail or electronically by email on an ongoing basis.enclosed Proxy Statement. Please vote as soon as possible.

Only Stockholders of record at the close of businessI hope to see you on April 23, 2012 are entitled to notice of, to attend and to vote at the meeting.June 5, 2015.

YOUR VOTE IS VERY IMPORTANT. Whether or not you plan to attend the Annual Meeting of Shareholders, we urge you to vote and submit your proxy by the Internet or mail (see below for instructions) in orderor mail so that a quorum may be represented at the meeting. Any person giving a proxy has the power to ensure the presence of a quorum. If you attendrevoke it at any time, and stockholders who are present at the meeting you will have the right to revoke your proxynay withdraw their proxies and vote your shares in person.  If you hold your shares through an account with a brokerage firm, bank or other nominee, please follow the instructions you receive from them to vote your shares.

By order of the Board of Directors,

ELECTRONIC SYSTEMS TECHNOLOGY, INC.

By order of the Board of Directors, ELECTRONIC SYSTEMS TECHNOLOGY, INC. /s/ T. L. Kirchner                  T.L. Kirchner, President May 4, 2015 / Approximate Date of mailing to Shareholders

T.L. Kirchner, President

April 30, 2012 / Approximate Date of mailing to Stockholders

Important Notice Regarding the Availability of Proxy Materials for the
Shareholder Meeting to Be Held on June 1, 2012:
5, 2015:

The Notice of Annual Meeting and Proxy Statement and Annual Report to Shareholders are available at http://www.esteem.com/about/corporate-information.html.Voting by the Internet is fast, convenient and your vote is immediately confirmed and posted. For registered shareholders to vote by the Internet, first read the accompanying Proxy Statement and then follow the instructions below:

VOTE BY INTERNET

1.

Go to www.investorvote.com/ELST.

2.

Follow the step-by-step instructions provided.

PLEASE DO NOT RETURN THE ENCLOSED PAPER BALLOT IF YOU ARE VOTING OVER THE INTERNET.

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

TO BE HELD JUNE 5, 2015

To the Shareholders of Electronic Systems Technology, Inc.:

The Annual Meeting of Shareholders of  Electronic Systems Technology, Inc. (the “Company”), a  Washington Corporation, will be held at the Company’s location at 415 N. Quay St, Bldg B1, Kennewick, Washington, on June 5, 2015 at 3:30 p.m. Pacific Time for the following purposes:

1.

To elect Directors.

2.

To ratify DeCoria, Maichel & Teague as Independent Auditors.

3.

To approve, on a non-binding advisory basis, the compensation paid to our Named Executive Officers

4.

To transact such other business as may properly come before the meeting and any postponement(s) or adjournment(s) thereof.

Only Shareholders of record, at the close of business on April 16, 2015, are entitled to notice of and to attend and to vote at the meeting. Interested parties are encouraged to visit the Company’s website atwww.esteem.com for additional information.Information on our website does not form any part of the material for solicitation of proxies.

By order of the Board of Directors,

ELECTRONIC SYSTEMS TECHNOLOGY, INC.

/s/ T. L. KIRCHNER

T.L. Kirchner, President

April 30, 2015 / Approximate Date of mailing to Shareholders

WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING IN PERSON, PLEASE VOTE AS PROMPTLY AS POSSIBLE USING THE INTERNET OR THE DESIGNATED TOLL-FREE TELEPHONE NUMBER, OR BY REQUESTING A PRINTED COPY OF THE PROXY MATERIALS AND COMPLETING AND RETURNING BY MAIL THE PROXY CARD YOU WILL RECEIVE IN RESPONSE TO YOUR REQUEST. THIS IS IMPORTANT FOR THE PURPOSE OF ENSURING A QUORUM AT THE MEETING.ANY PERSON GIVING A PROXY HAS THE POWER TO REVOKE IT AT ANY TIME, AND SHAREHOLDERS WHO ARE PRESENT AT THE MEETING MAY WITHDRAW THEIR PROXIES AND VOTE IN PERSON. IF YOU HOLD YOUR SHARES THROUGH AN ACCOUNT WITH A BROKERAGE FIRM, BANK OR OTHER NOMINEE, PLEASE FOLLOW THE INSTRUCTIONS YOU RECEIVE FROM THEM TO VOTE YOUR SHARES.

