secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K/A
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001376474-23-000366
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

NVE Corp amends 2015 supply agreement with Sonova AG on pricing, payment terms, lead time
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- Second Amendment to 2015 Supply Agreement with Sonova AG effective July 17, 2023.
- Amendment modifies pricing table in Appendix B, payment terms in Section 10.4, and standard lead time; specific figures redacted.
- Payment conditions changed to ** after invoice; Sonova may withhold payment for quality breaches per amended Section 10.4.
- Standard Product lead time changed to ** from receipt of order.
- All other terms of 2015 Supply Agreement and First Amendment remain in full force and effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000366/0001376474-23-000366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000366/nvec-20090501.htm
  HTML page:      https://secwatch.observer/filing/0001376474-23-000366

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer