NVE Corp 2025 Annual Meeting: Director Elections, Say-on-Pay & Auditor

Rhea-AI Filing Summary

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.

Insights

Corporate Governance Expert

TL;DR: Routine proxy filing; standard governance items, no new strategic initiatives or financial disclosures—overall neutral for NVEC shareholders.

This DEFA14A is a straightforward notice for the 2025 Annual Meeting. All proposals—director elections, say-on-pay, and auditor ratification—are customary and align with prior years. There are no contested elections, compensation policy changes, or auditor switches, which signals business-as-usual governance. Because no material transactions, capital actions, or performance metrics are disclosed, the filing is procedurally necessary but not market-moving. Investors should simply note the key dates: record date June 13 and meeting August 7.

 

 
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:

☐	Preliminary Proxy Statement
☐	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐	Definitive Proxy Statement
☑	Definitive Additional Materials
☐	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):
☑	No fee required.
 	 
☐	Fee paid previously with preliminary materials.
 	 
☐	Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11
 	 
 	 
 	 
 	 

 

11409 Valley View Road
Eden Prairie, MN 55344-3617
www.nve.com

 

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

Fellow Shareholders:

The Annual Meeting of Shareholders of NVE Corporation will be held Thursday, August 7, 2025, 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:

    &nbsp     	1.   	Elect five directors.  
	2.	Advisory approval of named executive officer compensation.  
	3.	Ratify the selection of Boulay PLLP as our independent registered public accounting firm for the fiscal year ending March 31, 2026.  
	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 13, 2025, are entitled to execute proxies or to vote at the 2025 Annual Meeting.

Our Proxy Materials include our 2025 Proxy Statement, our 2025 Letter to Shareholders, and our Annual Report on Form 10-K for the year ended March 31, 2025.

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.
 

Sincerely,

Daniel A. Baker
President and CEO

June 23, 2025

FAQ

When is NVE Corp (NVEC) holding its 2025 Annual Meeting of Shareholders?

The meeting is scheduled for August 7, 2025 at 3:30 p.m. CDT at the company’s Eden Prairie, MN headquarters.

What is the record date for voting at NVEC’s 2025 annual meeting?

Shareholders must be on record as of June 13, 2025 to be eligible to vote.

What proposals will NVEC shareholders vote on in 2025?

They will vote on five director elections, an advisory Say-on-Pay resolution, and the ratification of Boulay PLLP as auditor.

Who is NVEC’s proposed independent auditor for fiscal 2026?

The Board recommends Boulay PLLP as the independent registered public accounting firm.

How can street-name shareholders obtain NVE’s 2025 proxy materials?

Street-name holders receive a Notice of Internet Availability and may request paper copies of the full proxy materials.