Nve Corp SEC Filings

NVE Corporation has filed Definitive Additional Proxy Materials (Form DEFA14A) in advance of its 2025 Annual Meeting of Shareholders, which will be held on Thursday, August 7, 2025 at 3:30 p.m. CDT at the company’s headquarters, 11409 Valley View Road, Eden Prairie, Minnesota.

Shareholders of record as of the June 13, 2025 record date are entitled to vote. The Board of Directors unanimously recommends voting FOR all proposals, which include:

• Election of five directors.
• Advisory approval of named executive officer compensation (Say-on-Pay).
• Ratification of Boulay PLLP as independent registered public accounting firm for the fiscal year ending March 31, 2026.
• Any other business properly brought before the meeting.

Registered shareholders receive full paper proxy materials, while street-name holders will receive a Notice of Internet Availability and may request paper copies. Materials provided include the 2025 Proxy Statement, the 2025 Letter to Shareholders, and the Annual Report on Form 10-K for the year ended March 31, 2025.

NVE Corporation’s Definitive Additional Proxy Materials (DEFA14A) include a shareholder letter from CEO Daniel A. Baker highlighting fiscal-year 2025 performance, strategic investments, and capital-return priorities.

Operational performance. Management reports “strong earnings” for FY-2025 despite a full-year revenue decline, noting sequential growth in the most recent quarter and resilience during industry weakness. Total Shareholder Return for the past three fiscal years reached 39%.

Innovation and R&D. R&D spending increased 33% year-over-year to support new product lines. Product launches during the year included high-sensitivity ultraminiature sensors, a new rotation sensor, wafer-level chip-scale sensors, advanced position sensors, and accompanying evaluation boards.

Capacity expansion. The company completed a “multimillion-dollar” facility expansion that adds wafer-level chip-scale manufacturing, designed to improve self-sufficiency and reduce outsourced packaging costs.

Strategic partnerships. NVE extended its partnership agreement with Abbott Laboratories for medical-device applications, reinforcing its presence in high-reliability healthcare markets.

Capital allocation. Since initiating dividends a decade ago, NVE has returned more than $200 million in cash—equivalent to over $42 per share. Management reiterates its commitment to “generous dividends” as part of its shareholder-value strategy.

Positioning. Inventory investments, niche high-value products, and expanded manufacturing capacity position the company to “thrive in a fluid international trade environment” and to capture growth from industrial IoT and medical-device markets.

The letter contains forward-looking statements subject to risks detailed in NVE’s Form 10-K for the year ended 31 March 2025.

NVE Corporation (NVEC) has released its Definitive Proxy Statement for the 2025 Annual Meeting of Shareholders, scheduled for August 7, 2025 at 3:30 p.m. CDT in Eden Prairie, Minnesota. Shareholders of record as of June 13, 2025—representing 4,837,166 outstanding common shares—will vote on three routine proposals: (1) election of the Board of Directors, (2) a non-binding advisory vote on named-executive-officer compensation, and (3) ratification of the independent registered public accounting firm.

The proxy confirms that directors will be elected by majority vote if permitted under the Minnesota Business Corporation Act; otherwise a plurality standard applies. A quorum is based on shares represented in person or by proxy. Abstentions and broker non-votes will count toward quorum but, except for the auditor ratification item, will not influence proposal outcomes.

Equity compensation exposure remains modest. As of March 31, 2025, only 31,000 options are outstanding with a weighted-average exercise price of $73.56, equivalent to roughly 0.6% of common shares. A further 119,740 shares remain available for future grants under the shareholder-approved 2000 Stock Option Plan; the plan prohibits cash buy-outs of underwater options.

Admission requires proof of ownership and photo ID. Beneficial owners must obtain a Legal Proxy from their broker to vote in person. Most shareholders are expected to vote in advance via mail or, for street-name holders, the internet (deadline August 6, 2025). The company continues its cost-saving “householding” practice of sending one set of materials to shareholders sharing an address.

Proxy materials—the 2025 Proxy Statement, shareholder letter, and FY-2025 Form 10-K—are available at www.nve.com/AnnualReports. No shareholder proposals were received by the February 24 or May 13, 2025 deadlines, and management does not anticipate other business.