NVE CEO Daniel Baker's 2024 pay falls 45% to $578K
NVE reports 2024 executive compensation
By ExecPay News
Published: June 17, 2024
NVE reported fiscal year 2024 executive compensation information on June 17, 2024.
In 2024, four NVE executives received on average a compensation package of $251K, a 37% decrease compared to previous year.
Average pay of disclosed executives at NVE
Daniel A. Baker, Chief Executive Officer, received $578K in total, which decreased by 45% compared to 2023. 73% of Baker's compensation, or $420K, was in salary. Baker also received $93K in non-equity incentive plan, $50K in option awards, as well as $15K in other compensation.
Peter G. Eames, Vice President, Advanced Technology, received a compensation package of $295K, which increased by 2% compared to previous year. 77% of the compensation package, or $228K, was in salary.
Daniel Nelson, Principal Financial Officer, earned $95K in 2024, a 162% increase compared to previous year.
Joseph R. Schmitz, Chief Financial Officer, received $37K in 2024, which decreases by 82% compared to 2023.
NVE's fiscal year ends on March 31.
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Source: SEC filing on June 17, 2024.