0001040470-12-000026.txt : 20120417
0001040470-12-000026.hdr.sgml : 20120417
20120417171359
ACCESSION NUMBER: 0001040470-12-000026
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20120417
ITEM INFORMATION: Other Events
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20120417
DATE AS OF CHANGE: 20120417
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AEHR TEST SYSTEMS
CENTRAL INDEX KEY: 0001040470
STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
IRS NUMBER: 942424084
STATE OF INCORPORATION: CA
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22893
FILM NUMBER: 12764367
BUSINESS ADDRESS:
STREET 1: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
BUSINESS PHONE: 5106239400
MAIL ADDRESS:
STREET 1: 400 KATO TERRACE
CITY: FREMONT
STATE: CA
ZIP: 94539
8-K
1
e8k041712.txt
FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): April 17, 2012
Aehr Test Systems
(Exact name of Registrant as specified in its charter)
California 000-22893 94-2424084
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
400 Kato Terrace
Fremont, California 94539
(Address of principal executive offices, including zip code)
510-623-9400
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. OTHER EVENTS.
On April 17, 2012, the Nasdaq Stock Market ("NASDAQ") notified Aehr
Test Systems (the "Company"), that the Company had regained compliance with
the $1.00 minimum bid price requirement, as required by Listing Rule
5550(a)(2)(the "Minimum Bid Price Rule").
On November 2, 2011, the Company received a letter from the NASDAQ
Listing Qualifications Department indicating that the Company had failed to
maintain a minimum bid price of $1.00 over the previous 30 consecutive business
days, as required by the Minimum Bid Price Rule. As of April 16, 2012, the
Company's Common Stock had been at $1.00 per share or greater for at least ten
consecutive business days, which brings the Company back into compliance with
the Minimum Bid Price Rule. Accordingly, NASDAQ has informed the Company that
it has regained compliance with the Minimum Bid Price Rule.
A copy of the press release issued by the Company with respect to this
matter is attached hereto as Exhibit 99.1 of this Current Report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
----------- -----------
99.1 Press Release of Aehr Test Systems dated
April 17, 2012 entitled "Aehr Test Systems
Regains Compliance with Nasdaq Minimum
Bid Price Rule."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Aehr Test Systems
(Registrant)
Date: April 17, 2012
By: /S/ GARY L. LARSON
-------------------------
Gary L. Larson
Vice President of Finance and
Chief Financial Officer
EX-99.1
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e8k-ex99041712.txt
EXHIBIT 99.1
Exhibit 99.1
[LOGO]AEHR TEST SYSTEMS
FOR IMMEDIATE RELEASE
Contact:
Marilynn Meek
Financial Relations Board
Analyst/Investor Contact
(212) 827-3773
AEHR TEST SYSTEMS REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID
PRICE RULE
Fremont, CA (April 17, 2012) - Aehr Test Systems (Nasdaq: AEHR), a worldwide
supplier of semiconductor test and burn-in equipment, today announced that
it has received a letter dated April 17, 2012 from the Nasdaq Stock Market
("Nasdaq"), confirming that the Company has regained compliance with the
$1.00 minimum closing bid price requirement for continued listing on The
Nasdaq Capital Market under Listing Rule 5550(a)(2) (the "Minimum Bid Price
Rule"). Pursuant to Nasdaq's rules, the Company was required to achieve a
closing bid price of at least $1.00 per share for 10 consecutive trading days.
The Company completed the requirement on April 16, 2012, and the Company
believes it currently meets all requirements for continued listing on the
Nasdaq Capital Market. The Company's shares continue to be listed on the
Nasdaq Capital Market and its ticker symbol of "AEHR" remains unchanged.
About Aehr Test Systems
Headquartered in Fremont, California, Aehr Test Systems is a worldwide
provider of systems for burning-in and testing DRAMs, flash and other memory
and logic integrated circuits and has an installed base of more than 2,500
systems worldwide. Aehr Test has developed and introduced several innovative
products, including the ABTSTM, FOXTM and MAX systems and the DiePak(R)
carrier. The ABTS system is Aehr Test's newest system for packaged part test
during burn-in for both low-power and high-power logic as well as all common
types of memory devices. The FOX system is a full wafer contact test and
burn-in system. The MAX system can effectively burn-in and functionally test
complex devices, such as digital signal processors, microprocessors,
microcontrollers and systems-on-a-chip. The DiePak carrier is a reusable,
temporary package that enables IC manufacturers to perform cost-effective
final test and burn-in of bare die. For more information, please visit the
Company's website at www.aehr.com.
Safe Harbor Statement
This release contains forward-looking statements that involve risks and
uncertainties relating to projections regarding revenues, net sales and
customer demand and acceptance of Aehr Test's products. Actual results may
vary from projected results. These risks and uncertainties include
-more-
Aehr Test Systems Regains Compliance with Nasdaq Minimum Bid Price Rule
Page 2 of 2
without limitation, world economic conditions, the state of the
semiconductor equipment market, the Company's ability to maintain sufficient
cash to support operations, acceptance by customers of Aehr Test's
technologies, acceptance by customers of the systems shipped upon receipt
of a purchase order, the ability of new products to meet customer needs or
perform as described and the Company's ability to successfully market a
wafer-level test and burn-in system. See Aehr Test's recent 10-K, 10-Q and
other reports from time to time filed with the U.S. Securities and Exchange
Commission for a more detailed description of the risks facing our business.
The Company disclaims any obligation to update information contained in any
forward-looking statement to reflect events or circumstances occurring after
the date of this press release.
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