Company: COHU
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010672
Chunk: 48

Company: COHU INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 48
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 the market price of our common stock on the date of grant, reduced by the present value of dividends expected to be paid on our common stock prior to vesting of the restricted stock unit. The estimated fair value of performance stock unit awards (PSUs) is determined on the grant date using the Monte Carlo simulation valuation model. The Monte Carlo simulation model incorporates assumptions for the risk-free interest rate, Cohu and the selected peer group stock price volatility, the correlation between Cohu and the selected index, and dividend yields. ASC Topic 718 also requires us to recognize the compensation cost of our share-based payment awards in our income statement over the period that an employee, including our executive officers, is required to render service in exchange for the award (which, generally, will correspond to the award’s vesting schedule). We record a provision for equity-based performance units outstanding based on our current assessment of achievement of the performance goals and recognize actual forfeitures as they occur.

Compensation Committee Report

The Committee has reviewed and discussed with management the Compensation Discussion and Analysis for 2024. Based on such review and discussions, the Committee recommended to the Board, and the Board has approved, that the Compensation Discussion and Analysis be included in Cohu’s proxy statement for its 2025 Annual Meeting of Stockholders.

This report is submitted by the Compensation Committee.

<div align='center'>Steven J. Bilodeau (Chair) Andreas W. Mattes Nina L. Richardson

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2024 Summary Compensation Table

The following table shows compensation information for fiscal year 2024 for our NEOs.

| Named Executive Officer               | Year |     |  Salary 
     ($) |     |     Stock 
    Awards 
  ($)  (1) |     | Non-Equity 
  Incentive 
 Plan Comp. 
    ($) (2) |     | All Other 
     Comp. 
   ($) (3) |     |     Total 
       ($) |
| Luis A. Müller                        | 2024 |     | 715,000 |     | 4,091,920 |     |          - |     |    24,164 |     | 4,831,084 |
| President &                           | 2023 |     | 708,846 |     | 5,051,219 |     |    752,378 |     |    24,164 |     | 6,536,607 |
| Chief Executive Officer               | 2022 |     | 667,307