NVE (NVEC) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for August 1, 2024, at company headquarters in Eden Prairie, MN.

• Shareholders will vote on director elections, executive compensation, and auditor ratification.

• Proxy materials include the 2024 Proxy Statement, Letter to Shareholders, and Annual Report on Form 10-K.

Voting matters and shareholder proposals

• Election of five directors is on the agenda.

• Advisory vote on named executive officer compensation will be held.

• Ratification of Boulay PLLP as independent registered public accounting firm for fiscal year ending March 31, 2025.

• Board recommends voting FOR all director nominees and FOR Proposals 2 and 3.

Board of directors and corporate governance

• Only shareholders of record as of June 7, 2024, are entitled to vote at the meeting.