ELECTRONIC SYSTEMS TECHNOLOGY, INC.

415 N. Quay Street, Bldg B1

Kennewick, Washington 99336

 (509) 735-9092

PROXY STATEMENT

Relating to

ANNUAL MEETING OF SHAREHOLDERS

toTo be held on June 1, 20125, 2015

INTRODUCTION

This Proxy Statement is being furnished by the Board of Directors of Electronic Systems Technology, Inc., a Washington corporation (the “Corporation”), to holders of shares of the Corporation's Common Stock (“Common Stock”) in connection with the solicitation by the Board of Directors of proxies to be voted at the Annual Meeting of Shareholders of the Corporation to be held on Friday, June 1, 2012,5, 2015 at 3:00 pmp.m. Pacific time, and any adjournment or adjournments thereof (the “Annual Meeting”) for the purposes set forth in the accompanying Notice of the Annual Meeting.  The Annual Report of the Corporation for the year ending December 31, 20112014 was mailed to stockholdersShareholders in conjunction with the mailing of this Proxy Statement,Statement; however, such Annual Report does not form any part of the material for solicitation of proxies.

IMPORTANT NOTICE REGARDING INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JUNE 1, 20125, 2015

Our Notice of Annual Meeting and Proxy Statement and Annual Report are available at: http://www.esteem.com/about/corporate-information.html

PURPOSES OF ANNUAL MEETING

Election of Directors

At the Annual Meeting, shareholders entitled to vote (see “Voting at Annual Meeting”) will be asked to consider and take action on the election of Melvin H. Brown Jon Correio and Robert Southworth as directors to the Corporation's Board of Directors to serve for a three year terms.term.  See “Election of Directors.”

Ratification of AuditorAuditors

At the Annual Meeting, Shareholders entitled to vote (see “Voting at Annual Meeting”) will be asked to consider and take action to ratify the appointment of independent auditors. See “Ratification of Auditors”.

Advisory Vote/“Say on Pay”

At the Annual Meeting, shareholders entitled to vote (see “Voting at Annual Meeting”) will be asked to ratify the selection of DeCoria, Maichel & Teague, P.S. (“DMT”) as independent registered accountants for the Corporation for the fiscal year ending December 31, 2012.  See “Approval of Auditors.”provide an advisory vote to approve our executive compensation.

Other Business

To transact other matters as may properly come before the annual meeting, postponement(s) or any adjournment(s) thereof. See “Other Matters”.

VOTING AT ANNUAL MEETING

General

The close of business on the Record Date of April 23, 201216, 2015 has been fixed as the record date for determination of the shareholdersShareholders entitled to notice of, and to vote at the Annual Meeting (the “Record Date”). As of the Record Date, there were issued and outstanding 5,158,667 shares of Common Stock entitled to vote. A majority of such shares will constitute a quorum for the transaction of business at the Annual Meeting. The holders of record on the Record Date of the shares entitled to be voted at the Annual Meeting are entitled to cast one vote per share on each matter submitted to a vote at the Annual Meeting. All action proposed herein may be taken upon a favorable vote of the holders of a majority of such shares of Common Stock represented at the Annual Meeting provided a quorum is present at the meeting in person or by proxy.

Proxies

Shares of Common Stock which are entitled to be voted at the Annual Meeting and which are represented by properly executed proxies will be voted in accordance with the instructions indicated in such proxies.  If no instructions are indicated, such shares will be voted:  (1)FOR election of Melvin H. Brown Jon Correio and Robert Southworth to the Corporation's Board of Directors,

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Directors; (2)FOR the ratification of the selection of DeCoria, Maichel & Teague P.S., as independent registered accountants;Independent Auditors; (3)ATFOR the discretion of the proxy holder, any other matters which may properly come before the Annual Meeting.advisory vote/”say on pay”; (4) Other business.

A shareholderShareholder who has executed and returned a proxymay revoke it at any time before it is voted at the Annual Meeting by executing and returning a proxy bearing a later date, by giving written notice of revocation to the Secretary of the Corporation, or by attending the Annual Meeting and voting in person or delivering instruction to the Corporation via email and with written confirmation. A proxy is not revoked by the death or incompetence of the maker unless, before the authority granted there under is exercised, written notice of such death or incompetence is received by the Corporation from the executor or administrator of the estate or from a fiduciary having control of the shares represented by such proxy.

