---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-23-000286"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:50:45.693737+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NVE Corp CFO Joseph Schmitz resigns; Daniel Nelson named Principal Financial Officer

## Summary
- Joseph R. Schmitz resigned as CFO effective May 5, 2023.
- Daniel Nelson, age 37, appointed Accounting Manager and Principal Financial Officer.
- Nelson joined NVE in Sep 2022; previously at RMH Tax & Business Advisors and Intelligere.
- Nelson holds Bachelor's and Master's in Accounting from University of Liberia; started career at Baker Tilly Liberia.
- Nelson signed non-compete, confidentiality, and invention assignment agreement; eligible for performance-based compensation.

## SEC filing metadata
- accession: 0001376474-23-000286
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2023-05-08T23:59:59+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/724910/000137647423000286/0001376474-23-000286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000137647423000286/nvec-20230505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-23-000286
- JSON: https://secwatch.observer/filing/0001376474-23-000286.json
- Plain text: https://secwatch.observer/filing/0001376474-23-000286.txt

## Key facts
- Executive change
  Daniel Nelson was appointed as Accounting Manager and Principal Financial Officer at NVE CORP /NEW/.
  - Action: appointed
  - Role: Accounting Manager and Principal Financial Officer
  source text: Daniel Nelson has been appointed Accounting Manager and Principal Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000286/0001376474-23-000286-index.htm
- Executive change
  Joseph R. Schmitz resigned as Chief Financial Officer at NVE CORP /NEW/.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Effective May 5, 2023, Joseph R. Schmitz resigned as Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000286/0001376474-23-000286-index.htm

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