<SEC-DOCUMENT>0000724910-13-000015.txt : 20130624
<SEC-HEADER>0000724910-13-000015.hdr.sgml : 20130624
<ACCEPTANCE-DATETIME>20130624160531
ACCESSION NUMBER:		0000724910-13-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20130620
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
FILED AS OF DATE:		20130624
DATE AS OF CHANGE:		20130624

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:		13929759

	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>auditor_8K.htm
<DESCRIPTION>CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
<TEXT>
<font face="Times New Roman, Times, serif" size="2">&nbsp;</font>
<div 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><b><font face="Times New Roman, Times, serif" size="5">FORM
8-K</font></b>
<p><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></div>
<p><font face="Times New Roman, Times, serif" size="2"><br>
Date of Report (Date of earliest event reported)&nbsp;&nbsp;<b><u>June 20, 2013</u></b><br>
</font></p><div align="center"><b><font size="6" face="Arial, Helvetica, sans-serif"><img src="nve-logo.gif" width="276" height="55" alt="NVE Logo"><br>
NVE Corporation</font></b><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>
<p align="center"><font size="2" face="Times New Roman, Times, serif">(State
or other jurisdiction of incorporation)</font></p></td><td>
<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 rowspan="2" width="25%"></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="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><br>
<div align="center"><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>
(Former name or former address, if changed since last report.)</div><br><br>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):<br>
<br>
[&nbsp;&nbsp;] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
<br>
[&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)<br>
<br>
[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))<br>
<br>
[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))<br><br>
</font>
<hr>
<br clear="all" style="page-break-before:always;">
<font face="Times New Roman, Times, serif" size="2"><b>Item 4.01. Changes in Registrant&#146;s Certifying Accountant.</b><br>
<br>
<i><b>Our Previous Accounting Firm</b></i>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June 20, 2013, we notified our independent registered public accounting firm, Ernst & Young LLP, of our decision to dismiss Ernst & Young as our independent registered public accounting firm effective that date. The decision to change accounting firms was approved by our Audit Committee.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The report of Ernst & Young on our financial statements for the years ended March&nbsp;31, 2013 and 2012 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the two fiscal years ended March&nbsp;31, 2013 and 2012, and through the date of Ernst&nbsp;& Young&#146;s dismissal, there were no disagreements with Ernst&nbsp;& Young on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Ernst&nbsp;& Young, would have caused Ernst&nbsp;& Young to make reference to the subject matter of the disagreements in connection with their reports on our financial statements for such periods. There were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K) during the two fiscal years ended March&nbsp;31, 2013 and 2012, or the subsequent period through the date of Ernst&nbsp;& Young&#146;s dismissal.
<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ernst&nbsp;& Young&#146;s letter to the Securities and Exchange Commission stating whether it agrees with the statements in the above paragraphs is filed as Exhibit&nbsp;16 to this Current Report on Form 8-K.<br>
<br>
<i><b>Our New Accounting Firm</b></i><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;20, 2013, we engaged Grant Thornton LLP as our new independent registered public accounting firm, effective immediately.
The decision was approved by our Audit Committee.
During the years ended March&nbsp;31, 2013 and 2012, and through the date of Grant Thornton&#146;s engagement,
we did not consult with Grant Thornton regarding any of the matters or events set forth in
Item&nbsp;304(a)(2)(i) and&nbsp;(ii) of Regulation&nbsp;S-K.<br>
<br>
<i><b>Reasons for the Change</b></i>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In making the change in our independent registered public accounting firm, we considered a number of factors, including lower estimated audit fees for the fiscal year ending March&nbsp;31, 2014 and subsequent years. We also considered the governance value of audit firm rotation, as Ernst&nbsp;& Young has audited our financial statements for 13 consecutive fiscal years.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We plan to request shareholder ratification of the engagement of Grant Thornton at our 2013 Annual Meeting of Shareholders. We will include our Board of Director&#146;s recommendation and required information in the Proxy Statement for our 2013 Annual Meeting of Shareholders.<br>
<br>
<div align="center">2</div>
</font>
<hr><br clear="all" style="page-break-before:always;">
<font face="Times New Roman, Times, serif" size="2">
<div align="center"><b>SIGNATURE</b><br>
<br>
</div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.<br>
&nbsp;
</font>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="33%" valign="top">
<font face="Times New Roman, Times, serif" size="2">Date&nbsp;&nbsp;<b><u><font face="Times New Roman" style="font-size:10pt;">June&nbsp;<b>24</b>, 2013</font></u></b>
</font>
</td>
<td align="center" width="34%"><font face="Times New Roman, Times, serif" size="2"><b><u>NVE CORPORATION<br>
</u></b>(Registrant)<br>
<br>
<u>&nbsp;/s/&nbsp;CURT&nbsp;A.&nbsp;REYNDERS</u><br>
Curt A. Reynders<br>
Chief Financial Officer</font></td><td width="33%"></td></tr>
</table><p>
<p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p align="center"><font face="Times New Roman, Times, serif" size="2">3</font>
<hr> <br clear="all" style="page-break-before:always;">
<div align="center"><font face="Times New Roman, Times, serif" size="2"><b>INDEX TO EXHIBITS</b><br>
<br>
</font> </div><table width="100%" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="1%">
<div align="center"><font face="Times New Roman, Times, serif" size="2"><b><u>Exhibit&nbsp;#</u></b></font></div></td>
<td>
<div align="center"><font face="Times New Roman, Times, serif" size="2"><b><u>Description</u></b></font></div>
</td></tr>
<tr>
<td colspan="2"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
</tr>
<tr>
<td valign="top" align="center">
<font face="Times New Roman, Times, serif" size="2">16</font></td>
<td align="center"><font face="Times New Roman, Times, serif" size="2">Letter from Ernst & Young LLP dated June 24, 2013.</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"><br>
4</font>
<hr>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16
<SEQUENCE>2
<FILENAME>ey-lettr.htm
<DESCRIPTION>LETTER FROM ERNST & YOUNG LLP DATED JUNE 24, 2013
<TEXT>
<div align="right">EXHIBIT 16</div>
&nbsp;<br>
June 24, 2013<br>
<br>
<br>Securities and Exchange Commission
<br>100 F Street, N.E.
<br>Washington, DC 20549
<br>
<br>Ladies and Gentlemen:
<br>
<br>We have read Item 4.01 of Form 8-K dated June 20, 2013, of NVE Corporation and are in agreement
with the statements contained in the first sentence of the first paragraph,
and the second and third paragraphs of page&nbsp;2 therein.
We have no basis to agree or disagree with other statements of the registrant contained therein.
<br>
<br>/s/ Ernst & Young LLP
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>nve-logo.gif
<DESCRIPTION>NVE CORPORATION LOGO
<TEXT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
