Management ChangeJun 22, 2026, 04:12 PM
NVE Corp. Announces CEO Succession, Board Expansion to 7 Directors
AI Summary
NVE Corporation announced its 2026 Annual Meeting of Shareholders, where Dr. Peter G. Eames is expected to be appointed President and CEO, succeeding Dr. Daniel A. Baker, who will transition to Chairman of the Board. The company also nominated Dr. Eames and Ms. Carolyn W. Valentine as new directors, which would expand the Board from five to seven members. The proxy statement details proposals for the meeting, including the election of directors and an advisory vote on executive compensation.
Key Highlights
- Dr. Peter G. Eames to succeed Dr. Daniel A. Baker as President and CEO effective August 6, 2026
- Dr. Baker will remain on the Board as Chairman
- Board to expand from 5 to 7 directors with the election of Dr. Eames and Ms. Carolyn W. Valentine
- Annual Meeting of Shareholders scheduled for August 6, 2026, at 3:30 p.m. CDT
- Record date for voting was June 12, 2026, with 4,837,166 shares outstanding
- Defiance ETFs, LLC beneficially owns 12.0% of outstanding common stock
- BlackRock Inc. beneficially owns 7.7% of outstanding common stock
- Vanguard Capital Management beneficially owns 5.0% of outstanding common stock
Price Impact
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