NVE Corp Files 8-K on Shareholder Votes
Ticker: NVEC · Form: 8-K · Filed: Aug 5, 2024 · CIK: 724910
| Field | Detail |
|---|---|
| Company | Nve CORP /New/ (NVEC) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, 8-k
TL;DR
NVE Corp filed an 8-K on Aug 5th regarding shareholder votes from Aug 1st.
AI Summary
NVE Corporation filed an 8-K on August 5, 2024, reporting on matters submitted to a vote of security holders as of August 1, 2024. The filing details the company's corporate information, including its address in Eden Prairie, Minnesota, and its fiscal year end of March 31.
Why It Matters
This filing informs shareholders about important corporate actions and decisions that require their input, impacting the governance and direction of NVE Corp.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance matters and does not indicate any immediate financial or operational risks.
Key Players & Entities
- NVE Corp (company) — Registrant
- August 1, 2024 (date) — Date of earliest event reported
- August 5, 2024 (date) — Date of report
- Eden Prairie, Minnesota (location) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on matters submitted to a vote of security holders as of August 1, 2024.
When was this 8-K report filed?
This 8-K report was filed on August 5, 2024.
What is NVE Corp's principal executive office address?
NVE Corp's principal executive office is located at 11409 Valley View Road, Eden Prairie, Minnesota 55344.
What is NVE Corp's fiscal year end?
NVE Corp's fiscal year ends on March 31.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
Filing Stats: 654 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-08-05 16:04:59
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value NVEC The NASDAQ Stock Mar
Filing Documents
- nvec-20240801.htm (8-K) — 32KB
- nve8k_1.gif (GRAPHIC) — 1KB
- 0001376474-24-000393.txt ( ) — 160KB
- nvec-20240801_def.xml (EX-101.DEF) — 2KB
- nvec-20240801_lab.xml (EX-101.LAB) — 16KB
- nvec-20240801_pre.xml (EX-101.PRE) — 11KB
- nvec-20240801.xsd (EX-101.SCH) — 2KB
- nvec-20240801_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. Our 2024 Annual Meeting of Shareholders was held August 1, 2024, for the following purposes: (1) elect five directors; (2) advisory approval of named executive officer compensation; and (3) ratify the selection of Boulay PLLP as our independent registered public accounting firm for the fiscal year ending March 31, 2025. Proxies for the meeting were solicited pursuant to Section 14(a) of the Exchange Act. All of the director nominees were incumbent directors, and all attended the Meeting. There were 4,833,676 shares of common stock entitled to vote with a majority represented at the meeting. The Board of Directors recommended a vote for each of the director nominees, and for Proposals 2 and 3. There was no solicitation in opposition. Abstentions for Proposals 1 and 2 did not affect the results. Abstentions for Proposal 3 had the effect of a negative vote. The final voting results were as follows: Number of Shares Voted For Withheld Abstain 1. Elect five directors: Terrence W. Glarner 2,782,656 340,003 4 Daniel A. Baker 3,057,289 65,370 4 Patricia M. Hollister 2,852,543 270,116 4 James W. Bracke 3,048,942 73,717 4 Kelly Wei 3,060,693 61,966 4 Voted For Voted Against Abstain 2. Advisory approval of named executive officer compensation. 3,015,808 89,586 17,267 Voted For Voted Against Abstain 3. Ratify the selection of Boulay PLLP as our independent registered public accounting firm for the fiscal year ending March 31, 2025. 3,759,285 6,099 39,921 Based on the results, each director nominee was elected, named executive officer compensation was approved, and the selection of our independent registered public accounting firm was ratified. 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 Augus