---
schema_version: "secwatch.filing_event.v1"
accession: "0000724910-22-000004"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2022-01-19T23:59:59+00:00"
generated_at: "2026-06-27T17:21:42.647055+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000724910-22-000004
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2022-01-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000072491022000004/0000724910-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000072491022000004/NVE_CFO_8K_2022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000724910-22-000004
- JSON: https://secwatch.observer/filing/0000724910-22-000004.json
- Plain text: https://secwatch.observer/filing/0000724910-22-000004.txt

## Key facts
- Executive change
  Joseph R. Schmitz was appointed as Chief Financial Officer at NVE CORP /NEW/.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On January 17, 2022, our Board of Directors appointed Joseph R. Schmitz as our Chief Financial Officer effective January 20, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000072491022000004/0000724910-22-000004-index.htm

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