Aehr Test Systems filed a Form 8-K on October 29, 2026, disclosing the appointment of Narsing Vijayrao as a new member of its Board of Directors, effective October 28, 2026, following a board expansion from six to seven authorized directors approved on October 24, 2026.

Key Highlights

  • Board expanded: The Board approved an increase in authorized directors from six to seven on October 24, 2026.
  • New director: Narsing Vijayrao was appointed to the Board, effective October 28, 2026, and will serve on the Compensation Committee.
  • Independence determination: The Board determined that Mr. Vijayrao qualifies as an independent director under Nasdaq listing standards.
  • Annual cash retainer: Mr. Vijayrao will receive an annual cash retainer of $65,000 as a non-employee director.
  • Initial RSU grant: Mr. Vijayrao will receive an initial RSU grant totaling $140,000, vesting over four years at 1/16th per quarterly anniversary of the grant date.
  • Prior experience: Mr. Vijayrao most recently served as Vice President of Infrastructure at Meta Platforms, Inc., where he worked for more than 13 years, from April 2013 to August 2026.
  • Term: Mr. Vijayrao will serve until the Company's next annual meeting of shareholders.

Vijayrao Appointment Details and Compensation Terms at Aehr Test Systems

According to the filing, Aehr Test Systems (NASDAQ:AEHR) reported that its Board of Directors approved both an expansion of board size and the appointment of Narsing Vijayrao on October 24, 2026. The appointment became effective October 28, 2026. Mr. Vijayrao has been assigned to the Compensation Committee and will serve until the company's next annual meeting of shareholders, the filing stated.

The filing describes Mr. Vijayrao as "a senior technology executive with approximately 30 years of experience in infrastructure, artificial intelligence, and semiconductor technologies across hyperscale, enterprise, and startup environments." Prior to joining the Board, he served as Vice President of Infrastructure at Meta Platforms, Inc. from April 2013 to August 2026. Before that, from October 2003 to February 2013, he held various leadership positions at Advanced Micro Devices, Inc., including as a technologist in the Office of the Chief Technology Officer. He holds a Master of Science in Electrical and Computer Engineering from Purdue University, according to the filing.

As a non-employee director, the filing disclosed that Mr. Vijayrao will receive an annual cash retainer of $65,000 and an initial RSU grant totaling $140,000, vesting at 1/16th of the total RSUs on each quarterly anniversary of the grant date over four years, subject to continued service. Following the initial grant, he will be eligible for annual RSU grants of $140,000, vesting at 1/4th per quarterly anniversary over one year, subject to continued service. The number of RSUs will be calculated based on the company's stock price at the grant date. The filing also noted that Mr. Vijayrao will enter into the company's standard form of indemnification agreement. The filing stated there are no arrangements or understandings with any other person regarding his selection, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

What Was Disclosed

Aehr Test Systems disclosed the expansion of its Board of Directors from six to seven members and the appointment of Narsing Vijayrao, effective October 28, 2026, along with his committee assignment, independence status, background, and compensation terms as a non-employee director.