NVE appoints Joseph R. Schmitz as CFO effective January 20, 2022

NVE CORP /NEW/

Joseph R. Schmitz, age 59, appointed CFO; previously management roles at Trane Technologies.
Annual salary of $195,000; eligible for performance-based compensation of $10,000 in May 2022 and target 20%-25% of salary.
Schmitz has MBA from Indiana University, B.S.B. in Accounting from U of Minnesota, CPA (inactive) and CMA.
He signed agreement with non-competition, confidentiality, and assignment of invention provisions.

item 5.02

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Appointed

Joseph R. Schmitz

Chief Financial Officer

NVEC · NVE CORP /NEW/

Effective: 2022-01-20
Filed: January 19, 2022, 6:59 PM ET

On January 17, 2022, our Board of Directors appointed Joseph R. Schmitz as our Chief Financial Officer effective January 20, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph R. Schmitz was appointed as Chief Financial Officer at NVE CORP /NEW/.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On January 17, 2022, our Board of Directors appointed Joseph R. Schmitz as our Chief Financial Officer effective January 20, 2022.

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Source: SEC EDGAR

accession 0000724910-22-000004

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