secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0000724910-22-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000072491022000004/0000724910-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000072491022000004/NVE_CFO_8K_2022.htm
  HTML page:      https://secwatch.observer/filing/0000724910-22-000004

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