<SEC-DOCUMENT>0000724910-16-000065.txt : 20160720
<SEC-HEADER>0000724910-16-000065.hdr.sgml : 20160720
<ACCEPTANCE-DATETIME>20160720160539
ACCESSION NUMBER:		0000724910-16-000065
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160720
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20160720
DATE AS OF CHANGE:		20160720

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:		161775517

	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>NVE_Q1_FY2016_8K.htm
<DESCRIPTION>CURRENT REPORT ON FORM 8-K
<TEXT>
<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>July 20, 2016</u></b></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>
<DIV STYLE="page-break-after: always;"><HR></DIV>
<font face="Times New Roman, Times, serif" size="2"><b>Item 2.02. Results of Operations
and Financial Condition.</b><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furnished as Exhibit 99 is a press release of NVE
Corporation reporting results for the quarter ended June&nbsp;30, 2016.<br>
<br>
<br>
<b>Item 8.01. Other Events.</b><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVE Corporation announced that its Board of Directors
approved a quarterly cash dividend to shareholders of $1.00 per share of common
stock, payable August&nbsp;31, 2016 to shareholders of record as of August&nbsp;1,
2016.<br>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
</font>
<DIV STYLE="page-break-after: always;">
<DIV STYLE="width: 100%; text-align: center;"><font face="Times New Roman, Times, serif" size="2">2</FONT></DIV>
<HR>
</DIV>
<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>July
20, 2016</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"><DIV STYLE="page-break-after: always;">
<DIV STYLE="width: 100%; text-align: center;"><font face="Times New Roman, Times, serif" size="2">3</FONT></DIV>
<HR>
</DIV>
<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 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 colspan="2"><font face="Times New Roman, Times, serif" size="2">&nbsp;</font></td>
</tr>
<tr>
<td valign="top">
<font face="Times New Roman, Times, serif" size="2">&nbsp;&nbsp;99</font></td>
<td align="center"><font face="Times New Roman, Times, serif" size="2">Press release
of NVE Corporation reporting results for the quarter ended June 30, 2016 and announcing
a quarterly dividend.&nbsp;</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-99
<SEQUENCE>2
<FILENAME>q1-17pr.htm
<DESCRIPTION>PRESS RELEASE FOR QUARTER ENDED JUNE 30, 2016
<TEXT>
<p><hr color="#225EAC" noshade size="1"> <table width="100%" border="0" cellspacing="00" cellpadding="0">
<tr> <td valign="middle"><img src="sml-logo.gif" alt="NVE Logo"></td><td align="right"><font face="Arial, Helvetica, sans-serif" size="3"><b>PRESS
RELEASE</b></font>
<br><font face="Arial, Helvetica, sans-serif" size="2">For immediate release</font></td></tr> </table><hr color="#225EAC" noshade size="1">
<div align="center"><font face="Arial, Helvetica, sans-serif"><br>
<b>NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend</b><br>
<i>Company reports second consecutive sequential quarterly increases in product
sales, total revenue, and net income</i></font></div>
<font face="Times New Roman, Times, serif" size="2"><br>
EDEN PRAIRIE, Minn.&#151;July 20, 2016&#151;NVE Corporation (Nasdaq: NVEC) announced
today financial results for the quarter ended June 30, 2016.<br>
<br>
Compared to the immediately-prior quarter ended March 31, 2016, product sales
increased 12% sequentially, total revenue increased 10%, and net income increased
20%.<br>
<br>
Compared to prior-year quarter ended June 30, 2015, total revenue for the first
quarter of fiscal 2017 decreased 19% to $6.71&nbsp;million from $8.32&nbsp;million
in the prior-year quarter. The decrease was due to a 24% decrease in product sales,
partially offset by a 46% increase in contract research and development revenue.
Net income for the first quarter of fiscal 2017 decreased 18% to $3.13&nbsp;million,
or $0.65&nbsp;per diluted share, compared to $3.80&nbsp;million, or $0.78&nbsp;per
share, for the prior-year quarter.<br>
<br>
The company also announced a quarterly cash dividend to shareholders of $1.00
per share of common stock, payable August&nbsp;31, 2016 to shareholders of record
as of August&nbsp;1, 2016.<br>
<br>
&#147;We are pleased to report our second consecutive sequential quarterly increases
in product sales, total revenue, and net income,&#148; said NVE President and
Chief Executive Officer Daniel&nbsp;A. Baker, Ph.D.<br>
<br>
NVE is a leader in the practical commercialization of spintronics, a nanotechnology
that relies on electron spin rather than electron charge to acquire, store and
transmit information. The company manufactures high-performance spintronic products
including sensors and couplers that are used to acquire and transmit data. NVE
has also licensed its spintronic magnetoresistive random access memory technology,
commonly known as MRAM.<br>
<br>
<b>Statements used in this press release that relate to future plans, events,
financial results or performance are forward-looking statements that are subject
to certain risks and uncertainties including, among others, such factors as risks
of decreased revenues, risks related to our reliance on several large customers
for a significant percentage of revenue, uncertainties in dividend payments to
our shareholders, as well as the risk factors listed from time to time in our
filings with the SEC, including our Annual Report on Form 10-K for the fiscal
year ended March 31, 2016 and other reports filed with the SEC.</b><br>
<br>
</font>
<DIV STYLE="page-break-after: always;">
<DIV STYLE="width: 100%; text-align: center;"><font face="Times New Roman, Times, serif" size="2">###</font></DIV>
<HR>
</DIV><table border="0" cellspacing="0" cellpadding="0" align="center">
<tr>
<td>
<pre><b>
                              NVE CORPORATION
                           STATEMENTS OF INCOME
             QUARTERS ENDED JUNE 30, 2016 AND 2015 (Unaudited)

