0001040470-13-000030.txt : 20130405
0001040470-13-000030.hdr.sgml : 20130405
20130404175253
ACCESSION NUMBER: 0001040470-13-000030
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20130404
ITEM INFORMATION: Other Events
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20130405
DATE AS OF CHANGE: 20130404
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: 13743970
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
e8k040413.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 4, 2013
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 4, 2013, the NASDAQ Listing Qualifications department
("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").
As previously disclosed, on December 26, 2012, the Company received
a letter from NASDAQ indicating that the Company had failed to comply with the
Minimum Bid Price Rule. As of April 3, 2013, the Company's Common Stock had
closed with a bid price of $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 4, 2013 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 4, 2013
By: /S/ GARY L. LARSON
-------------------------
Gary L. Larson
Vice President of Finance and
Chief Financial Officer
EX-99.1
2
e8k-ex99040413.txt
EXHIBIT 99.1
Exhibit 99.1
[LOGO]AEHR TEST SYSTEMS
FOR IMMEDIATE RELEASE
Contact:
Gary Larson
Chief Financial Officer
(510) 623-9400 x321
AEHR TEST SYSTEMS REGAINS COMPLIANCE WITH
NASDAQ MINIMUM BID PRICE RULE
Fremont, CA (April 4, 2013) - Aehr Test Systems (Nasdaq: AEHR), a worldwide
supplier of semiconductor test and burn-in equipment, today announced that
it has received notification from the NASDAQ Stock Market LLC ("NASDAQ") that
the Company has regained compliance with the $1.00 minimum closing bid price
requirement for continued listing on the NASDAQ Capital Market.
As previously announced, NASDAQ notified the Company on December 26, 2012
that the bid price of the Company's common stock had closed below the minimum
$1.00 per share requirement over the previous 30 consecutive business days
and, as a result, the Company was not in compliance with Listing Rule
5550(a)(2). The Company was provided 180 calendar days in which to gain
compliance. In a letter dated April 4, 2013, NASDAQ informed Aehr Test that
it had determined for the last 10 consecutive business days, from March 20,
2013 to April 3, 2013, the closing bid price of the Company's common stock
has been $1.00 or greater. Accordingly the Company has regained compliance
with NASDAQ Listing Rules 5550(a)(2) and this matter is now closed.
About Aehr Test Systems
Headquartered in Fremont, California, Aehr Test Systems is a worldwide
provider of test systems for burning-in and testing logic and memory
integrated circuits and has an installed base of more than 2,500 systems
worldwide. Increased quality and reliability needs of the Automotive and
Mobility integrated circuit markets are driving additional test
requirements, capacity needs and opportunities for Aehr Test products in
package and wafer level test. Aehr Test has developed and introduced several
innovative products, including the ABTSTM and FOXTM families of test and
burn-in systems and the DiePak(R) carrier. The ABTS system is used in
production and qualification testing of packaged parts 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 used for burn-in and
functional test of complex devices, such as leading-
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Aehr Test Systems Regains Compliance With Nasdaq Minimum Bid Price Rule
April 4, 2013
Page 2 of 2
edge memories, 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.
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