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<SEC-DOCUMENT>0000724910-06-000009.txt : 20060630
<SEC-HEADER>0000724910-06-000009.hdr.sgml : 20060630
<ACCEPTANCE-DATETIME>20060630161804
ACCESSION NUMBER:		0000724910-06-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20060630
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20060630
DATE AS OF CHANGE:		20060630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NVE CORP /NEW/
		CENTRAL INDEX KEY:			0000724910
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				411424202
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		06938000

	BUSINESS ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344
		BUSINESS PHONE:		9528299217

	MAIL ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PREMIS CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ar-8k06.htm
<TEXT>
<html>
<p align="center"> <font face="Times New Roman, Times, serif" size="5"><b>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION</b></font><b><font face="Times New Roman, Times, serif" size="2"><br>
  Washington, D.C.&nbsp;&nbsp;20549</font></b></p>
<p align="center"><b><font face="Times New Roman, Times, serif" size="2"> <font size="5">FORM
  8-K</font></font></b></p>
<p align="center"><b><font face="Times New Roman, Times, serif" size="3">CURRENT REPORT<br>
  </font></b><font face="Times New Roman, Times, serif" size="3"><b>Pursuant to
  Section 13 OR 15(d) of The Securities Exchange Act of 1934</b></font></p>
<p><font face="Times New Roman, Times, serif" size="2"><br>
  Date of Report (Date of earliest event reported)&nbsp;&nbsp;<b><u>June 30, 2006</u></b><br>
  </font></p>
<div align="center"><font face="Times New Roman, Times, serif" size="5"> <b><u>NVE
  Corporation</u></b></font><font face="Times New Roman, Times, serif" size="2"><br>
  (Exact name of registrant as specified in its charter)</font></div>
<font face="Times New Roman, Times, serif" size="2">
<div align="center">
  <p>&nbsp;</p>
</div>
</font>
<div align="center"></div>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
  <tr>
    <td width="33%">
      <p align="center"><font face="Times New Roman, Times, serif"><b><font size="2" ><u>Minnesota</u></font></b></font></p>
    </td>
    <td width="33%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2"><b><u>000-12196</u>
        </b> </font></div>
    </td>
    <td>
      <p align="center"><b><font size="2" face="Times New Roman"><u>41-1424202</u></font></b></p>
    </td>
  </tr>
  <tr>
    <td width="33%">
      <p align="center"><font size="2" face="Times New Roman, Times, serif">(State or other jurisdiction of incorporation)</font></p>
    </td>
    <td width="33%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2">(Commission File Number) </font></div>
    </td>
    <td>
      <div align="center"><font size="2" face="Times New Roman, Times, serif">(IRS Employer Identification No.)</font></div>
    </td>
  </tr>
</table>
<br>
<br>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
  <tr>
    <td width="25%">
      <p align="center"><font face="Times New Roman, Times, serif"><b><font size="2">&nbsp;</font></b></font></p>
    </td>
    <td width="50%">
      <p align="center"><font size="2"><b><u>11409 Valley View Road, Eden Prairie, Minnesota</u></b></font></p>
    </td>
    <td>
      <p align="center"><font size="2"><b><font face="Times New Roman" ><u>55344</u></font></b></font></p>
    </td>
  </tr>
  <tr>
    <td width="25%">
      <p align="center"><font size="2">&nbsp;</font></p>
    </td>
    <td width="50%">
      <p align="center"><font size="2" face="Times New Roman, Times, serif">(Address of principal executive offices)</font></p>
    </td>
    <td>
      <p align="center"><font size="2">(Zip Code)</font></p>
    </td>
  </tr>
</table>
<br>
<font size="2" face="Times New Roman, Times, serif"> Registrant&#146;s telephone
number, including area code <b><u>(952) 829-9217</u></b><br>
</font>
<p align="center"><font face="Times New Roman, Times, serif" size="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
  </font><font face="Times New Roman, Times, serif" size="2">(Former name or former
  address, if changed since last report.)</font></p>
<p><font face="Times New Roman, Times, serif" size="2">Check the appropriate box
  below if the Form 8-K filing is intended to simultaneously satisfy the filing
  obligation of the registrant under any of the following provisions (see General
  Instruction A.2. below):</font></p>
<p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;] Written
  communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;] Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;] Pre-commencement communications
  pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;] Pre-commencement communications
  pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<hr> <br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman, Times, serif" size="2"><b>Item 7.01. Regulation
