secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001376474-24-000235
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

NVE director Richard Kramp dies; Dr. Kelly Wei elected to board
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- Director Richard W. Kramp passed away May 2, 2024 after an illness; served on NVE board since 2014.
- Dr. Kelly Wei elected to board effective May 13, 2024 to fill unexpired term ending at 2024 annual meeting.
- Wei is VP of Corporate Strategy at Medtronic, appointed to Compensation and Nominating committees.
- Board determined Wei is independent under NASDAQ Listing Rule 5605(a)(2) and SEC regulations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000235/0001376474-24-000235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000235/nvec-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000235

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