The indication of an abstention on a proxy or the failure to vote either by proxy or in person will be treated as neither a vote “for” nor “against” the election of any director.Director. Each of the other matters must be approved by the affirmative vote of a majority of shares present in person or represented by proxy at the meeting and entitled to vote, assuming a quorum is present. Abstention from voting will have the practical effect of voting against these matters since it is one less vote for approval. The shares of a shareholderShareholder whose ballot on any or all proposals is marked as “abstain” will be included in the number of shares present at the Annual Meeting for the purpose of determining the presence of a quorum.

Broker non-votes, shares held by brokers or custodians for the accounts of others as to which voting instructions have not been given, will be treated as shares that are present for determining a quorum, but will not be counted for purposes of determining the number of votes cast with respect to a proposal. If you are the beneficial owner of shares held by a broker or other custodian, you may instruct your broker how you would like your shares voted through the voting instruction form included with this Proxy Statement.

If you wish to vote the shares you own beneficially at the meeting, you must first request and obtain a “legal proxy” from your broker or other custodian. If you choose not to provide instructions or a legal proxy, your shares are referred to as “uninstructed shares.” Whether your broker or custodian has the discretion to vote these shares on your behalf are routine matters for consideration at the meeting, in this case, itemitems 2 and 3, the ratification of the appointment of our independent auditoradvisory vote for 2012.“say on pay” proposals. Prior to January 1, 20112010 brokers and custodians were allowed to vote uninstructed shares in uncontested director elections.BeginningAs of January 1, 2010, brokers and custodians can no longer vote uninstructed shares on your behalf in director elections. For your vote to be counted, you must submit your voting instruction form to your broker or custodian.

The Corporation will bear all the costs and expenses relating to the solicitation of proxies, including the costs of preparing, printing and mailing this Proxy Statement and accompanying material to shareholders.  In addition to the solicitation of proxies by use of the mails, the directors, officers, and employees of the Corporation, without additional compensation, may solicit proxies personally or by telephone or telegram.

1.Future Shareholder Communications through the Internet

Shareholders may elect to receive future notices of meetings, proxy materials and annual reports electronically through the Internet. The consent of Shareholders who have previously consented to electronic delivery will remain in effect until withdrawn. To consent to electronic delivery:

The consent to receive Shareholder communications through the Internet may be withdrawn at any time to resume receiving Shareholder communications in printed form.

PROPOSAL 1:  ELECTION OF DIRECTORS

It is intended that the proxies solicited hereby will be voted for election of the nomineesnominee for directorsDirector listed below, unless authority to do so has been withheld. If athe nominee becomes unable to accept election, the Board will either reduce the number of directorsDirector to be elected or select a substitute nominee. If a substitute nominee is selected, proxies will be voted in favor of such nominee.

The Board of Directors is divided into three classes, with the terms of office of each class ending in successive years. The terms of current directors of Class I expire with the 20122015 Annual Meeting, terms of current director of Class II expire with the 20132016 Annual Meeting, and the terms of current directors in Class III expire with the 20142017 Annual Meeting.

Nominees

The nominees for Class I directorsDirectors whose terms,term, if elected, will expire in 20152018 and certain additional information with respect to the nomineesnominee is as follows:

NomineesNominee Name, Position with the Corporation, Principal Occupation(s), Other Directorships, Age, and Ownership:

CLASS I - Three Year Term Expiring June 20122018

Melvin H. Brown:  Mr. Brown is a Director of the Corporation. Mr. Brown is the retired owner and President of Manufacturing Services, Inc. Manufacturing Services provides electronic design and manufacturing solutions. Manufacturing Services provides electronic manufacturing and quality control testing services for Electronic Systems Technology. Mr. Brown does not serve as a directorDirector for any other company registered under the Securities Exchange Act.

Shares beneficially owned do not include 75,000 shares subject to options granted 2-19-10, 2-11-112-10-12, 2-13-13 and 2-10-12.

Melvin H. Brown is the father of Michael S. Brown, both of whom are Directors of the Corporation.  Outside of this family relationship, there are no family relationships, whether by blood, marriage, or adoption, between any of the Directors of Executive Officers of the Corporation.

