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)
June 12, 2021
AEHR TEST SYSTEMS
(Exact
name of registrant as specified in its charter)
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California
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000-22893
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94-2424084
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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400 KATO TERRACE, FREMONT, CA 94539
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(Address
of principal executive offices, including zip code)
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510-623-9400
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(Registrant’s
telephone number, including area code)
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N/A
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(Former
name or former address, if changed since last report)
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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))
Indicate by check
mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth
company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Common
Stock, par value $0.01 per share
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AEHR
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The
NASDAQ Capital Market
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Item 1.02. Termination of a Material Definitive
Agreement.
As previously reported in the Current Report on Form 8-K dated
April 28, 2020 by Aehr Test Systems (the “Company”), on
April 23, 2020, the Company obtained an unsecured loan in the
aggregate amount of $1,678,789 (the “Loan”) from
Silicon Valley Bank (the “Lender”) pursuant to the
Paycheck Protection Program established under the Coronavirus Aid,
Relief, and Economic Security Act (the “CARES Act”) and
guaranteed by the U.S. Small Business Administration (the
“SBA”).
On June 12, 2021, the Company received confirmation from the Lender
that on June 4, 2021 the SBA approved the Company’s PPP Loan
forgiveness application for the entire PPP Loan balance of
$1,678,789 and interest totaling $18,933.01, and that the remaining
PPP Loan balance is zero.
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.
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Aehr Test Systems
(Registrant)
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Date: June 14, 2021
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By:
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/s/ Kenneth B. Spink
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Kenneth B. Spink
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Vice
President of Finance and Chief Financial Officer
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