secwatch.observer — SEC 8-K summary
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Issuer:     AEHR TEST SYSTEMS (AEHR)
CIK:        0001040470
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001654954-23-007424
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aehr Test Systems appoints Chris Siu as CFO effective June 1, 2023; Ken Spink retiring
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- Chris Siu becomes EVP of Finance, CFO, and Secretary, effective June 1, 2023.
- Annual base salary of $336,000; target cash bonus of 75% of base; initial equity grant of $600,000 vesting over four years.
- Siu brings 27+ years of semiconductor and public accounting experience, previously SVP Finance at Ultra Clean Technologies.
- Ken Spink will remain through August 31, 2023, to assist transition after 15 years with the company.
- New CFO also receives change-of-control severance: 12 months base pay, prorated bonuses, full equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040470/000165495423007424/0001654954-23-007424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040470/000165495423007424/aehr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-007424

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