Company: COHU
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010672
Chunk: 33

Company: COHU INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 33
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 necessary or appropriate.

On February 6, 2024, the Compensation Committee, based on the recommendations of our CEO, except with respect to his own compensation, and a review of market salary data as well as other factors described above including the extended downcycle of the semiconductor industry, determined that no increases were warranted for our executive officers including our NEOs.

| Named Executive Officer |     |        2023 
 Base Salary |     |        2024 
 Base Salary |     | Percentage 
 Change     |
| Luis A. Müller          |     |    $715,000 |     |    $715,000 |     | 0.0%       |
| Jeffrey D. Jones        |     |    $455,000 |     |    $455,000 |     | 0.0%       |
| Christopher G. Bohrson  |     |    $425,000 |     |    $425,000 |     | 0.0%       |
| Thomas D. Kampfer (1)   |     |    $405,000 |     |    $405,000 |     | 0.0%       |

| (1) Effective July 15, 2024, Mr. Kampfer’s 2024 base salary was changed to $243,000 reflecting his transition to part-time status. |

On February 6, 2025, the Compensation Committee, based on the recommendations of Dr. Müller, except with respect to his own base salary, and an analysis of competitive market salary data prepared by its compensation consultant as well as other business condition factors described above including the continuing softness in the semiconductor industry, determined that there would be no change to the base salaries for our executive officers, including our NEOs in 2025.

The annual base salaries paid to our NEOs for 2024 are set forth in the “2024 Summary Compensation Table” below.

Short-Term Incentive Plan

Each year the Compensation Committee approves an annual short-term incentive plan for our executive officers, including our NEOs, to encourage and award their achievement of our financial and operational objectives as set forth in our annual operating plan. Under this short-term incentive plan, the Compensation Committee establishes an incentive formula that is applied to the actual level of achievement for each of the pre-selected performance measures. The incentive formula is based on the anticipated difficulty and relative importance of achieving the target level for each respective performance measure. Accordingly, the actual incentives paid, if any, for any given year