0001040470-16-000094.txt : 20160422
0001040470-16-000094.hdr.sgml : 20160422
20160422171553
ACCESSION NUMBER: 0001040470-16-000094
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160419
ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
FILED AS OF DATE: 20160422
DATE AS OF CHANGE: 20160422
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: 161587299
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
e8k041916.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 19, 2016
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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
On April 19, 2016, Aehr Test Systems (the "Company") received a notice
(the "Notice") from The Nasdaq Stock Market ("Nasdaq") stating that the Company
was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the "Stockholders'
Equity Rule") because the Company did not have a minimum stockholders' equity,
as of February 29, 2016, of $2.5 million and the Company also did not meet the
alternative market capitalization and income from continuing operations tests.
The Notice has no immediate effect on the Nasdaq listing or trading of the
Company's common stock.
The Company has until June 3, 2016 to submit a plan to regain compliance
with the Stockholders' Equity Rule to Nasdaq. If the plan is accepted, Nasdaq
can grant an extension of up to 180 days from the date of the Notice to regain
compliance. If Nasdaq does not accept the Company's plan, the Company will
have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The
Company is considering various options to regain compliance with the
Stockholders' Equity Rule at this time and intends to submit a plan to regain
compliance to Nasdaq.
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
Date: April 22, 2016
By: /S/ KENNETH B. SPINK
-------------------------
Kenneth B. Spink
Vice President of Finance and
Chief Financial Officer