                                          Quarter Ended June 30
                                            2016         2015</b>
                                        -------------------------
  Revenue
   Product sales                         $ 5,851,214  $ 7,735,865
   Contract research and development         856,558      585,054
                                        -------------------------
  Total revenue                            6,707,772    8,320,919
  Cost of sales                            1,385,178    1,993,928
                                        -------------------------
  Gross profit                             5,322,594    6,326,991
  Expenses
   Selling, general, and administrative      389,915      484,764
   Research and development                  758,368      681,001
                                        -------------------------
  Total expenses                           1,148,283    1,165,765
                                        -------------------------
  Income from operations                   4,174,311    5,161,226
  Interest income                            437,734      485,798
                                        -------------------------
  Income before taxes                      4,612,045    5,647,024
  Provision for income taxes               1,479,500    1,843,798
                                        -------------------------
  Net income                             $ 3,132,545  $ 3,803,226
                                        =========================
  Net income per share - basic                $ 0.65       $ 0.78
                                        =========================
  Net income per share - diluted              $ 0.65       $ 0.78
                                        =========================
  Weighted average shares outstanding
   Basic                                   4,835,010    4,854,841
   Diluted                                 4,837,095    4,860,848</pre>
</td>
</tr>
</table><DIV STYLE="page-break-after: always;">
<HR>
</div>
<table border="0" cellspacing="0" cellpadding="0" align="center">
<tr>
<td>
<pre><b>                              NVE CORPORATION
                               BALANCE SHEETS
                         JUNE 30 AND MARCH 31, 2016

                                              (Unaudited)
                                             June 30, 2016   March 31, 2016</b>
                                             ------------------------------
  ASSETS
  Current assets
   Cash and cash equivalents                  $   1,905,697    $  7,534,593
   Marketable securities, short term             19,559,795      19,697,384
   Accounts receivable, net of allowance for
    uncollectible accounts of $15,000             2,651,926       2,244,086
   Inventories                                    3,186,450       3,205,233
   Prepaid expenses and other assets                701,867         734,524
                                             ------------------------------
  Total current assets                           28,005,735      33,415,820
  Fixed assets
   Machinery and equipment                        8,839,621       8,840,033
   Leasehold improvements                         1,539,965       1,539,965
                                             ------------------------------
                                                 10,379,586      10,379,998
   Less accumulated depreciation                  8,882,264       8,688,285
                                             ------------------------------
  Net fixed assets                                1,497,322       1,691,713
  Long-term deferred tax assets                           -          51,188
  Marketable securities, long term               71,170,799      65,695,335
                                             ------------------------------
  Total assets                                $ 100,673,856   $ 100,854,056
                                             ==============================

  LIABILITIES AND SHAREHOLDERS' EQUITY
  Current liabilities
   Accounts payable                               $ 297,831       $ 317,990
   Accrued payroll and other                        591,821         556,674
   Income taxes payable                           1,281,154               -
   Deferred revenue                                 714,805         714,805
                                             ------------------------------
  Total current liabilities                       3,079,931       1,589,469

  Long-term deferred tax liabilities                    520               -

  Shareholders' equity
   Common stock                                      48,350          48,350
   Additional paid-in capital                    19,205,682      19,205,682
   Accumulated other comprehensive income           676,962         451,359
   Retained earnings                             77,856,731      79,559,196
                                             ------------------------------
  Total shareholders' equity                     97,787,725      99,264,587
                                             ------------------------------
  Total liabilities and shareholders' equity  $ 100,673,856   $ 100,854,056
                                             ==============================</pre>
</td>
</tr>
</table>
<hr>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>nve-logo.gif
<DESCRIPTION>NVE CORPORATION LOGO
<TEXT>
begin 644 nve-logo.gif
M1TE&.#EA% $V +,   !&K0DW>0<C3$!.8GAY>O___^+BXK2TM
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MU_)%,+*=NCKJ)0UAF'57%7FR*J/NBF^\WLZ/K&KJ\K?1?<FQJM(7'2>Z\>A
M6Z^^U0$_=_9@A?J,2]0S^5?G[KV)=W.\!X[1Z>$OZ23KAVSY.J+<@R6\);7?
<W_[PN0-QO@E!Z%WBFM(PQNEH$ 9,H %1$P$ .P$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>sml-logo.gif
<DESCRIPTION>NVE CORPORATION LOGO
<TEXT>
begin 644 sml-logo.gif
M1TE&.#EA9@ = ,0   !&K=79W^CJ[0TL5%1OD@!*J ! D0 Q;P <0! E0"U)
M:WJ2L)^RRL/(SO____?W][6UM:BHJ(V-C6YN;E%143<W-R4E)0
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)0L=YL@HA   [

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
