Cohu Appoints New CFO, Grants Stock Options
Ticker: COHU · Form: 8-K · Filed: Jun 28, 2024 · CIK: 21535
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
New CFO incoming July 15th, gets $425k salary + 150k stock options.
AI Summary
On June 25, 2024, Cohu, Inc. announced the appointment of Jeffrey T. Jones as its new Chief Financial Officer, effective July 15, 2024. Jones will receive an annual base salary of $425,000 and will be eligible for an annual cash incentive award. He will also receive a stock option grant of 150,000 shares of Cohu common stock.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $425,000 — CFO Annual Salary (Base compensation for new Chief Financial Officer Jeffrey T. Jones.)
- 150,000 — CFO Stock Options (Grant of Cohu common stock options to new Chief Financial Officer Jeffrey T. Jones.)
Key Players & Entities
- Cohu, Inc. (company) — Registrant
- Jeffrey T. Jones (person) — Appointed Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Stock option grant for new CFO
- July 15, 2024 (date) — Effective date for new CFO
- June 25, 2024 (date) — Date of report
FAQ
What is the effective date of Jeffrey T. Jones's appointment as CFO?
Jeffrey T. Jones's appointment as Chief Financial Officer is effective July 15, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Jeffrey T. Jones is $425,000.
What equity compensation is the new CFO receiving?
Jeffrey T. Jones will receive a stock option grant of 150,000 shares of Cohu common stock.
Is the new CFO eligible for incentive compensation?
Yes, Jeffrey T. Jones will be eligible for an annual cash incentive award.
What other items are covered in this 8-K filing?
This 8-K filing also covers the election of directors and compensatory arrangements of certain officers, in addition to the CFO appointment.
Filing Stats: 586 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-06-28 16:17:21
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value COHU The NASDAQ Stock Mar
- $405,000 — educed by 40% from the present level of $405,000 to $243,000. His annual participation u
- $243,000 — % from the present level of $405,000 to $243,000. His annual participation under the Com
Filing Documents
- cohu20240627_8k.htm (8-K) — 26KB
- 0001437749-24-021574.txt ( ) — 155KB
- cohu-20240625.xsd (EX-101.SCH) — 3KB
- cohu-20240625_def.xml (EX-101.DEF) — 11KB
- cohu-20240625_lab.xml (EX-101.LAB) — 15KB
- cohu-20240625_pre.xml (EX-101.PRE) — 11KB
- cohu20240627_8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Cohu, Inc. June 28, 2024 By: /s/ Jeffrey D. Jones Name: Jeffrey D. Jones Title: Senior VP Finance and Chief Financial Officer