---
schema_version: "secwatch.filing_event.v1"
accession: "0000724910-21-000023"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2021-08-09T23:59:59+00:00"
generated_at: "2026-06-29T19:31:40.797825+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# NVE annual meeting elects new director James W. Bracke; all proposals pass

## Summary
- Gary R. Maharaj did not stand for reelection, term expired Aug 5, 2021; James W. Bracke elected to board.
- All five director nominees elected: Glarner, Baker, Hollister, Kramp, Bracke (highest votes: Bracke 3,362,943; lowest Glarner 2,998,535).
- Advisory approval of executive compensation passed: 3,349,287 for, 11,416 against, 27,816 abstain.
- Ratification of auditor Boulay PLLP passed: 3,995,810 for, 28,853 against, 4,235 abstain.
- 4,833,232 shares entitled to vote, majority represented at meeting.

## SEC filing metadata
- accession: 0000724910-21-000023
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2021-08-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000072491021000023/0000724910-21-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000072491021000023/NVE_2021_Ann_Mtg_Votes.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000724910-21-000023
- JSON: https://secwatch.observer/filing/0000724910-21-000023.json
- Plain text: https://secwatch.observer/filing/0000724910-21-000023.txt

## Key facts
- Executive change
  Gary R. Maharaj departed as director at NVE CORP /NEW/.
  - Action: did not stand for reelection
  - Role: director
  source text: Gary R. Maharaj did not stand for reelection and his term as a director expired with the Annual Meeting of Shareholders on August 5, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000072491021000023/0000724910-21-000023-index.htm
- Executive change
  James W. Bracke was elected as director at NVE CORP /NEW/.
  - Action: elected
  - Role: director
  source text: James W. Bracke joined our Board of Directors for the first time on being elected at the Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000072491021000023/0000724910-21-000023-index.htm

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