NVE Corp Reports Director and Officer Changes
Ticker: NVEC · Form: 8-K · Filed: May 13, 2024 · CIK: 724910
| Field | Detail |
|---|---|
| Company | Nve CORP /New/ (NVEC) |
| Form Type | 8-K |
| Filed Date | May 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-changes, director-changes
TL;DR
NVE Corp just filed an 8-K - board and exec changes announced.
AI Summary
NVE Corporation filed an 8-K on May 13, 2024, reporting changes in its board of directors and executive officers. The filing details the election of new directors and the appointment of certain officers, along with information regarding their compensatory arrangements. Specific details on the individuals involved and the exact nature of the compensatory arrangements are provided within the document.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational disruption.
Key Players & Entities
- NVE Corp (company) — Registrant
- Minnesota (location) — State of incorporation
- May 13, 2024 (date) — Date of report
FAQ
What specific items are being reported under the 8-K filing?
The filing reports on the Departure of Directors or Certain Officers, Election of Directors, Appointment of Certain Officers, and Compensatory Arrangements of Certain Officers, as well as Regulation FD Disclosure.
When was this 8-K filing submitted?
The filing was submitted on May 13, 2024.
What is NVE Corp's principal executive office address?
NVE Corp's principal executive offices are located at 11409 Valley View Road, Eden Prairie, Minnesota 55344.
What is NVE Corp's IRS Employer Identification Number?
NVE Corp's IRS Employer Identification Number is 41-1424202.
What is the SIC code for NVE Corp?
NVE Corp's Standard Industrial Classification (SIC) code is 3674, which corresponds to SEMICONDUCTORS & RELATED DEVICES.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 9.4 · Accepted 2024-05-13 16:06:51
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value NVEC The NASDAQ Stock Mar
Filing Documents
- nvec-20240513.htm (8-K) — 20KB
- nve_ex99z1.htm (EX-99.1) — 2KB
- nve_ex99z2.htm (EX-99.2) — 4KB
- nveex99z1_1.jpg (GRAPHIC) — 17KB
- nveex99z2_1.jpg (GRAPHIC) — 17KB
- nve8k_1.gif (GRAPHIC) — 1KB
- 0001376474-24-000235.txt ( ) — 205KB
- nvec-20240513_def.xml (EX-101.DEF) — 2KB
- nvec-20240513_lab.xml (EX-101.LAB) — 16KB
- nvec-20240513_pre.xml (EX-101.PRE) — 11KB
- nvec-20240513.xsd (EX-101.SCH) — 2KB
- nvec-20240513_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. Copies of press releases announcing Mr. Kramp's death and Dr. Wei's election are attached as exhibits to this Current Report on Form 8-K. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date M ay 1 3 , 202 4 NVE CORPORATION (Registrant) /s/ DANIEL A. BAKER Daniel A. Baker President and Chief Executive Officer 3 INDEX TO EXHIBITS Exhibit # Description 99.1 Press release announcing the death of board member Richard W. Kramp (filed with this Current Report on Form 8-K). 99.2 Press release announcing the election of Dr. Kelly Wei to our Board of Directors (filed with this Current Report on Form 8-K). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4