Jon Correio: Mr. Correio is the Vice President of finance and administration, Secretary/Treasurer and a Director of the Corporation.  During the last five years Mr. Correio has been a full time employee of the Corporation, whose primary duties are to oversee the finance and administration functions of the Corporation.  Mr. Correio does not serve as a director for any other company registered under the Securities Exchange Act.

Age:

44

Shares Beneficially Owned:

2,000

Percent of Class:

0

A Director Since:

2001

Shares beneficially owned do not include 75,000 shares subject to options granted 2-19-10, 2-11-11 and 2-10-12.2-27-14.

Robert Southworth: Mr. Southworth is a Director of the Corporation.  Mr. Southworth is a retired Senior Patent Attorney with the U. S. Department of Energy in Richland, Washington. His primary duties with the Department of Energy were the preparation and prosecution of domestic and foreign patent applications in such fields as nuclear reactors, fuel reprocessing, waste management and energy related fields of solar, wind, and fossil fuels.  Mr. Southworth does not serve as a director of any other company that is registered under the Securities Exchange Act.

Shares beneficially owned do not include 75,000 shares subject to options granted 2-19-10, 2-11-112-10-12, 2-13-13 and 2-10-12.2-27-14.

MANAGEMENT RECOMMENDS THAT THE STOCKHOLDERSSHAREHOLDERS VOTE “FOR” THE NOMINEES TO THE BOARD OF DIRECTORS OF THE CORPORATION

2.PROPOSAL 2: RATIFICATION OF INDEPENDENT REGISTERED ACCOUNTANTSAUDITORS

DeCoria, Maichel & Teague P.S. Independent Certified Public Accountants (“DM-T”), independent public accountants, (“DMT”) have been recommendedselected by the Corporation’s Audit Committee, and therefore selected by Corporation’s Board of Directors as the independent auditor and tax service providerIndependent Auditors for the CorporationCompany for the fiscal year ending December 31, 2012.2015. Shareholder ratification of the selection of DeCoria, Maichel & Teague, P.S.DM-T as the Corporation’s independent registered accountantsCompany’s Independent Auditors is not required by the Bylaws or otherwise. However, Management is submitting the selection of DeCoria, Maichel & Teague, P.S.DM-T to the shareholdersShareholders for ratification as a matter of corporate practice. If the shareholdersShareholders fail to ratify the selection, Management will reconsider whether or not to retain that firm. Even if the selection if ratified, Management in its discretion may direct the appointment of a different independent accounting firm at any time during the year if the Audit Committee determines that such a change would be in the best interests of the CorporationCompany and its shareholders.Shareholders.

DeCoria, Maichel & Teague, P.S.This firm is experienced in the field of accounting and is well qualified to act in the capacity of auditors. DM-T will not be represented at the Annual Meeting,annual meeting, but questions from shareholders will be subsequently presented to the auditors for response.response.

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The following table presents fees billed to us duringthe Company relating to the audit of the Financial Statements at December 31, 20112014, and 2010, for professional servicesDecember 31, 2013, as provided by the Company’s previous independent auditor, Moe O'Shaughnessy & Associates.DM-T. We expect that DM-T will serve as our auditors for fiscal year 2015.

The Company’s Board of Directors reviewed the audit services rendered by DM-T and concluded that such services were compatible with maintaining the auditors’ independence. All audit, non-audit, tax services, and other services performed by the independent accountants are pre-approved by the Board of Directors to assure that such services do not impair the auditors’ independence from the Corporation.Company. The CorporationCompany does not intend to use DeCoria, Maichel & Teague P.S.DM-T for financial information system design and implementation. We do not intend to engage DeCoria, Maichel & Teague P.SDM-T to provide compliance outsourcing services.

(1)

Audit Fees represent the aggregatefees consist of fees billed by the Company’s previous independent auditor, Moe O'Shaughnessy for professional services provided in connection with the audit of our annualthe Company’s financial statements included in the Annual Report on Form 10-K, review of financial statements included in the Quarterly Reports on Form 10-Q, the auditand reviews of our internal control overquarterly financial reporting with the objective of obtaining reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects, and services normally provided by our independent registered public accounting firm in connection with statutory and regulatory filings or engagements.statements.

