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) October 1, 2021
![NVE Logo](nve-logo.gif)
NVE Corporation
(Exact name of registrant as specified in its charter)
Minnesota |
000-12196
|
41-1424202 |
(State
or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
11409 Valley View Road, Eden Prairie,
Minnesota |
55344 |
(Address of principal executive offices) |
(Zip Code) |
Registrants 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))
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected
not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. [ ]
Securities registered pursuant to Section 12(b) of the Act:
Title of
each class |
Trading
symbol(s) |
Name of each exchange
on which registered |
Common
Stock, $0.01 par value |
NVEC |
The NASDAQ Stock Market,
LLC |
Item 5.02. Departure of
directors or certain officers; election of directors; appointment of certain officers;
compensatory arrangements of certain officers
As disclosed in Item 5.02 of our Current Report
on Form 8-K filed July 21, 2021,
Curt A. Reynders, our Chief Financial Officer, notified our Board of Directors
that he would retire from NVE Corporation on October 1, 2021. Effective with Mr.
Reynders retirement, our Board of Directors appointed our Corporate Controller,
Jon J. Larson, as our Principal Financial Officer effective October 1, 2021.
Jon J. Larson, age 36, has been NVEs Corporate
Controller since September 20, 2021. He has more than 13 years of experience
in accounting and finance serving a variety of industries. Mr. Larson holds
an active CPA certificate. He earned an MBA from the University of Minnesota and
a B.S. in accounting from St. Cloud State University.
Mr. Larsons annual salary is $150,000 and
he is eligible for performance-based compensation of $5,000 in May 2022. He
signed an agreement includin
non-competition, confidentiality, and assignment of invention provisions benefiting
the Company.
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 October
4, 2021 |
NVE CORPORATION
(Registrant)
/s/ DANIEL A. BAKER
Daniel A. Baker
President and Chief Executive Officer |
|
INDEX TO EXHIBITS
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