Short answer
NVE CORP /NEW/ (NVEC) filed an 8-K current report with the SEC on June 22, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). CEO transition effective August 6, 2026: Daniel Baker retiring; Peter Eames appointed President and CEO.
NVE CORP /NEW/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO transition effective August 6, 2026: Daniel Baker retiring; Peter Eames appointed President and CEO
- Eames, current Advanced Technology VP since 2016, nominated to join the Board
- Baker expected to remain Board Chairman, subject to shareholder approval
- Eames compensation: $260,000 base salary plus performance incentives tied to fiscal 2027 operating income
- Carolyn Valentine nominated as independent director; committee assignments include Compensation and Governance
Item 8.01 · Other Events
- June 22, 2026 press release announced leadership changes and board nominations
- Leadership transition and proposed board composition may affect governance, strategy, and investor confidence
- Material details are contained in Exhibit 99, the company’s June 22, 2026 press release
Item EX-99.1 · Exhibit EX-99.1
- CEO transition effective August 6, 2026, with internal successor Peter G. Eames replacing Daniel A. Baker
- Baker expected to remain Chairman, preserving leadership continuity and institutional knowledge
- Eames’ background includes leading R&D, production expansions, and major capital investments since 2016
- Board expansion from five to seven directors, subject to shareholder approval
- Carolyn W. Valentine nominated as new independent director, adding hearing-technology industry experience
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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