(2)

Audit-related fees consist of assurance and related services that include, but are not limited to, internal control reviews, attest services not required by statute or regulation and consultation concerning financial accounting and reporting standards.

(3)

Tax Fees representfees consist of the aggregate fees billed by Moe O'Shaughnessyfor professional services for tax compliance, services.tax advice, and tax planning. These services include preparation of federal income tax returns.

(4)

All Other Fees represent the aggregateother fees consist of fees billed by Moe O'Shaughnessy for products and services other than thosethe services reported inabove.

Our Audit Committee reviewed the above categories. For fiscal 2011 noaudit and tax services rendered by DeCoria Maichel & Teague and concluded that such feesservices were billed.compatible with maintaining the auditors’ independence. All audit, non-audit, tax services, and other services performed by our independent accountants are pre-approved by our Audit Committee to assure that such services do not impair the auditors’ independence from us. We do not use DeCoria Maichel & Teague for financial information system design and implementation. These services, which include designing or implementing a system that aggregates source data underlying the financial statements or generates information that is significant to our financial statements, are provided internally. We do not engage DeCoria Maichel & Teague to provide compliance outsourcing services.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” PROPOSAL 2

PROPOSAL 3:Say on Pay

The affirmativeCompany is providing its shareholders with the opportunity to cast an advisory vote on executive compensation (a “say-on-pay-proposal”) as described below. Pursuant to Section 14A of the holdersSecurities Exchange Act of 1934, as amended, stockholders are entitled to an advisory (non-binding) vote on compensation programs for our named executive officers (sometimes referred to as “say on pay”). In accordance, we are asking stockholders to approve, on an advisory basis, the compensation of  the Company’s listed officers disclosed in the “Compensation Discussion and Analysis,” and Executive Compensation Summary Compensation Table and the related compensation tables, notes, and narrative in this Proxy Statement for our 2015 Annual Stockholders’ Meeting. The Company believes that it is appropriate to seek the views of shareholders on the design and effectiveness of the Company’s executive compensation program. Therefore, in accordance with that policy and pursuant to Section 14A of the Securities Exchange Act of 1934, as amended, we are asking stockholders to approve, on an advisory basis, the compensation of the Company’s listed officers disclosed in “Compensation Discussion and Analysis,” the Summary Compensation table and the related compensation tables, notes, and narrative in this proxy statement for our 2015 Annual Stockholders’ Meeting.

As described below in the “Compensation Discussion and Analysis” section of this proxy statement, our compensation program and stock option plan are designed to support its business goals and promote short- and long-term profitable growth of the Company and align compensation with the long-term interests of our stockholders.

We urge stockholders to read the “Compensation Discussion and Analysis” section of this proxy statement, which describes in more detail how our executive compensation policies and procedures operate and are designed to achieve our compensation objectives, as well as the Summary Compensation table and other related compensation tables and narratives, which provide detailed information on the compensation of our listed officers. The Board believes that the policies and procedures articulated in “Compensation Discussion and Analysis” are effective in achieving our goals and that the compensation of our listed officers reported in this proxy statement has supported and contributed to the company’s recent and long-term success.

Approval of this proposal requires the affirmative vote of a majority of the shares present at the meeting, in person or represented by proxy, and entitled to vote. Because the vote atis advisory, it will not be binding upon the Annual Meeting isBoard and the Board will not be required to ratifytake any action as a result of the selectionoutcome of DeCoria, Maichel & Teague P.S.

MANAGEMENT RECOMMENDS THAT THE STOCKHOLDERS VOTE “FOR” ITEM 2the vote on this proposal. The Board will carefully assess the voting results, and if those results reflect any broadly held issues or concerns, we will consult directly with stockholders to better understand their views.

3.PROPOSAL 4:OTHER MATTERS

As of the date of this Proxy Statement, the Board of Directors is not aware of any matters that will be presented for action at the Annual Meeting other than those described above. Should other business properly be brought before the Annual Meeting, it is intended that the accompanying Proxy will be voted thereon in the discretion of the persons named as proxies.

Additional Corporation Information

MEMBERS OF BOARD OF DIRECTORS CONTINUING IN OFFICEMembers of Board of Directors Continuing In Office

CLASS II - Three Year Term Expiring June 20132016

John L. Schooley: Mr. Schooley is a Director of the Corporation. Mr. Schooley was the former owner and President of Remtron, Inc. in San Diego, California. Remtron, Inc. manufactures advanced radio control and telemetry systems for the industrial marketplace. Mr. Schooley does not serve as director of any other company that is registered under the Securities Exchange Act.

