8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)  January 16, 2006
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                                 NVE Corporation
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             (Exact name of registrant as specified in its charter)

         Minnesota                     000-12196                 41-1424202
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(State or other jurisdiction          (Commission             (IRS Employer
      of incorporation)               File Number)          Identification No.)


11409 Valley View Road, Eden Prairie, Minnesota                        55344
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    (Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code  (952) 829-9217
                                                    --------------


        -------------------------------------------------------------
        (Former name or former address, if changed since last report)

                                 ---------------

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))




Item 1.01 Entry into a Material Definitive Agreement

     Pursuant to his appointment as a principal officer as set forth in
Item 5.02 below, we have entered into a verbal agreement with Curt A. Reynders
providing for an annual salary of $95,000 and the grant of an incentive stock
option for the purchase of up to 25,000 shares of NVE Common Stock.
Mr. Reynders expects to file an initial statement of beneficial ownership of
securities on Form 3 reporting the option grant.


Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers


Retirement of Officer

     Richard L. George retired as our Chief Financial Officer and Treasurer as
of January 16, 2006, and will remain with the company as a part-time
specialist.


Appointment of Officer

     On January 16, 2006 our board of directors approved the promotion of
Curt A. Reynders, age 43, to the position of Chief Financial Officer and
Treasurer. Prior to his promotion, Mr. Reynders had been our controller since
July 2001. Mr. Reynders has served in various accounting, auditing and
accounting management positions with public accounting and industry firms.
Before joining NVE, Mr. Reynders was controller for NewLeaf Designs.

     None of our current directors or executive officers has a family
relationship with Mr. Reynders. Other than compensation for his services to
NVE, there are no related party transactions between Mr. Reynders and us.

     We issued a press release on January 18, 2006 announcing the retirement of
Mr. George and the promotion of Mr. Reynders. The press release is attached as
Exhibit 99.



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                                    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.


                                            NVE CORPORATION
                                             (Registrant)

Date  January 18, 2006                    /s/ Daniel A. Baker
                                          -------------------
                                          By: Daniel A. Baker
                                          President and Chief Executive Officer



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                                 INDEX TO EXHIBITS


   Exhibit                           Description
   -------                           -----------
     99      Press release dated January 18, 2006 announcing the retirement of
             Richard L. George and the promotion of Curt A. Reynders



                                       -4-

EX-99

                                                                  PRESS RELEASE
                                                          For immediate release

           NVE Promotes Curt A. Reynders to Chief Financial Officer
                        Richard L. George Retires as CFO

EDEN PRAIRIE, Minn.--January 18, 2006--NVE Corporation (Nasdaq: NVEC) announced
today that Richard L. George retired as Chief Financial Officer and Treasurer
on January 16, 2006. George will remain with the company on a part-time basis
concentrating on Government contract administration. Curt A. Reynders has been
promoted to the position of Chief Financial Officer and Treasurer.

     Reynders, 43, has been NVE's controller since 2001. Before joining NVE he
served in various accounting, auditing and accounting management positions with
public accounting and industry firms. Reynders earned a B.S. in Accounting and
Economics from Morningside College and is a Certified Public Accountant.

      "We appreciate Dick's contributions to NVE over the past nearly 15
years," said NVE President and CEO Daniel A. Baker, Ph.D. "NVE has made
tremendous progress during his tenure. Dick's skills will remain available to
us, and we are fortunate to have an accomplished, experienced individual in
Curt to assume the CFO role."

     NVE is a leader in the practical commercialization of spintronics, a
nanotechnology that many experts believe represents the next generation of
microelectronics. NVE licenses its MRAM intellectual property and sells
spintronic sensors and couplers to revolutionize data sensing and transmission.

     Statements used in this press release that relate to future plans, events,
financial results or performance are forward-looking statements that are
subject to certain risks and uncertainties including the risk factors listed
from time to time in our filings with the SEC, including our Annual Report on
Form 10-KSB and other reports filed with the SEC.

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