Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 17

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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5, respectively. The Company’s nonvested RSU, PRSU and restricted shares activities during the three months ended August 29, 2025 were as follows:       Weighted      Average Grant     Date Fair   Shares  Value   (in thousands)  Per Share Unvested, May 30, 2025  664  $16.89 Granted (1)  529   15.13 Vested  (61)  14.81 Forfeited  (4)  17.54 Unvested, August 29, 2025  1,128  $16.18  (1) Includes 241,000 performance-based awards, of which approximately 70,000 performance-based awards have target achievement goals whereby the grantee can earn up to 200% of the original award (up to 141,000 shares) if the maximum target goals are met. The remaining awards are earned at 100% if the target goals are achieved

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 There were no options granted during the three months ended August 29, 2025 and August 30, 2024. There were no ESPP purchase rights granted during the three months ended August 29, 2025 and August 30, 2024.

10. RESTRUCTURING CHARGES During the three months ended May 30, 2025, the Company initiated a restructuring plan to consolidate facilities and optimize cost structure in order to more effectively support the Company’s long-term strategic objectives. Restructuring charges relate to impairment of long-lived assets that will no longer be used in operations, including right-of-use assets and facility-related property, contract termination costs and facility exit-related costs. There were no additional charges incurred related to this plan during the three months ended August 29, 2025. The related restructuring liability, primarily related to contract termination costs, remained at $0.2 million as of August 29, 2025 and is included as a component of accrued expenses and other current liabilities. Separately, the Company implemented a workforce reduction to align resources with its business needs in the three months ended August 29, 2025. The Company recorded $0.2 million of restructuring charges in the Condensed Consolidated Statements of Operations during the three months ended August 29, 2025, primarily related to employee termination benefits. No