Aehr Test Systems (AEHR) investor relations material

Executive summary

• The annual meeting is scheduled for October 19, 2026, at the company headquarters, with shareholders of record as of August 27, 2026, eligible to vote on key proposals and meet directors and executives.

• Shareholders will vote on the election of six directors, ratification of BPM LLP as auditor for fiscal 2027, and an advisory say-on-pay vote for executive compensation.

• Proxy materials and annual reports are available online, and multiple voting methods are provided, including online, phone, mail, and in-person at the meeting.

Voting matters and shareholder proposals

• Proposals include electing six directors, ratifying BPM LLP as auditor, and approving executive compensation on an advisory basis.

• Shareholders may submit proposals for the 2027 meeting by May 12, 2027, for inclusion in proxy materials, or between May 22 and June 21, 2027, for other proposals.

• Voting for directors is by plurality; ratification of auditor and say-on-pay require a majority of shares present or represented by proxy.

Board of directors and corporate governance

• The board consists of six directors, with five independent members and one inside director (the CEO).

• Three standing committees: Audit, Compensation, and Corporate Governance/Nominating, all chaired by independent directors.

• Board and committee meetings had 100% attendance in fiscal 2026.

• The board separates the roles of Chairman and CEO and emphasizes diversity of skills and experience in director selection.

• A Code of Conduct and Ethics applies to all directors, officers, and employees.