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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_______________
SCHEDULE
14A INFORMATION
Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
(Amendment No. )
Filed by the Registrant ☑
Filed by a party other than the Registrant ☐
Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ |
Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material under § 240.14a-12 |
NVE Corporation
(Name of Registrant
as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
| Payment of Filing Fee (Check all boxes that apply): |
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No fee required. |
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| ☐ |
Fee paid previously with preliminary materials. |
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| ☐ |
Fee computed on table in exhibit required by Item
25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
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11409
Valley View Road
Eden Prairie, MN 55344-3617
www.nve.com
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NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
Fellow Shareholders:
The Annual Meeting of Shareholders of NVE Corporation will be held Thursday, August 1,
2024, at 3:30 p.m. Central Daylight Time at our offices, 11409 Valley View
Road, Eden Prairie, Minnesota, 55344. The Annual Meeting is being held for the
following purposes:
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1. |
Elect five directors.
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| 2. |
Advisory approval of named executive officer compensation.
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Ratify the selection of Boulay PLLP as our independent registered public accounting
firm for the fiscal year ending March 31, 2025.
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| 4. |
Consider and act on such other business as may properly come before the meeting
or any adjournment or postponements of the meeting. |
These items of business are more fully described in the proxy statement. The Board
of Directors recommends a vote FOR each of the Director nominees and FOR
Proposals 2 and 3. Only shareholders of record at the close of business on the
record date of June 7, 2024, are entitled to execute proxies or to vote at
the 2024 Annual Meeting.
Our Proxy Materials include our 2024 Proxy Statement, our 2024 Letter to Shareholders,
and our Annual Report on Form 10-K for the
year ended March 31, 2024.
This Notice is being sent with paper copies of our Proxy Materials to registered
shareholders, that is those whose shares were registered directly in shareholders’
names with our transfer agent as of the record date. “Street-name” shareholders,
those whose shares are held in the name of a bank or broker on the shareholders’
behalf, are being sent a Notice of Internet Availability of Proxy Materials. Street-name
shareholders must request paper copies of our Proxy Materials.
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Sincerely, |
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Daniel A. Baker
President and CEO |
June 17, 2024