NVE Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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
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Securities registered pursuant to Section 12(b) of the Act:
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The |
Item 5.07 Submission of Matters to a Vote of Security Holders.
Our 2024 Annual Meeting of Shareholders was held August 1, 2024, 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, 2025.
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 4,833,676 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 |
| 2,782,656 |
|
|
| 340,003 |
|
|
| 4 | |
| Daniel A. Baker |
| 3,057,289 |
|
|
| 65,370 |
|
|
| 4 | |
| Patricia M. Hollister |
| 2,852,543 |
|
|
| 270,116 |
|
|
| 4 | |
| James W. Bracke |
| 3,048,942 |
|
|
| 73,717 |
|
|
| 4 | |
| Kelly Wei |
| 3,060,693 |
|
|
| 61,966 |
|
|
| 4 | |
|
| |||||||||||
Voted For |
|
| Voted Against |
|
| Abstain | ||||||
2. | Advisory approval of named executive officer compensation. |
|
| 3,015,808 |
|
|
| 89,586 |
|
|
| 17,267 |
| 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, 2025. |
|
| 3,759,285 |
|
|
| 6,099 |
|
|
| 39,921 |
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.
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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 5, 2024 | NVE CORPORATION
/s/ DANIEL A.BAKER |
|
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INDEX TO EXHIBITS
Exhibit # | Description |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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