Sign in

    Gayn Erickson

    President, Chief Executive Officer at Aehr Test Systems
    Board
    Since January 2012
    Age
    59 years
    Education
    Holds a Bachelor of Science in Electrical Engineering from Arizona State University.
    Tenure
    Joined AEHR in January 2012 as President, Chief Executive Officer, and a member of the Board, where strategic leadership has driven innovative semiconductor testing solutions.

    Also at Aehr Test Systems

    AE
    Adil Engineer
    Chief Operating Officer (COO)
    ANS
    Alistair N. Sporck
    Vice President of the Contactor Business Unit
    AR
    Avi Ray-Chaudhuri
    Executive Vice President of Research and Development

    About

    Gayn Erickson has established a strong foundation in electrical engineering by earning a Bachelor of Science degree from Arizona State University. His academic background has been instrumental in preparing him for a long and distinguished career in the semiconductor test industry.

    Over more than 35 years, he has gained extensive experience at leading companies in the industry, beginning with Hewlett-Packard's Automated Test Group and continuing through senior roles at Agilent Technologies and Verigy Ltd., where he served as Senior Vice President and General Manager. This diverse background provided him with a deep understanding of operations, marketing, sales, and R&D in semiconductor testing.

    Since January 2012, he has served as President, Chief Executive Officer, and a member of the Board at AEHR, where his leadership has focused on advancing innovative semiconductor testing solutions and steering the company’s strategic direction. His career is characterized by a commitment to operational excellence and significant contributions to the industry.

    $AEHR Performance Under Gayn Erickson

    Past Roles

    OrganizationRoleDate RangeDetails
    Verigy Ltd. Corporate Officer, Senior Vice President, and General Manager of the Memory Test Business February 2006 to October 2011 N/A
    Agilent Technologies Vice President of Marketing and Sales for Semiconductor Memory Test Products N/A N/A
    Hewlett-Packard's Automated Test Group Started his career in semiconductor test Late 1980s N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details (citations)
    Base Salary$456,000AnnuallyFixed annual cash compensation
    Health & Life Insurance Premiums and Medical Costs$36,346N/ACovers insurance premiums and medical cost benefits
    Company ESOP Contributions$8,771N/AContributions to the Employee Stock Ownership Plan

    Performance Compensation

    Data from  FY 2024

    Performance Compensation Details

    Below is a summary of the performance-based components for 2024:

    ComponentAmount / SharesPerformance Metrics / TargetsVesting ScheduleAdditional Details (citations)
    Non-Equity Incentive Plan Compensation$127,742Includes achievement of booking objectives (booking commissions of $40,642) and other performance incentives ($87,100)Typically paid when performance objectives are metTied to annual bonus and profit-sharing programs
    Target Cash Bonus106.4% of base pay (~$485,184)Linked to metrics: profitability, bookings, new production & market customer milestones, ESGAwarded quarterly or at fiscal year end upon reviewSubject to approval by the Compensation Committee
    Annual Equity Award25,239 RSUsNot based on explicit performance thresholds; standard service-based vestingVests in 1/16th increments every three months starting from October 27, 2023Continues with service requirement
    Performance-Based Equity Awards (Financial Performance)Up to 14,647 sharesSpecific financial metrics (e.g., revenue, profitability, etc.) are not detailedVest upon meeting performance review metrics by the Compensation CommitteeFurther details on thresholds and targets are not provided
    Performance-Based Equity Awards (Long-Term Performance)30,431 sharesTied to the Company’s cumulative revenue target for certain markets (thresholds not disclosed)100% vesting upon achievement of the condition by May 31, 2026; subject to continued serviceAs of May 31, 2024, the performance condition had not been satisfied

    Note: For several components, not all exact performance thresholds, targets, or grant date fair values are provided in the available documents.