NVE (NVEC) Proxy filing summary

Executive summary

• Net income rose 27% in the most recent quarter, with core non-defense sales up 34%.

• Completed a two-year, multimillion-dollar expansion, boosting production capacity and manufacturing precision.

• Focused on four growth markets: medical devices, robotics, IoT/AIoT, and power conversion.

• Continued investment in R&D, launching new sensors and advancing next-generation technologies.

• Expanded sales efforts with new demonstrations, increased tradeshow presence, and a new distributor.

Voting matters and shareholder proposals

• Shareholders will vote on the appointment of Pete Eames as president and CEO at the upcoming Annual Meeting.

• Nomination of Carolyn Valentine as a new director to expand and strengthen the Board.

Board of directors and corporate governance

• Daniel A. Baker will step down as president and CEO, remaining as Board chairman.

• Terry Glarner will retire as chairman but continue as a Board member.

• Board expansion aims to enhance governance as the company grows.