[8-K] NVE Corp Reports Material Event
NVE Corporation reported the results of its annual shareholders meeting where votes were taken to elect five directors, to provide advisory approval of named executive officer compensation, and to ratify the appointment of Boulay PLLP as the company’s independent registered public accounting firm. A total of 4,837,166 shares were entitled to vote and a majority was represented at the meeting.
All five incumbent nominees were elected. Vote tallies were: Terrence W. Glarner 2,986,541 for, 283,523 withheld; Daniel A. Baker 3,185,972 for, 84,092 withheld; Patricia M. Hollister 3,030,813 for, 239,251 withheld; James W. Bracke 3,220,647 for, 49,417 withheld; and Kelly Wei 3,226,298 for, 43,766 withheld. The advisory vote on executive compensation passed with 3,171,573 for, 87,852 against, and 10,637 abstentions. The selection of Boulay PLLP as auditor was ratified with 3,871,548 for, 2,794 against, and 11,171 abstentions; the filing notes that abstentions on that proposal were treated as negative votes.
NVE Corporation ha reso noti i risultati della sua assemblea annuale degli azionisti, durante la quale si è votato per eleggere cinque amministratori, per approvare consultivamente la remunerazione dei dirigenti nominati e per ratificare la nomina di Boulay PLLP come società di revisione contabile indipendente registrata. Un totale di 4,837,166 azioni aveva diritto di voto e alla riunione era rappresentata la maggioranza.
Tutti e cinque i candidati in carica sono stati eletti. I risultati delle votazioni sono stati: Terrence W. Glarner 2,986,541 favorevoli, 283,523 astenuti; Daniel A. Baker 3,185,972 favorevoli, 84,092 astenuti; Patricia M. Hollister 3,030,813 favorevoli, 239,251 astenuti; James W. Bracke 3,220,647 favorevoli, 49,417 astenuti; e Kelly Wei 3,226,298 favorevoli, 43,766 astenuti. La votazione consultiva sulla retribuzione dei dirigenti è stata approvata con 3,171,573 favorevoli, 87,852 contrari e 10,637 astensioni. La nomina di Boulay PLLP come revisore è stata ratificata con 3,871,548 favorevoli, 2,794 contrari e 11,171 astensioni; si precisa che le astensioni su quella proposta sono state trattate come voti contrari.
NVE Corporation informó los resultados de su junta anual de accionistas, en la que se votó para elegir a cinco directores, para la aprobación consultiva de la remuneración de los altos ejecutivos nombrados y para ratificar el nombramiento de Boulay PLLP como la firma de contabilidad registrada independiente de la compañía. Un total de 4,837,166 acciones tenían derecho a voto y en la reunión estuvo representada la mayoría.
Los cinco candidatos en funciones fueron elegidos. Los totales de votos fueron: Terrence W. Glarner 2,986,541 a favor, 283,523 abstenciones; Daniel A. Baker 3,185,972 a favor, 84,092 abstenciones; Patricia M. Hollister 3,030,813 a favor, 239,251 abstenciones; James W. Bracke 3,220,647 a favor, 49,417 abstenciones; y Kelly Wei 3,226,298 a favor, 43,766 abstenciones. La votación consultiva sobre la compensación ejecutiva fue aprobada con 3,171,573 a favor, 87,852 en contra y 10,637 abstenciones. La designación de Boulay PLLP como auditor fue ratificada con 3,871,548 a favor, 2,794 en contra y 11,171 abstenciones; se indica que las abstenciones en esa propuesta se contabilizaron como votos en contra.
NVE Corporation는 연례 주주총회 결과를 발표했습니다. 총회에서는 이사 5명 선임, 지명된 임원 보수에 대한 권고적 승인, Boulay PLLP를 회사의 독립 등록 공인회계법인으로 선임하는 안건에 대해 투표가 진행되었습니다. 총 4,837,166주가 의결권을 보유했으며, 회의에는 과반이 출석(또는 대리 출석)했습니다.
현직 후보 5명 전원이 선임되었습니다. 투표 집계는 다음과 같습니다: Terrence W. Glarner 2,986,541 찬성, 283,523 기권; Daniel A. Baker 3,185,972 찬성, 84,092 기권; Patricia M. Hollister 3,030,813 찬성, 239,251 기권; James W. Bracke 3,220,647 찬성, 49,417 기권; 및 Kelly Wei 3,226,298 찬성, 43,766 기권. 임원 보수에 대한 권고적 표결은 3,171,573 찬성, 87,852 반대, 10,637 기권으로 가결되었습니다. Boulay PLLP의 감사 선임은 3,871,548 찬성, 2,794 반대, 11,171 기권으로 비준되었으며, 해당 안건에 대한 기권표는 반대표로 처리되었다고 기재되어 있습니다.
