AEHR Test Systems Files 2024 Proxy Statement
Ticker: AEHR · Form: DEF 14A · Filed: Sep 11, 2024 · CIK: 1040470
| Field | Detail |
|---|---|
| Company | Aehr Test Systems (AEHR) |
| Form Type | DEF 14A |
| Filed Date | Sep 11, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $400 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, annual-meeting
Related Tickers: AEHR
TL;DR
AEHR proxy statement filed. Vote your shares!
AI Summary
AEHR Test Systems filed a DEF 14A proxy statement on September 11, 2024, for its annual meeting. The filing details the company's governance and executive compensation structure, providing shareholders with information to vote on matters presented at the meeting. Key proposals likely include the election of directors and ratification of the independent auditor.
Why It Matters
This filing provides shareholders with crucial information regarding company governance and voting matters, impacting their ability to influence the company's direction and executive compensation.
Risk Assessment
Risk Level: low — A DEF 14A filing is a routine disclosure and does not inherently present new risks.
Key Players & Entities
- AEHR TEST SYSTEMS (company) — Registrant
- 0001654954-24-011751 (filing_id) — Accession Number
- 20240911 (date) — Filing Date
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is filed by a company to provide shareholders with information they need to vote on matters at an annual or special meeting, such as the election of directors and executive compensation.
When was this DEF 14A filing submitted by AEHR Test Systems?
This DEF 14A filing was submitted on September 11, 2024.
What is the company's address as listed in the filing?
The company's business and mailing address is 400 Kato Terrace, Fremont, CA 94539.
What is AEHR Test Systems' Standard Industrial Classification (SIC) code?
AEHR Test Systems' SIC code is 3825, which corresponds to Instruments for Meas & Testing of Electricity & Elec Signals.
What is the fiscal year end for AEHR Test Systems?
AEHR Test Systems' fiscal year ends on December 31.
Filing Stats: 4,720 words · 19 min read · ~16 pages · Grade level 12.1 · Accepted 2024-09-11 16:16:24
Key Financial Figures
- $400 million — e had complete P&L responsibility for a $400 million annual revenue photonics business. Prio
Filing Documents
- aehr_def14a.htm (DEF 14A) — 386KB
- aehr_def14aimg1.jpg (GRAPHIC) — 5KB
- aehr_def14aimg21.jpg (GRAPHIC) — 3KB
- aehr_def14aimg22.jpg (GRAPHIC) — 3KB
- aehr_def14aimg23.jpg (GRAPHIC) — 34KB
- aehr_def14aimg24.jpg (GRAPHIC) — 34KB
- 0001654954-24-011751.txt ( ) — 496KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 20 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 32
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 32 REPORT OF AUDIT COMMITTEE 33 COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934 34
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS 34 OTHER MATTERS 34 4 Table of Contents AEHR TEST SYSTEMS 400 Kato Terrace Fremont, California 94539 _______________ PROXY STATEMENT _______________ 2024 ANNUAL MEETING OF SHAREHOLDERS This Proxy Statement is being furnished to the shareholders of Aehr Test Systems, a California corporation ("Aehr" or the "Company"), in connection with the solicitation of proxies by the Board of Directors (the "Board"), for use at the Annual Meeting of Shareholders of the Company (the "Annual Meeting"), to be held on Monday, October 21, 2024 at 4:00 p.m. local time, and at any postponements, adjournments or other delays thereof. We refer to this annual meeting, as it may be postponed, adjourned or delayed, as the Annual Meeting. At the Annual Meeting, the shareholders will be asked: 1. To elect six directors of the Company to hold office until the next annual meeting or the election of their successors. 2. To ratify the selection of BPM LLP as the Company's independent registered public accounting firm for the fiscal year ending May 30, 2025. 3. To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers. 4. To transact such other business as may properly come before the Annual Meeting or any postponements or adjournments thereof. The Board has fixed the close of business on August 29, 2024 as the record date for the determination of the holders of Common Stock entitled to notice of and to vote at the Annual Meeting (the "Record Date"). Each such shareholder will be entitled to one vote for each share of Common Stock, or Common Share, held on all matters to come before the Annual Meeting and may vote in person or by proxy authorized in writing. THE ANNUAL MEETING Date, Time and Place The Annual Meeting will be held on October 21, 2024 at 4:00 p.m., local time, at 400 Kato Terrace, Fremont, California 94539. General The Company's principal office is located at 400 Kato Te