secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K
Filed at:   2026-06-22T20:07:47+00:00
Accession:  0001376474-26-000456
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

NVE CEO Daniel Baker to retire Aug 6, 2026; Peter Eames named successor; board expands to 7
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- CEO Daniel Baker retires effective Aug 6, 2026; will remain Chairman if shareholders approve.
- Peter Eames appointed President & CEO; base salary $260k plus performance plan tied to fiscal 2027 operating income.
- Chairman Terry Glarner to step down but remain on Board; Carolyn Valentine nominated to Board, expanding from 5 to 7 directors.
- Eames joined NVE in 2003, served as VP of Advanced Technology since 2016, leading R&D and production expansions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647426000456/0001376474-26-000456-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647426000456/nvec-20260622_8k.htm
  HTML page:      https://secwatch.observer/filing/0001376474-26-000456

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