secwatch.observer — SEC 8-K summary
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Issuer:     AEHR TEST SYSTEMS (AEHR)
CIK:        0001040470
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001654954-23-009282
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040470/000165495423009282/0001654954-23-009282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040470/000165495423009282/aehr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-009282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer