secwatch.observer — SEC 8-K summary
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Issuer:     AEHR TEST SYSTEMS (AEHR)
CIK:        0001040470
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001654954-24-011548
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aehr Test Systems enters new severance agreements with CEO, CFO, and other executives
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- CEO Gayn Erickson: 24 months salary, 200% target bonus, full equity acceleration on change-in-control termination.
- CFO Chris P. Siu: 18 months salary, 150% target bonus; other execs: 12 months salary, 100% target bonus.
- Outside change in control: CEO 12 months, CFO 9 months, other execs 6 months salary, with prorated bonus and partial equity vesting.
- Death or disability triggers non-CIC severance with healthcare continuation; disability includes ArmadaCare benefit.
- Agreements effective August 31, 2024, superseding prior severance agreements for all named officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040470/000165495424011548/0001654954-24-011548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040470/000165495424011548/aehr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-011548

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