Aehr Test Systems sets FY2024 executive comp; CTO Hendrickson retired May 31

AEHR TEST SYSTEMS

CEO Erickson base salary $456k; annual equity award 25,239 RSUs plus performance shares up to 45,078 total.
EVP Rogers base salary $283,500; annual equity award 6,200 RSUs plus performance shares up to 13,408 total.
CTO Hendrickson retired as officer effective May 31, 2023; no replacement named.
Board eliminated per-meeting fees; Chairman gets $87.5k cash + $160k RSUs; other chairs $72.5k cash + $140k RSUs.
CEO eligible for target cash bonus up to 106.4% of base tied to profitability, bookings, new customers, ESG.

item 5.02

Executive movements

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Departed

David S. Hendrickson

Chief Technology Officer

AEHR · AEHR TEST SYSTEMS

Effective: 2023-05-31
Filed: July 17, 2023, 7:59 PM ET

Mr. David S. Hendrickson retired as an officer of the Company on May 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David S. Hendrickson retired as Chief Technology Officer at AEHR TEST SYSTEMS.

Action: retired
Role: Chief Technology Officer

Exact text from the filing

Mr. David S. Hendrickson retired as an officer of the Company on May 31, 2023.

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AEHR TEST SYSTEMS filing history →

Source: SEC EDGAR

accession 0001654954-23-009282

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