content: 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 17, 2005
                                                    ----------------
  
                                   NVE Corporation
                                   ---------------
               (Exact name of registrant as specified in its charter)
  
           Minnesota                     000-12196                 41-1424202
  -------------------------------------------------------------------------------
  (State or other jurisdiction          (Commission             (IRS Employer
        of incorporation)               File Number)          Identification No.)
  
  
  11409 Valley View Road, Eden Prairie, Minnesota                        55344
  -------------------------------------------------------------------------------
      (Address of principal executive offices)                         (Zip Code)
  
  Issuer's telephone number, including area code  (952) 829-9217
                                                  --------------
  
  
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)
  
                                   ---------------
  
       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))
  
  <PAGE>
  
  Item 1.01 Entry into a Material Definitive Agreement
  
       On October 17, 2005, our Board of Directors voted to terminate the NVE
  Corporation 2001 Employee Stock Purchase Plan effective January 1, 2006. The
  plan was approved by our shareholders in 2001 and allowed us to issue up to
  200,000 shares of common stock. Since the plan was implemented, we issued
  7,009; 12,566; 8,917; and 2,839 shares of common stock under the plan for
  fiscal years 2005, 2004, 2003, and 2002, respectively. The termination was in
  anticipation of the impact of Financial Accounting Standards Board Statement of
  Financial Accounting Standards ("SFAS") No. 123(R), which we believe would have
  required recognizing expenses associated with the issuance of shares under the
  Plan. Public entities that do not file as small business issuers will be
  required to apply SFAS No. 123(R) as of the first annual reporting period
  beginning after June 15, 2005. The termination of the Plan will not affect
  participants' options to purchase shares under the Plan on December 31, 2005.
  
  
                                         -2-
  
  
  <PAGE>
  
                                      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
                                            -------------------
                                            By: Daniel A. Baker
                                            President and Chief Executive Officer
  
  
  
                                         -3-
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metadata_filer: {"company-data": {"conformed-name": "NVE CORP /NEW/", "cik": "0000724910", "assigned-sic": "3674", "irs-number": "411424202", "state-of-incorporation": "MN", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12196", "film-number": "051145262"}, "business-address": {"street1": "11409 VALLEY VIEW ROAD", "city": "EDEN PRAIRIE", "state": "MN", "zip": "55344", "phone": "9528299217"}, "mail-address": {"street1": "11409 VALLEY VIEW ROAD", "city": "EDEN PRAIRIE", "state": "MN", "zip": "55344"}, "former-company": {"former-conformed-name": "PREMIS CORP", "date-changed": "19920703"}}
text: 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 17, 2005
                                                    ----------------
  
                                   NVE Corporation
                                   ---------------
               (Exact name of registrant as specified in its charter)
  
           Minnesota                     000-12196                 41-1424202
  -------------------------------------------------------------------------------
  (State or other jurisdiction          (Commission             (IRS Employer
        of incorporation)               File Number)          Identification No.)
  
  11409 Valley View Road, Eden Prairie, Minnesota                        55344
  -------------------------------------------------------------------------------
      (Address of principal executive offices)                         (Zip Code)
  
  Issuer's telephone number, including area code  (952) 829-9217
                                                  --------------
  
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)
  
                                   ---------------
  
       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
  
       On October 17, 2005, our Board of Directors voted to terminate the NVE
  Corporation 2001 Employee Stock Purchase Plan effective January 1, 2006. The
  plan was approved by our shareholders in 2001 and allowed us to issue up to
  200,000 shares of common stock. Since the plan was implemented, we issued
  7,009; 12,566; 8,917; and 2,839 shares of common stock under the plan for
  fiscal years 2005, 2004, 2003, and 2002, respectively. The termination was in
  anticipation of the impact of Financial Accounting Standards Board Statement of
  Financial Accounting Standards ("SFAS") No. 123(R), which we believe would have
  required recognizing expenses associated with the issuance of shares under the
  Plan. Public entities that do not file as small business issuers will be
  required to apply SFAS No. 123(R) as of the first annual reporting period
  beginning after June 15, 2005. The termination of the Plan will not affect
  participants' options to purchase shares under the Plan on December 31, 2005.
  
                                         -2-
  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
                                            -------------------
                                            By: Daniel A. Baker
                                            President and Chief Executive Officer
  
                                         -3-