  FD Disclosure</b><br>
  </font> </p>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">We
  plan to begin the distribution of our 2006 Annual Report to shareholders on
  or about July 5, 2006, which will include a letter to our shareholders.</font></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center"><font face="Times New Roman, Times, serif" size="2">-2-</font></p>
<hr> <br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman, Times, serif" size="2"> <b>SIGNATURE</b></font></p>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">
  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.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
  <tr>
    <td width="25%">
      <p align="left"><font face="Times New Roman, Times, serif" size="2">Date
        <b>&nbsp;&nbsp;<u>June 30, 2006</u></b></font></p>
    </td>
    <td>
      <p align="left"><font face="Times New Roman, Times, serif" size="2"><b><u>NVE
        CORPORATION</u></b></font><font size="2"></font></p>
    </td>
  </tr>
  <tr>
    <td width="25%">
      <p align="center"><font size="2">&nbsp;</font></p>
    </td>
    <td>
      <p align="left"><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</font></p>
    </td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td>
      <div align="left"><font face="Times New Roman, Times, serif" size="2"><u>/s/
        DANIEL A. BAKER</u></font></div>
    </td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td>
      <div align="left"><font face="Times New Roman, Times, serif" size="2"> By:
        Daniel A. Baker</font></div>
    </td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td> <font size="2" face="Times New Roman, Times, serif">President and Chief
      Executive Officer</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center"><font face="Times New Roman, Times, serif" size="2">-3-</font></p>
<hr> <br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman, Times, serif" size="2"><b>INDEX TO EXHIBITS</b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="8%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2"><b><u>Exhibit #</u></b></font></div>
    </td>
    <td>
      <div align="center"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></div>
    </td>
    <td width="88%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2"><b><u>Description</u></b></font></div>
    </td>
  </tr>
  <tr>
    <td width="8%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></div>
    </td>
    <td>
      <div align="center"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></div>
    </td>
    <td width="88%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></div>
    </td>
  </tr>
  <tr>
    <td width="8%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2">99</font></div>
    </td>
    <td>
      <div align="center"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></div>
    </td>
    <td width="88%">
      <div align="center"><font face="Times New Roman, Times, serif" size="2">Letter
        to shareholders to be included in NVE&#146;s 2006 Annual Report</font></div>
    </td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center"><font face="Times New Roman, Times, serif" size="2"><br>-4-</font></p>
<hr>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>letter06.htm
<DESCRIPTION>LETTER TO SHAREHOLDERS TO BE INCLUDED IN NVE'S 2006 ANNUAL REPORT
<TEXT>
<html>
<p><font face="Times New Roman, Times, serif" size="2"><b><font size="3">Fellow
  Shareholders: </font></b></font></p>
<p><font face="Times New Roman, Times, serif" size="2">In fiscal 2006 we continued
  to advance practical spintronics. Some of NVE&#146;s highlights in fiscal 2006
  included:</font></p>
<p><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&#149;
  Product sales increased more than 50%;<br>
  <br>
  &nbsp;&nbsp;&nbsp;&#149; Pretax income increased more than 75% on increased
  product sales and higher margins; <br>
  <br>
  &nbsp;&nbsp;&nbsp;&#149; Cash and investments increased more than $3 million
  to nearly $10.9 million; and</font></p>
<p><font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;&nbsp;&#149;
  We strengthened our intellectual property portfolio with R&amp;D contracts and
  patents.</font></p>
<p><font face="Times New Roman, Times, serif" size="2"><b>Products in Demand</b></font>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">
  The importance of our technology is validated
  every day in the most demanding industrial and medical applications. Our products
  are enabling amazing precision in industrial controls, and thousands of people&#146;s
  lives are better because NVE parts are in their pacemaker, defibrillator, or
  hearing aid. In the past year we signed a supplier partnership agreement with
  St. Jude Medical. Our components allow smaller, more reliable medical devices.
