---
schema_version: "secwatch.filing_event.v1"
accession: "0000724910-21-000021"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2021-07-21T23:59:59+00:00"
generated_at: "2026-06-30T03:54:05.407373+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NVE reports Q1 revenue $7.15M (+56%), EPS $0.74; CFO to retire; $1 dividend

## Summary
- Total revenue $7.15M, up 56% YoY; product sales up 60% to $6.95M.
- Net income $3.58M ($0.74 diluted EPS) vs. $2.41M ($0.50) prior year.
- CFO Curt A. Reynders to retire effective Oct 1, 2021.
- Quarterly dividend of $1.00 per share payable Aug 31, 2021 to holders of record Aug 2.

## SEC filing metadata
- accession: 0000724910-21-000021
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2021-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000072491021000021/0000724910-21-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000072491021000021/NVE_Q1_FY2022_8K.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000724910-21-000021
- JSON: https://secwatch.observer/filing/0000724910-21-000021.json
- Plain text: https://secwatch.observer/filing/0000724910-21-000021.txt

## Key facts
- Executive change
  Curt A. Reynders departed as Chief Financial Officer at NVE CORP /NEW/.
  - Action: retire
  - Role: Chief Financial Officer
  source text: On July 19, 2021, Curt A. Reynders, our Chief Financial Officer, notified our Board of Directors that he will retire from NVE Corporation effective October 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000072491021000021/0000724910-21-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.