Shares beneficially owned do not include 75,000 shares subject to options granted 2-19-10, 2-11-112-10-12, 2-13-13 and 2-10-12.2-27-14.

CLASS III - Three Year Term Expiring June 20142017

T.L. Kirchner:  Mr. Kirchner is founder, President and a Director of the Corporation. During the last five years Mr. Kirchner devoted 100% of his time to the management of the Corporation. His primary duties are to oversee the management and marketing functions of the Corporation. Mr. Kirchner does not serve as a director for any other company registered under the Securities Exchange Act.

Shares beneficially owned do not include 75,000 shares subject to options granted 2-19-10, 2-11-112-10-12, 2-13-13 and 2-10-12.2-27-14.

Michael S. Brown:Vern D. Kornelsen:  Mr. BrownKornelsen is the General Partner of EDCO Partners LLLP3 Mr. Kornelsen formerly practiced as a certified public accountant in Denver, CO for many years and is a Directorfinancial consultant to several early stage companies. He was a director of the Corporation. HeValleylab for 10 years, and led an investor group that provided a portion of its initial funding. Mr. Kornelsen has been with Manufacturing Services, Inc. since 1998 and became President in April 2006. Previously Mr. Brown held management positions with Cadence Design Systems and Wyse Technology.Manufacturing Services provides electronic design and manufacturing solutions.  Manufacturing Services provides electronic manufacturing and quality control testing services for Electronic Systems Technology. Mr. Brown does not serve as a director for any otherand participated in the capitalizing of a number of early stage companies, and is currently a director and audit-committee member of a publicly-held company, registered underEncision Inc. of Boulder, CO. He is also the Securities Exchange Act.Chairman, Secretary, Director, and CFO of Lifeloc Technologies, Inc., a publicly-held company located in Wheat Ridge, CO.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERSSecurity Ownership of Certain Beneficial Owners and Management

The following table sets forth, as of April 23, 2012,December 31, 2014, the amount and percentage of the Common Stock of the Corporation,Company, which according to information supplied by the Corporation,Company, is beneficially owned by each person who, to the best knowledge of the Corporation,Company, is the beneficial owner (as defined below) of more than five (5%) of the outstanding common stock.

(1)

Under Rule 13d-3, issued by the Securities and Exchange Commission, a person is, in general, deemed to "Beneficially own" any shares if such person directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares (a) voting power, which includes the power to vote or to direct the voting of those shares and/or (b) investment power, which included the power to dispose, or to direct the disposition of those securities.  The foregoing table gives effect to shares deemed beneficially owned under Rule 13d-3 based on the information supplied to the Company.  To the knowledge of the Company, the persons named in the table have sole voting power and investment power with respect to all shares of Common Stock beneficially owned by them.

(2)

The beneficial owner listed above has stock options to acquire 75,000 shares of Electronic Systems Technology, Inc. Common Stock: Options for 25,000 shares, granted February 19, 2010, options for 25,000 shares, granted February 11, 201110, 2012 and options for 25,000 shares, granted February 10, 2012.14, 2013, for 25,000 shares granted February 27, 2014.

(3)

Does not include options granted.  See note (2) above.

SECURITY OWNERSHIP OF MANAGEMENT

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth, as of April 23, 2012, amount and percentage of the Common Stock of the Corporation, which accordingsummarizes options outstanding to information supplied by the Corporation, is beneficially owned by Management, includingour officers and directors of the Corporation.

(1)

Does not include stock options as granted 2-19-10, 2-11-11 and 2-10-12.

REMUNERATION OF EXECUTIVE OFFICERS

(a) Named Executive Officers

The following table sets forth the names and ages of all executive officers of the Corporation as of December 31, 2011; all positions by such persons; term2014:

Outstanding Equity Awards as of office and the period during which he has served as such; and any arrangement or understanding between him and any other person(s) pursuant to which he was elected as an officer:December 31, 2014

Information concerning the compensationStock options must be exercised within 90 days after termination of the Corporation’s principal executive officeremployment/board membership. During 2014, 260,000 options expired, 175,000 shares were granted and principal financial officer, as well as any other compensated employees of the Registrant's whose total compensation exceeded $100,000 during 2011no shares under option were exercised. At December 31, 2014 there were 440,000 options outstanding and 2010 is provided in the following Summary Compensation Table:exercisable.

