Company: COHU
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010672
Chunk: 41

Company: COHU INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 41
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   (Target Number 
       of Shares) | 2022-24 TSR 
 Result (1)  | Final Shares 
       Earned | Final Shares     
 Earned as a      
 Percentage of    
 Target Number of 
 Shares (2)       |
| Luis A. Müller          |           54,844 | (29.9)%     |       22,102 | 40.3%            |
| Jeffrey D. Jones        |           17,733 | (29.9)%     |        7,146 | 40.3%            |
| Christopher G. Bohrson  |           11,700 | (29.9)%     |        4,715 | 40.3%            |
| Thomas D. Kampfer       |            8,683 | (29.9)%     |        3,499 | 40.3%            |

| (1) COHU TSR compared to RUT TSR where RUT = +6.3%, COHU = -23.5% |
| (2) 100% + 2 times (RUT - COHU) TSR: 100% - (2 X -29.9%) = 40.3%  |

Deferred Compensation Benefits and Section 401(k) Plan

We maintain a nonqualified deferred compensation plan, the Cohu, Inc. Deferred Compensation Plan (the “Deferred Compensation Plan”), for our U.S. based executive officers and other employees designated by the Compensation Committee. Under the Deferred Compensation Plan, participants may elect to voluntarily defer receipt of up to 25% of their base salary and/or up to 100% of their annual cash incentive payment, thereby allowing them to defer taxation on such amounts.

Although we have not matched any participant contributions to the Deferred Compensation Plan since 2008, we may in the future match participant contributions to the Deferred Compensation Plan up to 4% of the participant’s annual base salary in excess of the specified annual compensation limit allowed under the Internal Revenue Code for contributions under the Section 401(k) plan. The annual limit, which is indexed, was $345,000 for 2024. Our matching contributions and any deemed investment earnings attributable to these contributions, if any are actually made, will be 100% vested when the participant has two years of service with us. Prior to that time, such amounts are unvested. Participant contributions and deemed investment earnings are 100% vested at all times. For additional information on the Deferred Compensation