Company: AEHR
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001654954-25-010620
Chunk: 5

Company: AEHR TEST SYSTEMS
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 5
---
 proxy, the proxy holders will vote the shares as recommended by the Board.

In their discretion, the proxy holders are authorized to vote the proxies in their discretion on any other matters that may properly come before the Annual Meeting and any continuation, postponement, or adjournment thereof. The Board knows of no other items of business that will be presented for consideration at the Annual Meeting other than those described in this proxy statement.

Voting Requirements to Approve Proposals

A plurality of the votes cast is required for Proposal 1, the election of the directors, which means that the six nominees for director receiving the highest number of affirmative “FOR” votes will be elected as directors. Brokers are not authorized to vote on the election of directors without instruction from the beneficial owner. You have the option to vote “FOR” or “WITHHOLD” your vote on each nominee. “WITHHOLD” votes and broker non-votes will have no effect on this Proposal 1.

The affirmative “FOR” vote of a majority of the shares of our common stock which are present or represented by proxy and entitled to vote on the proposal is required to (i) approve an amendment to the Company's 2023 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance by an additional 2,500,000 shares of common stock in Proposal 2, (ii) approve an amendment to the Company's Amended and Restated 2006 Employee Stock Purchase Plan to increase the number of shares reserved for issuance by an additional 300,000 shares of common stock in Proposal 3, (iii) ratify the appointment of BPM LLP as our independent registered public accounting firm in Proposal 4, (iv) approve, on an advisory and nonbinding basis, our executive compensation in Proposal 5, and (v) approve, on an advisory and nonbinding basis, the frequency of future advisory (non-binding) votes on the compensation of the Company’s named executive officers in Proposal 6. With respect to Proposal 6, if none of the frequency alternatives (one year, two years, or three years) receive a majority vote, we will consider the frequency that receives the highest number of votes by shareholders to be the frequency that has been selected by our shareholders.

If a shareholder abstains from voting on any of Proposal 2, 3, 5, or 6, that abstention will have the same effect as if the shareholder voted “AGAINST” the proposal. Brokers are not authorized to