NVE Corporation a communiqué les résultats de son assemblée annuelle des actionnaires, au cours de laquelle ont été votés l'élection de cinq administrateurs, l'approbation consultative de la rémunération des dirigeants nommés et la ratification de la désignation de Boulay PLLP en tant que cabinet d'expertise comptable indépendant enregistré de la société. Un total de 4,837,166 actions avaient droit de vote et la majorité était représentée lors de la réunion.
Les cinq candidats en poste ont été élus. Les totaux des votes sont les suivants : Terrence W. Glarner 2,986,541 pour, 283,523 abstentions ; Daniel A. Baker 3,185,972 pour, 84,092 abstentions ; Patricia M. Hollister 3,030,813 pour, 239,251 abstentions ; James W. Bracke 3,220,647 pour, 49,417 abstentions ; et Kelly Wei 3,226,298 pour, 43,766 abstentions. Le vote consultatif sur la rémunération des dirigeants a été approuvé par 3,171,573 pour, 87,852 contre et 10,637 abstentions. La nomination de Boulay PLLP comme auditeur a été ratifiée par 3,871,548 pour, 2,794 contre et 11,171 abstentions ; le dépôt précise que les abstentions pour cette proposition ont été traitées comme des votes défavorables.
Die NVE Corporation gab die Ergebnisse ihrer jährlichen Hauptversammlung bekannt, bei der über die Wahl von fünf Direktoren, die beratende Zustimmung zur Vergütung benannter Führungskräfte und die Ratifikation der Bestellung von Boulay PLLP als unabhängige, registrierte Wirtschaftsprüfungsgesellschaft abgestimmt wurde. Insgesamt waren 4,837,166 Aktien stimmberechtigt, und auf der Versammlung war die Mehrheit vertreten.
Alle fünf amtierenden Kandidaten wurden gewählt. Die Stimmzettel ergaben: Terrence W. Glarner 2,986,541 dafür, 283,523 Enthaltungen; Daniel A. Baker 3,185,972 dafür, 84,092 Enthaltungen; Patricia M. Hollister 3,030,813 dafür, 239,251 Enthaltungen; James W. Bracke 3,220,647 dafür, 49,417 Enthaltungen; und Kelly Wei 3,226,298 dafür, 43,766 Enthaltungen. Die beratende Abstimmung über die Vorstandsvergütung wurde mit 3,171,573 dafür, 87,852 dagegen und 10,637 Enthaltungen angenommen. Die Bestellung von Boulay PLLP als Abschlussprüfer wurde mit 3,871,548 dafür, 2,794 dagegen und 11,171 Enthaltungen ratifiziert; es wird darauf hingewiesen, dass Enthaltungen bei diesem Antrag als Gegenstimmen gewertet wurden.
- All five incumbent directors were re-elected, preserving board continuity
- Advisory approval of named executive officer compensation passed with 3,171,573 votes in favor
- Boulay PLLP was ratified as the independent registered public accounting firm with 3,871,548 votes in favor
- Notable withheld votes for several director nominees (e.g., 283,523 withheld for one nominee)
- Abstentions on the auditor ratification were treated as negative votes, slightly increasing formal opposition
Insights
TL;DR: Routine governance outcomes preserved board continuity and confirmed auditor and executive pay by shareholder vote.
The meeting results reflect continuity in leadership as all five incumbent director nominees were re-elected with clear pluralities. The advisory approval of named executive officer compensation received strong support with 3,171,573 votes in favor versus 87,852 against, indicating shareholder acceptance of pay practices disclosed prior to the meeting. The ratification of Boulay PLLP as the independent registered public accounting firm passed overwhelmingly with 3,871,548 votes in favor. Note that abstentions were treated as negative votes for the auditor ratification, which slightly increased the formal opposition tally relative to straightforward against votes.
TL;DR: No material operational or financial changes; shareholder votes maintain status quo for governance and audit oversight.
The disclosed vote counts show a decisive endorsement of the board and auditor selection, supporting near-term governance stability. While several directors received tens or hundreds of thousands of withheld votes (for example, 283,523 withheld for one nominee), the totals in favor exceeded withheld and against votes by substantial margins, so there is no immediate change implied to management or strategy from these results. Because this filing reports only meeting results and not financial metrics or transactions, there is no direct material financial impact disclosed here.