(1)

Includes amounts paid under the Non-qualified Employee Profit Sharing Bonus.  Bonus calculated for 2013 results paid during 2014.

(2)

Amount represents the dollar amount recognized for financial statement reporting purposes in accordance with ASC 718. Assumptions made in the valuation of stock option awards are disclosed in Note 7 of the Notes to the Consolidated Financial Statements in the 2014 Form 10-K.

(3)

All Other Compensation consists of premiums paid for Group Health Insurance, Key Man Insurance, Accrued

Vacation Pay and Corporation paid 401(k) matching amounts.

Outstanding Equity Awards at Fiscal Year-End

On February 2, 2014, our Board of Directors authorized the grant of options to acquire 175,000 shares of common stock for our officers, directors, and employees.

The information specified concerning the stock options of the named Executive Officers during the fiscal year ended December 31, 2014 is provided in the following Option/SAR Grants in the Last Fiscal Year Table:

(5)

This table does not include Stock Options granted previously.

The information specified concerning the stock options of the Named Executive Officers during the fiscal year ended December 31, 2014 is provided in the following Aggregated Option/SAR Exercises in Last Fiscal Year and Fiscal Year-End Options/SAR Values Table:

The Company does not currently have a Long-Term Incentive Plan (“LTIP”).

The Corporation currently does not hold any Employment Contracts or Change of Control Arrangements with any parties.

Potential Payments upon Termination and Change in Control

None

Payments Made Upon Any Termination

None

Payments Made Upon Involuntary Termination Without Cause

None

Payments Made Upon a Change in Control

None

Payments Made Upon Death or Permanent Disability

None

Other Retirement or Disability Payments

None

Perquisites and Other Personal Benefits

The Company does not believe that the aggregate value of any perquisites for any NEO exceeds $10,000 per year.

Role of Executive Officers in Compensation Decisions

None. The Board of Directors evaluates the Executive Officers’ compensation annually. Salaries are set to promote continued service.

Policy on Deductibility of Compensation

None

Accounting for Stock-Based Compensation

The Company accounts for stock-based payments, including its stock option plans in accordance with the requirements of Accounting Standards Codification Topic 718, Compensation-Stock Compensation.

CORPORATE GOVERNANCE

Board Meetings

During the fiscal year ended December 31, 20112014 the Board of Directors held twothree meetings on February 11, 2011,27, 2014, June 6, 2014 and June 2, 2011.December 19, 2014. The Audit Committee held meetingsmet on February 11, 2011 and June 2, 2011.one occasion in 2014. All directorsDirectors attended the meetings either physically or via teleconference.

Committees

There is only oneare two continuing committeecommittees of the Board of Directors, namely, an Audit Committee and Employee/Director Stock Option Committee. There is no Compensation, Nominating or other committees.

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Audit Committee

The Board has established an Audit Committee.  The Audit Committee of the Board of Directors as of December 31, 20112014 is comprised of Robert Southworth (Chairman), Melvin Brown, Michael Brown and John Schooley and itSchooley. It operates under a written charter adopted by the Board, a copy of which is included in the proxy statement as Appendix I. Michael Brown and Melvin Brown areis considered to be non-independent members of the Audit Committee, however their serving on the Audit Committee was deemed by the Board to be in the best interest of the Corporation due to their experience and familiarity with the Corporation.  The Board of Directors has determined that none of the audit committeeAudit Committee members can be classified as an “audit committee financial expert” as defined by the Securities Exchange Act.  The Board of Directors does not contain a member that can be classified as an “audit committee financial expert” under the referenced definition. The Board of Directors believes that attracting and retaining at least one audit committee member that could be classified as an “audit committee financial expert” is unlikely due to the high cost of such Director candidates.