  Improved reliability means less chance of recall, failure, or need for surgical
  replacement. In hearing aids, our products enable less obtrusive devices and
  more natural interaction with cellphones and other electronics.</font></p>
<p><font face="Times New Roman, Times, serif" size="2"><b>Focused Research and
  Development</b></font>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">
With our product sales growth we are able
  to fund more R&amp;D internally. Nevertheless, contract R&amp;D remains an important
  means to advance our technology. Government contracts in the past year included
  MRAM development, spin-dependent tunneling, and biosensors for laboratory-on-a-chip
  systems. We were also awarded several security and anti-tamper contracts, a
  promising new field for our technology. </font></p>
  <p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">Despite
  our successes, we believe we are just scratching the surface of spintronics&#146;
  potential. We have increased company-funded R&amp;D, and we are proud to have
  some of the world&#146;s brightest minds in this field. Our goals are nothing
  short of developing revolutionary new products.</font></p>
<p><font face="Times New Roman, Times, serif" size="2"><b>Strengthening Intellectual
  Property</b></font>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">Two U.S. patents issued in fiscal 2006 plus
  three thus far in fiscal 2007 bring our total issued U.S. patents to 38. Most
  of our patents relate to MRAM, which could be the long-sought universal memory
  combining the speed of SRAM, the density of DRAM, and the nonvolatility of flash
  memory.</font></p>
<p><font face="Times New Roman, Times, serif" size="2"><b>Transitions</b></font>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">
  Richard George retired as NVE&#146;s chief
  financial officer in January 2006. We made tremendous progress during his tenure
  as CFO, and we appreciate his many contributions to the company over the past
  15 years. Curt Reynders was promoted to CFO and will play a key role for NVE
  moving forward.</font></p>
  <p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">NVE
  founder Dr. Jim Daughton will retire from our board of directors effective with
  the August 2006 Annual Meeting of Shareholders. Jim will always be the soul
  of NVE and he will remain an employee so his considerable talents will still
  be available to us. Jim Hartman, chairman of the board of Enpath Medical, has
  been nominated to join our board. He has a broad range of management experience,
  particularly in the medical device industry.</font></p>
<p><font face="Times New Roman, Times, serif" size="2"><b>The Spintronics Revolution</b></font>
<p style="text-indent:.5in;"><font face="Times New Roman, Times, serif" size="2">
I am proud of NVE&#146;s
  accomplishments in the past year, and we look forward to a very bright future.
  We entered fiscal 2007 with a strong balance sheet, products that are in demand,
  and an excellent intellectual property portfolio. In fiscal 2007 our goals are
  to continue to grow product sales, to license our inventions for the MRAM of
  the present, and to continue developing the MRAM of the future.</font></p>
<p><font face="Times New Roman, Times, serif" size="2">Sincerely,</font></p>
<p><font face="Times New Roman, Times, serif" size="2">/s/ DANIEL A. BAKER<br>
  Daniel A. Baker, Ph.D.<br>
  President and Chief Executive Officer</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>
      <div align="center"><img src="sales.gif" width="153" height="172" alt="Chart: Product Sales Growth"></div>
    </td>
    <td>
      <div align="center"><img src="profits.gif" width="156" height="172" alt="Chart: Higher Profits"></div>
    </td>
    <td>
      <div align="center"><img src="liquidty.gif" width="158" height="172" alt="Chart: Increased Liquidity"></div>
    </td>
  </tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>sales.gif
<DESCRIPTION>CHART: PRODUCT SALES GROWTH
<TEXT>
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`
end
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</DOCUMENT>
<DOCUMENT>
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<SEQUENCE>4
<FILENAME>profits.gif
<DESCRIPTION>CHART: HIGHER PROFITS
<TEXT>
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`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>liquidty.gif
<DESCRIPTION>CHART: INCREASED LIQUIDITY
<TEXT>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
