Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 21, 2022, Michael A Brannan, the Vice President of Operations of Aehr
Test Systems (the "Company"), voluntarily terminated his employment with the
Company. The Company appointed David Fucci as Interim Vice President of
Operations of the Company effective upon Mr. Brannan's termination.
Mr. Fucci, age 72, originally joined the Company as Vice President of Operations
in June 2014, and retired from the Company in June 2020.
Mr. Fucci does not have a family relationship with any member of the Board or
any executive officer of the Company, and Mr. Fucci has not been a participant
or had an interest in any transaction with the Company that is reportable under
Item 404(a) of Regulation S-K.
Compensatory Arrangement with David Fucci
In connection with the appointment of Mr. Fucci to his position as the Company's
Interim Vice President of Operations, Mr. Fucci will receive, among other
things, a salary of $ $6,250 per week and will be eligible to receive a bonus
based upon achieving quarterly revenue targets.
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