{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-004350","form_type":"8-K","ticker":"COHU","cik":"0000021535","company_name":"COHU INC","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.492377+00:00","generated_at":"2026-06-06T01:34:09.400920+00:00","sec_items":["1.02","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cohu Q4 2023 revenue $137M, GAAP loss $0.04/shr; pays off $29.4M Term Loan B; Q1 guide $107M","bullets":["Paid off remaining $29.4M Term Loan B on Feb 9, 2024, terminating the $350M Credit Agreement.","Q4 2023 revenue $137.2M (down 28% YoY from $191.1M); GAAP net loss $2.0M ($0.04 loss per share).","Non-GAAP Q4 net income $11.1M ($0.23 per share) down from $33.5M ($0.70) in Q4 2022.","Full year 2023 revenue $636.3M (down 22% YoY); GAAP net income $28.2M ($0.59 per share) vs $96.8M in 2022.","Q1 2024 sales guidance $107M +/- $6M, significantly below Q4; launched AI software and new Philippines factory."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-004350","json":"https://secwatch.observer/filing/0001437749-24-004350.json","markdown":"https://secwatch.observer/filing/0001437749-24-004350.md","text":"https://secwatch.observer/filing/0001437749-24-004350.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/cohu20240213_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:34:09.400920+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c2ab5c56889530d9952ab03562cda0ea651d398","claim":"COHU INC reported full year 2023 results: revenue $636.3 million, net income $28.2 million, EPS $0.59 per share.","evidence_excerpt":"Net sales for full year 2023 were $636.3 million with GAAP income of $28.2 million or $0.59 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$636.3 million"},{"label":"Net income","value":"$28.2 million"},{"label":"EPS","value":"$0.59 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4b510717b215c262bed5fee405cdf838905c7e2b","claim":"COHU INC reported Q4 FY 2023 results: revenue $137.2 million, net income $2.0 million, EPS $0.04 per share.","evidence_excerpt":"Cohu, Inc. (NASDAQ: COHU), a global leader in semiconductor equipment and services, today reported fiscal 2023 fourth quarter net sales of $137.2 million and GAAP loss of $2.0 million or $0.04 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 FY 2023"},{"label":"Revenue","value":"$137.2 million"},{"label":"Net income","value":"$2.0 million"},{"label":"EPS","value":"$0.04 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c3bf9134a61ded1c491a5dce08d61fb9fbb69ae4","claim":"COHU INC reported financial results for fourth quarter and year ended December 30, 2023.","evidence_excerpt":"On February 15, 2024, the Company issued a press release regarding its financial results for the fourth quarter and year ended December 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d6554d361623cb39810ecd8cafa224f02f424713","claim":"COHU INC terminated Credit and Guaranty Agreement with Deutsche Bank AG New York Branch valued at $29.4 million (effective 2024-02-09).","evidence_excerpt":"As previously disclosed, on October 1, 2018, Cohu, Inc. (collectively, the “Company”) entered into a Credit and Guaranty Agreement, as amended, by and among Cohu, Inc., Certain Subsidiaries of Cohu, Inc. (the “Borrowers”) and the lenders (“Lenders”) and Deutsche Bank AG New York Branch, as administrative agent and collateral agent (“DBNY”), (the “Credit Agreement”) for an aggregate principal amount of up to $350.0 million secured term loan facility (“Term Loan Credit Facility”) subject to certain terms and conditions. The maturity date under the Credit Agreement was October 1, 2025. On February 9, 2024, Cohu entered into a payoff letter for a voluntary prepayment of the Term Loan Credit Facility (the “Payoff Letter”). Pursuant to the Payoff Letter, the Company paid a total of $29.4 million to Duetsche Bank, representing the outstanding principal, interest, fees, breakage costs and other amounts owing to the Lenders and thereby terminated the Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Deutsche Bank AG New York Branch"},{"label":"Value","value":"$29.4 million"},{"label":"Effective","value":"2024-02-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}