NVE Corporation SEC Filing Alert

NVE Files 8-K Disclosing Amendment to Sonova Supply Agreement

Filing Date
     February 18, 2020

Filing Form
     Amended Current Report on Form 8-K/A

General Information
     Sonova AG (formerly known as Phonak AG) develops, manufactures, and sells hearing systems using our magnetic sensors under a Supply Agreement executed May 1, 2009, previously amended January 12, 2011, and further amended November 13, 2015 (the “2015 Supply Agreement”).

Description of the Terms and Conditions of the Amendment
     Effective February 18, 2020 we executed a First Amendment to the 2015 Supply Agreement, which extends the 2015 Supply Agreement term through March 31, 2025 and amends pricing provisions.

     The foregoing descriptions of the agreements and amendments do not purport to be complete and are qualified in their entirety by reference to the full text of the First Amendment filed as Exhibit 10.4 and the other documents incorporated by reference to the Current Report Amendment Number 4 to Form 8-K/A and incorporated by reference into Item 1.01.