NVE Corporation ha reso noti i risultati della sua assemblea annuale degli azionisti, durante la quale si è votato per eleggere cinque amministratori, per approvare consultivamente la remunerazione dei dirigenti nominati e per ratificare la nomina di Boulay PLLP come società di revisione contabile indipendente registrata. Un totale di 4,837,166 azioni aveva diritto di voto e alla riunione era rappresentata la maggioranza.
Tutti e cinque i candidati in carica sono stati eletti. I risultati delle votazioni sono stati: Terrence W. Glarner 2,986,541 favorevoli, 283,523 astenuti; Daniel A. Baker 3,185,972 favorevoli, 84,092 astenuti; Patricia M. Hollister 3,030,813 favorevoli, 239,251 astenuti; James W. Bracke 3,220,647 favorevoli, 49,417 astenuti; e Kelly Wei 3,226,298 favorevoli, 43,766 astenuti. La votazione consultiva sulla retribuzione dei dirigenti è stata approvata con 3,171,573 favorevoli, 87,852 contrari e 10,637 astensioni. La nomina di Boulay PLLP come revisore è stata ratificata con 3,871,548 favorevoli, 2,794 contrari e 11,171 astensioni; si precisa che le astensioni su quella proposta sono state trattate come voti contrari.
NVE Corporation informó los resultados de su junta anual de accionistas, en la que se votó para elegir a cinco directores, para la aprobación consultiva de la remuneración de los altos ejecutivos nombrados y para ratificar el nombramiento de Boulay PLLP como la firma de contabilidad registrada independiente de la compañía. Un total de 4,837,166 acciones tenían derecho a voto y en la reunión estuvo representada la mayoría.
Los cinco candidatos en funciones fueron elegidos. Los totales de votos fueron: Terrence W. Glarner 2,986,541 a favor, 283,523 abstenciones; Daniel A. Baker 3,185,972 a favor, 84,092 abstenciones; Patricia M. Hollister 3,030,813 a favor, 239,251 abstenciones; James W. Bracke 3,220,647 a favor, 49,417 abstenciones; y Kelly Wei 3,226,298 a favor, 43,766 abstenciones. La votación consultiva sobre la compensación ejecutiva fue aprobada con 3,171,573 a favor, 87,852 en contra y 10,637 abstenciones. La designación de Boulay PLLP como auditor fue ratificada con 3,871,548 a favor, 2,794 en contra y 11,171 abstenciones; se indica que las abstenciones en esa propuesta se contabilizaron como votos en contra.
NVE Corporation는 연례 주주총회 결과를 발표했습니다. 총회에서는 이사 5명 선임, 지명된 임원 보수에 대한 권고적 승인, Boulay PLLP를 회사의 독립 등록 공인회계법인으로 선임하는 안건에 대해 투표가 진행되었습니다. 총 4,837,166주가 의결권을 보유했으며, 회의에는 과반이 출석(또는 대리 출석)했습니다.
현직 후보 5명 전원이 선임되었습니다. 투표 집계는 다음과 같습니다: Terrence W. Glarner 2,986,541 찬성, 283,523 기권; Daniel A. Baker 3,185,972 찬성, 84,092 기권; Patricia M. Hollister 3,030,813 찬성, 239,251 기권; James W. Bracke 3,220,647 찬성, 49,417 기권; 및 Kelly Wei 3,226,298 찬성, 43,766 기권. 임원 보수에 대한 권고적 표결은 3,171,573 찬성, 87,852 반대, 10,637 기권으로 가결되었습니다. Boulay PLLP의 감사 선임은 3,871,548 찬성, 2,794 반대, 11,171 기권으로 비준되었으며, 해당 안건에 대한 기권표는 반대표로 처리되었다고 기재되어 있습니다.
NVE Corporation a communiqué les résultats de son assemblée annuelle des actionnaires, au cours de laquelle ont été votés l'élection de cinq administrateurs, l'approbation consultative de la rémunération des dirigeants nommés et la ratification de la désignation de Boulay PLLP en tant que cabinet d'expertise comptable indépendant enregistré de la société. Un total de 4,837,166 actions avaient droit de vote et la majorité était représentée lors de la réunion.
Les cinq candidats en poste ont été élus. Les totaux des votes sont les suivants : Terrence W. Glarner 2,986,541 pour, 283,523 abstentions ; Daniel A. Baker 3,185,972 pour, 84,092 abstentions ; Patricia M. Hollister 3,030,813 pour, 239,251 abstentions ; James W. Bracke 3,220,647 pour, 49,417 abstentions ; et Kelly Wei 3,226,298 pour, 43,766 abstentions. Le vote consultatif sur la rémunération des dirigeants a été approuvé par 3,171,573 pour, 87,852 contre et 10,637 abstentions. La nomination de Boulay PLLP comme auditeur a été ratifiée par 3,871,548 pour, 2,794 contre et 11,171 abstentions ; le dépôt précise que les abstentions pour cette proposition ont été traitées comme des votes défavorables.
