NVE CORP /NEW/ - 8-K Filing
NVE Corporation announced that Daniel A. Baker will retire as President and CEO effective August 6, 2026, with Peter G. Eames appointed to succeed him in the same role pending shareholder approval. Dr. Eames' annual base salary is set at $260,000 plus performance-based compensation tied to fiscal 2027 income from operations and its growth compared to fiscal 2026. The Board also nominated Carolyn W. Valentine for a director position. (Items: 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi, 8.01 Other Events)
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