Alistair N. Sporck
AEHR TEST SYSTEMSAbout Alistair N. Sporck
Alistair N. Sporck is Vice President, Contactor Business Unit at Aehr Test Systems, having joined the company in July 2022. He previously spent 17 years as Vice President of Design at FormFactor, 13 years in product engineering roles at LSI Logic (now part of Broadcom), and ran his own company supplying components to the probe card industry; he holds a B.S. in Electrical Engineering from UC Santa Barbara and an M.S. in Electrical Engineering from Santa Clara University . As of May 31, 2024, he was 66 years old per the company’s executive officers table; the proxies do not disclose individual TSR or company financial performance metrics tied specifically to his compensation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| FormFactor Inc. | Vice President of Design | 17 years | Led design at a leading probe card supplier, deep domain exposure to wafer probe/contactor requirements . |
| LSI Logic (acquired by Broadcom) | Product Engineering (various roles) | 13 years | Semiconductor product engineering foundation across multiple positions . |
| Private company (owner) | Founder/Owner | N/D | Supplied components to the probe card industry, indicating entrepreneurial and supply-chain depth . |
| Aehr Test Systems | VP, Contactor Business Unit | Jul 2022–present | Leads the Contactor BU, aligning with Aehr’s wafer-level burn-in and test footprint . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Private company (owner) | Founder/Owner | N/D | Supplier to probe card industry; external perspective on customer needs and ecosystem . |
Fixed Compensation
| Component | FY Most Recently Disclosed | Detail |
|---|---|---|
| Base Salary | Not disclosed | Mr. Sporck is not included among the named executive officers in the Summary Compensation Tables (SCT) for FY2023–FY2025, which list CEO, CFO, and select EVPs only . |
| Target Bonus % | Not disclosed | No individual target bonus disclosure for Mr. Sporck in DEF 14A filings reviewed . |
| Actual Bonus Paid | Not disclosed | Not included in SCT; no separate disclosure identified for Mr. Sporck . |
Compensation framework: Aehr compensates executives with a mix of base salary, cash bonuses, and equity (options and RSUs), with pay designed to attract/retain talent and align with shareholder value creation; specifics for non-NEOs like Mr. Sporck are not itemized in SCTs .
Performance Compensation
| Instrument / Plan | Grant/Action Date | Quantity / Target | Metric & Weighting | Actual/Payout | Vesting |
|---|---|---|---|---|---|
| RSU (initial appointment grant) | 07/18/2022 (Form 3 event date) | 15,000 RSUs | Time-based (no performance metric disclosed) | N/D | One-sixteenth (1/16) vests at the end of each three full calendar months following the action date, contingent on continued employment . |
- Company programs include performance-based compensation (cash bonuses, commissions, and RSUs) but the proxies do not disclose Mr. Sporck’s specific performance metrics, targets, or weightings; those details are provided for named executive officers when applicable .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Initial beneficial ownership (at appointment) | 15,000 unvested RSUs reported on Form 3 (title shown as “Common Stock,” with footnote clarifying unvested RSUs) . |
| Vesting cadence | 6.25% of the RSU grant vests each quarter (1/16 at the end of each three full calendar months), service-based . |
| Hedging and pledging | Prohibited for officers and insiders under the Insider Trading Policy; policy also bars short sales, derivative hedges, and purchasing on margin or pledging company securities as collateral . |
| Clawback | Company adopted a Dodd-Frank/Nasdaq-compliant compensation recovery policy effective Aug 14, 2023, enabling recovery of excess incentive-based compensation (including equity) awarded during the three fiscal years preceding a material restatement; applies to Section 16 officers . |
Note: The 2024 and 2025 beneficial ownership tables list directors and named executive officers individually; Mr. Sporck is not itemized, and no additional individual ownership line was identified for him in those tables .
Employment Terms
| Term | Detail |
|---|---|
| Start date and role | Joined as Vice President, Contactor Business Unit in July 2022; Form 3 filed with event date 07/18/2022 . |
| Employment agreement | No standalone employment agreement for Mr. Sporck is disclosed in the cited materials . |
| Severance / Change-of-control | The 2024 proxy outlines severance and CIC terms for Erickson (CEO), Siu (CFO) and Rogers (EVP Sales); the 2025 proxy updates severance/CIC terms for Erickson (CEO), Siu (CFO), and Engineer (COO). Mr. Sporck is not named in these severance/CIC agreements . |
| Clawback policy | See Equity Ownership & Alignment; applies to Section 16 officers, including Mr. Sporck (Form 3 filer) . |
| Insider trading controls | Insider Trading Policy prohibits hedging/pledging and derivatives transactions; blackout and MNPI restrictions apply . |
Investment Implications
- Alignment and vesting overhang: Mr. Sporck’s equity is service-based RSUs with quarterly vesting, creating predictable vest dates that can be monitored for potential selling pressure; however, we did not locate Form 4 transactions in the searched corpus to evidence sales or dispositions . Hedging and pledging are prohibited, which supports alignment and mitigates collateral-driven forced selling risk .
- Retention and severance: He is not listed among executives with specific severance/change-in-control packages in the 2024–2025 proxies (agreements are disclosed for CEO/CFO/COO and, in 2024, EVP Sales). Lack of a disclosed parachute may modestly increase retention risk versus peers with explicit protections, but company-wide equity programs and clawback rules still govern incentives and recovery .
- Track record and execution context: Sporck brings deep contactor/probe card design and product engineering pedigree from FormFactor and LSI Logic, aligned with Aehr’s wafer-level burn-in strategy; this background supports execution in the Contactor BU, though the proxies do not disclose role-specific KPIs or performance outcomes for his unit .
Data sources: AEHR DEF 14A (2022–2025) for biography, policies, and severance/CIC frameworks; Sporck Form 3 for initial RSU grant and vesting schedule .