NVE Corporation (NVEC)

Daniel A. Baker has been NVE's president, chief executive and a director since 2001. He came from Printware, Inc., a maker of high-speed imaging systems, where he was president and chief executive from 1993, and he holds a doctorate in biomedical engineering and an MBA from the University of Minnesota. The proxy statement for the 2026 annual meeting says he will retire as president and chief executive as of that meeting and remain on the board as chairman. The record this site holds shows him filing insider reports with the SEC since 2010, and still filing them. 1234

Peter G. Eames is to take over. He has worked at NVE since 2003, when he finished a doctorate in experimental condensed matter physics at the University of Minnesota, and has been vice president of advanced technology since 2016, leading research and development, directing engineering, overseeing the defense products business and managing the production expansions and major capital investments. The proxy statement says the board reviews a formal succession plan at least annually and that the plan for him to become chief executive came out of that process. The third executive officer is Daniel Nelson, the controller, who joined in 2022 as a senior accountant and has been principal financial officer since May 2023. 56789

The board has five directors and would grow to seven if every nominee is elected at the 2026 annual meeting. Terrence W. Glarner has been a director since 1999 and chairman of the board since January 2001; he runs West Concord Ventures, Inc., a venture capital company. Patricia M. Hollister has been a director since 2004 and was chief financial officer of FSI International Inc. from 1998 until TEL acquired it in 2012. James W. Bracke joined the board in 2021; Kelly Wei, a vice president of corporate strategy at Medtronic plc, in May 2024; and Carolyn W. Valentine, president of Grason-Stadler since October 2023, is a first-time nominee. Every director except Baker and Eames is independent by the Nasdaq test. On the record this site holds, nine people have ever filed insider reports for NVE and five of them filed in the last fifteen months. 10111213141516174

The company is tiny for a chip maker: 42 employees as of March 31, 2026, 40 of them full time, and no contingent workers. Voluntary turnover was 7 percent in fiscal 2026, which the filing sets against a semiconductor industry average of 16.4 percent. Forty-eight percent of the staff hold bachelor's or advanced degrees, against 26 percent of Minnesota workers. None of the employees is represented by a union or covered by a collective bargaining agreement. 18192021