secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001376474-23-000395
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.03, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

NVE Corp amends bylaws for majority voting; shareholders reelect directors and approve proposals
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- Bylaws amended to require majority vote in uncontested director elections, replacing plurality standard.
- Annual meeting: all five incumbent directors reelected; Terrence Glarner had 2,436,182 votes for and 452,886 withheld.
- Shareholders approved named executive officer compensation (2,747,800 for, 91,382 against) and favored annual say-on-pay.
- Auditor Boulay PLLP ratified for fiscal 2024 with 3,635,666 votes for, 8,075 against, 12,893 abstain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000395/0001376474-23-000395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647423000395/nvec-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001376474-23-000395

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