Company: AEHR
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001654954-25-010620
Chunk: 1

Company: AEHR TEST SYSTEMS
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 1
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     |  7 |
| DIRECTOR COMPENSATION                                                                                                                          |     | 10 |
| PROPOSAL 2: APPROVAL OF AN AMENDMENT TO THE COMPANY’S 2023 EQUITY INCENTIVE PLAN                                                               |     | 16 |
| PROPOSAL 3: APPROVAL OF AN AMENDMENT TO THE COMPANY’S AMENDED AND RESTATED 2006 EMPLOYEE STOCK PURCHASE PLAN                                   |     | 24 |
| PROPOSAL 4: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                                                       |     | 30 |
| PROPOSAL 5: APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS                                      |     | 31 |
| PROPOSAL 6: ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY (NON-BINDING) VOTES ON THE COMPENSATON OF THE COMPANY’S NAMED EXECUTIVE OFFICERS |     | 32 |
| EXECUTIVE OFFICERS                                                                                                                             |     | 33 |
| EXECUTIVE COMPENSATION                                                                                                                         |     | 35 |
| CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                                                                                                 |     | 48 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                                                                                 |     | 48 |
| REPORT OF AUDIT COMMITTEE                                                                                                                      |     | 50 |
| COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                           |     | 51 |
| FINANCIAL STATEMENTS                                                                                                                           |     | 51 |
| OTHER MATTERS                                                                                                                                  |     | 51 |

<div align='center'>AEHR TEST SYSTEMS

400 Kato Terrace

Fremont, California 94539

______________________

PROXY STATEMENT

______________________

2025 ANNUAL MEETING OF SHAREHOLDERS</div>

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 2025 Annual Meeting of Shareholders of the Company (the “Annual Meeting”), to be held on Monday, October 20, 2025 at 4:00 p.m. local time, and at any postponements, adjourn