UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 14, 2005
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NVE Corporation
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(Exact name of registrant as specified in its charter)
Minnesota 000-12196 41-1424202
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
11409 Valley View Road, Eden Prairie, Minnesota 55344
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code (952) 829-9217
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(Former name or former address, if changed since last report)
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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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (1 7 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
Planned sale of Agilent's Semiconductor Product Group
We have an agreement with Agilent Technologies, Inc. to distribute our
spintronic couplers under its brand. By letter dated October 14, 2005, Agilent
has informed us that it has signed an agreement to sell its Semiconductor
Product Group (SPG) to Kohlberg Kravis Roberts and Company and Silver Lake
Partners. The transaction is expected to close by November 1, 2005. If the
planned sale closes, we expect purchase orders placed with us by SPG to be
honored under the new ownership structure, and expect to continue our business
relationship with SPG.
The letter from Agilent Technologies is attached as Exhibit 10 and
incorporated herein by reference.
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INDEX TO EXHIBITS
Exhibit Description
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10 Letter from Agilent Technologies
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SIGNATURE
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.
NVE CORPORATION
(Registrant)
Date October 19, 2005 /s/ Daniel A. Baker
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By: Daniel A. Baker
President and Chief Executive Officer
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