Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 194

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1A
Chunk 194
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.95%. The Company’s operating lease cost was $1.6 million, $1.2 million, and $0.9 million for the years ended May 30, 2025, May 31, 2024, and May 31, 2023. The following table presents supplemental cash flow information related to the Company’s operating leases:    May 30,  May 31,  May 31, (In thousands) 2025  2024  2023           Operating cash flows paid for operating leases $1,239  $916  $835 Right of use assets obtained in exchange for operating leases liabilities  $4,619  $318  $5,855  The following table presents the maturities of the Company’s operating lease liabilities as of May 30, 2025: (In thousands)   Fiscal year Operating Leases 2026 $1,635 2027  1,350 2028  1,316 2029  1,361 2030  1,341 Thereafter  8,327 Total future minimum operating lease payments  15,330 Less: imputed interest  (4,500)Present value of operating lease liabilities $10,830 

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8. RETIREMENT PLAN The Company maintains a defined contribution savings plan named AEHR Test Systems 401(k) Savings & Retirement Plan (the “401(k) Plan”) to provide retirement savings to all qualified employees of the Company. The 401(k) Plan is intended to be qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. The 401(k) Plan is funded by voluntary pre-tax contributions from employees. Contributions are invested, as directed by the participant, in investment funds available under the 401(k) Plan.  Effective July 1, 2024, the Company implemented a discretionary matching contribution under its 401(k) Plan. All matching contributions are 100% vested immediately. The Company’s matching contributions to the 401(k) Plan totaled $0.3 million during fiscal 2025. No matching contributions were made during fiscal years 2024 and 2023.

9. COMMITMENTS AND CONTINGENCIES Commitment  Purchase obligations consist of non-cancelable significant contractual obligations. As of May 30,