The Audit Committee’s report for the Financial Statements for the year ended December 31, 20112014 is attached to this proxy statement as Appendix II.  The Sarbanes-Oxley Act of 2002 added a number of provisions to Federal law to strengthen the authority of, and increase the responsibility of, corporate audit committees. In accordance with the Sarbanes-Oxley Act, the Audit Committee has ultimate authority and responsibility to select, compensate, evaluate and, when appropriate, replace the Corporation’s independent auditors. The Audit Committee members are not professional accountants or auditors and their functions are not intended to duplicate or to certify the activities of Management and the independent auditors, nor can the Audit Committee certify that the independent auditors are “independent” under applicable rules.  The Audit Committee serves as a board-level oversight, in which it provides advice, counsel and direction to Management and the auditors on the basis of the information it receives, discussion with Management and the auditors, and the experience of the Audit Committee’s members in business and financial matters.

Employee/Director Stock Option Committee

On February 11, 2011,10, 2012, the Board of Directors established an Employee/Director Stock Option Committee comprised of Tom Kirchner and Jon Correio.T. L. Kirchner. The Committee existed for the sole purpose of recommending recipients and amounts of stock options awarded during 2011.2014.There is no charter for the Employee/Director Stock Option Committee.

RELATED PARTY TRANSACTIONS

Compensation Committee Interlocks and Insider Participation

The following Director and Executive Officer served as a member of the Employee/Director Stock Option Committee during some or all of fiscal year 2014: Tom Kirchner.   

Related Person Transactions Policy and Procedures

As set forth in the written charter of the Audit Committee, any related person transaction involving a Company Director or Executive Officer must be reviewed and approved by the Audit Committee. Any member of the Audit Committee who is a related person with respect to a transaction under review may not participate in the deliberations or vote on the approval or ratification of the transaction. Related persons include any Director or Executive Officer, certain Shareholders and any of their “immediate family members” (as defined by SEC regulations). In addition, the Board of Directors determines on an annual basis which directors meet the definition of Independent Director under the Nasdaq Listing Rules and reviews any Director relationship that would potentially interfere with his or her exercise of independent judgment in carrying out the responsibilities of a director.

Code of Ethics

The Company has adopted a Code of Ethics, which applies to the business conduct of Directors, Officers, and Employees. On June 2, 2005, our Board of Directors adopted a code of ethics that applies to all of our Employees, Officers and Directors, including those Officers responsible for financial reporting. Our Code of Ethics is available for viewing on our website atwwwwww.esteem.com. A copy of the Code of Ethics may also be obtained without charge by written request to the Company’s Corporate Secretary. If we make any substantive amendments to our Code or grant any waiver, including any implicit waiver from a provision of the Code for our directors or executive officers, we will disclose the nature of such amendment or waiver in a report on Form 8-K. Our Code of Ethics is attached as an exhibit to our report on Form 8-K, as filed March 26, 2008.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act requires that the Corporation’s Directors, Executive Officers, and the holders of 10% or more of the Corporation’s common stock, to file reports of ownership and changes in ownership with the Securities and Exchange Commission.  Officers, Directors, and Shareholders holding more than 10% of the Corporation’s common stock are required by the Regulation to furnish the Corporation with copies of all Section 16(a) forms they have filed.

During 2011, the Corporation contracted for services from Manufacturing Services, Inc. in the amount of $104,411.  Manufacturing Services, Inc. is owned and operated by Michael S. Brown.  Mr. Brown, and the former owner for Manufacturing Services, Inc, Melvin H. Brown are currently Directors of Electronic Systems Technology, Inc.  Management believes the costs for services provided by Manufacturing Services, Inc., are comparable with other manufacturing service companies in the Company’s geographical region.

COMPENSATION OF DIRECTORS

Compensation to outside directors is limited to reimbursement of out-of-pocket expenses that are incurred in connection with the directors’ duties associated with the Corporation's business. Directors with no less than three years continuous tenure are eligible for stock option awards, as governed by the Corporation’s stock option plan.  There is currently no other compensation arrangements for the Corporation’s directors. (See “Security Ownership of Certain Beneficial Owners and Management” for Stock Options granted in previous years.)  The information specified concerning items of Director Compensation for the fiscal year ended December 31, 2011 is provided in2014, to the followingknowledge of Management, there was no Director, Compensation Table:Officer, or Beneficial Owner of more than 10% of any class of equity securities of the registrant who failed to file on a timely basis the required disclosure form as required by Section 16(a) of the Securities and Exchange Act of 1934.