Die NVE Corporation gab die Ergebnisse ihrer jährlichen Hauptversammlung bekannt, bei der über die Wahl von fünf Direktoren, die beratende Zustimmung zur Vergütung benannter Führungskräfte und die Ratifikation der Bestellung von Boulay PLLP als unabhängige, registrierte Wirtschaftsprüfungsgesellschaft abgestimmt wurde. Insgesamt waren 4,837,166 Aktien stimmberechtigt, und auf der Versammlung war die Mehrheit vertreten.
Alle fünf amtierenden Kandidaten wurden gewählt. Die Stimmzettel ergaben: Terrence W. Glarner 2,986,541 dafür, 283,523 Enthaltungen; Daniel A. Baker 3,185,972 dafür, 84,092 Enthaltungen; Patricia M. Hollister 3,030,813 dafür, 239,251 Enthaltungen; James W. Bracke 3,220,647 dafür, 49,417 Enthaltungen; und Kelly Wei 3,226,298 dafür, 43,766 Enthaltungen. Die beratende Abstimmung über die Vorstandsvergütung wurde mit 3,171,573 dafür, 87,852 dagegen und 10,637 Enthaltungen angenommen. Die Bestellung von Boulay PLLP als Abschlussprüfer wurde mit 3,871,548 dafür, 2,794 dagegen und 11,171 Enthaltungen ratifiziert; es wird darauf hingewiesen, dass Enthaltungen bei diesem Antrag als Gegenstimmen gewertet wurden.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| ||
( | (Zip Code) |
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered |
The |
Item 5.07 Submission of Matters to a Vote of Security Holders.
Our 2025 Annual Meeting of Shareholders was held August 7, 2025, for the following purposes: (1) elect five directors; (2) advisory approval of named executive officer compensation; and (3) ratify the selection of Boulay PLLP as our independent registered public accounting firm for the fiscal year ending March 31, 2026.
Proxies for the meeting were solicited pursuant to Section 14(a) of the Exchange Act. All of the director nominees were incumbent directors, and all attended the Meeting.
There were 4,837,166 shares of common stock entitled to vote with a majority represented at the meeting. The Board of Directors recommended a vote for each of the director nominees, and for Proposals 2 and 3. There was no solicitation in opposition.
Abstentions for Proposals 1 and 2 did not affect the results. Abstentions for Proposal 3 had the effect of a negative vote.
The final voting results were as follows:
| Number of Shares | |||||||||||
Voted For |
|
| Withheld |
|
| Abstain | ||||||
1. | Elect five directors: |
|
| |||||||||
| Terrence W. Glarner |
| 2,986,541 |
|
|
| 283,523 |
|
|
| - | |
| Daniel A. Baker |
| 3,185,972 |
|
|
| 84,092 |
|
|
| - | |
| Patricia M. Hollister |
| 3,030,813 |
|
|
| 239,251 |
|
|
| - | |
| James W. Bracke |
| 3,220,647 |
|
|
| 49,417 |
|
|
| - | |
| Kelly Wei |
| 3,226,298 |
|
|
| 43,766 |
|
|
| - | |
|
| |||||||||||
Voted For |
|
| Voted Against |
|
| Abstain | ||||||
2. | Advisory approval of named executive officer compensation. |
|
| 3,171,573 |
|
|
| 87,852 |
|
|
| 10,637 |
| Voted For |
|
| Voted Against |
|
| Abstain | |||||
3. | Ratify the selection of Boulay PLLP as our independent registered public accounting firm for the fiscal year ending March 31, 2026. |
|
| 3,871,548 |
|
|
| 2,794 |
|
|
| 11,171 |
Based on the results, each director nominee was elected, named executive officer compensation was approved, and the selection of our independent registered public accounting firm was ratified.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date August 12, 2025 | NVE CORPORATION
/s/ DANIEL A.BAKER |
|
3
INDEX TO EXHIBITS
Exhibit # | Description |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
4
FAQ
What were the outcomes of NVEC's annual meeting?
How many shares were entitled to vote at the NVEC meeting?
What were the vote totals for the advisory approval of executive compensation (say-on-pay)?
What were the vote totals to ratify the independent auditor for NVEC?
Did any director nominees receive withheld votes?
