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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
As filed with the Securities and Exchange Commission on November
17, 2021</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Registration No.
333-&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20549</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
FORM S-8</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
REGISTRATION STATEMENT</font></div>
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<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Under</font></div>
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<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
The Securities Act of 1933</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
AEHR TEST SYSTEMS</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Exact name of Registrant as specified in its charter)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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California</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
94-2424084</font></div>
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<font style="font-size: 13px; font-weight: bold; font-family: Times New Roman">
(State or other jurisdiction ofincorporation or
organization)</font></div>
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<font style="font-size: 13px; font-weight: bold; font-family: Times New Roman">
(I.R.S. EmployerIdentification Number)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
400 Kato Terrace</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Fremont, California 94539</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Address of principal executive offices) (Zip Code)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 16px">
2016 Equity Incentive Plan</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Full title of the plan)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Gayn Erickson</font></div>
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President and Chief Executive Officer</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
400 Kato Terrace</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Fremont, California 94539</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(510) 623-9400</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(Name and address including zip code and telephone
number,</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
including area code, of agent for service)</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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Copy to:</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Page Mailliard</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Latham &amp; Watkins LLP</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Professional Corporation</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
140 Scott Drive</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Palo Alto, California 94304</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
(650) 463-2600</font></div>
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<font style="color: #000000">Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See
definitions of &#x201C;large accelerated filer&#x201D;,
&#x201C;accelerated filer&#x201D;, and &#x201C;smaller reporting
company&#x201D; in Rule&#xA0;12b-2 of the Exchange Act:</font>Large
accelerated filer&#xA0;&#x2610;&#xA0;Accelerated
filer&#xA0;&#x2610;&#xA0;Non-accelerated
filer&#xA0;&#x2610;&#xA0;Smaller reporting company&#xA0;&#x2611;(Do
not check if a smaller reporting company)</div>
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<div>&#xA0;</div>
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<div style="text-align: center; text-indent: 0px; margin-right: 0px; margin-left: 0px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Title
of Securities tobe Registered</font></div>
</div>
</div>
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<div><font style="font-weight:bold;font-size:13px;font-family:Times New Roman;">Amount
to beRegistered (1)</font></div>
</font><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font></div>
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<div><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font><font style="text-align: center; vertical-align: bottom; width: 80%; display: inline-block; padding-bottom: 2px;">
<div><font style="font-weight:bold;font-size:13px;font-family:Times New Roman;">Proposed
Maximum Aggregate</font></div>
<div><font style="font-weight:bold;font-size:13px;font-family:Times New Roman;">Offering
PricePer Share</font></div>
</font><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font><font style="text-align: center; vertical-align: bottom; width: 80%; display: inline-block; padding-bottom: 2px;">
<div><font style="font-weight:bold;font-size:13px;font-family:Times New Roman;">Proposed
Maximum Aggregate Offering Price</font></div>
</font><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font><font style="text-align: center; vertical-align: bottom; width: 80%; display: inline-block; padding-bottom: 2px;">
<div><font style="font-weight:bold;font-size:13px;font-family:Times New Roman;">Amount
of Registration Fee</font></div>
</font><font style="text-align: left; width: 10%; vertical-align: bottom; display: inline-block; padding-bottom: 2px;">&#xA0;</font></div>
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<div>
<div style="text-align: left; text-indent:-24px;margin-right:0px;padding-bottom:2px;margin-left:24px;"><font style="font-family: Times New Roman; font-size: 13px">2016 EQUITY
INCENTIVE PLAN</font></div>
<div style="text-align: left; text-indent:-24px;margin-right:0px;padding-bottom:2px;margin-left:24px;"><font style="font-family: Times New Roman; font-size: 13px">Common Stock
available for issuance, par value $0.01 per share</font></div>
<div style="text-align: justify; text-indent:0px;margin-right:0px;padding-bottom:2px;margin-left:24px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; font-size: 13px; display: inline-block; width: 5%;">&#xA0;</font><font style="text-align: right; font-family: Times New Roman; vertical-align: bottom; font-size: 13px; display: inline-block; width: 75%;">1,413,588</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">(2)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 5%; font-size: 13px;">$</font><font style="text-align: right; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 75%; font-size: 13px;">24.32</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">(3)</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 5%; font-size: 13px;">$</font><font style="text-align: right; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 75%; font-size: 13px;">34,378,460</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 12%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 5%; font-size: 13px;">$</font><font style="text-align: right; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 75%; font-size: 13px;">3,186.88</font><font style="text-align: left; font-family: Times New Roman; vertical-align: bottom; display: inline-block; width: 10%; font-size: 13px;">&#xA0;</font></div>
</td>
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</div>
<div style="null"><font>&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td colspan="5" style="vertical-align: top; width: 100%">
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px">(1)&#xA0;Pursuant
to Rule 416(a) under the Securities Act of 1933, as amended (the
&#x201C;Securities Act&#x201D;), this Registration Statement shall
also cover any additional shares of the Registrant&#x2019;s Common
Stock that become issuable under the Registrant&#x2019;s 2016 Equity
Incentive Plan (the &#x201C;2016 Equity Incentive Plan&#x201D;) by
reason of any stock dividend, stock split, recapitalization or
other similar transaction effected without receipt of consideration
that increases the number of outstanding shares of
Registrant&#x2019;s Common Stock.</font></div>
</td>
</tr><tr>
<td colspan="5" style="vertical-align: top; width: 100%">
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px">(2)&#xA0;The
1,413,588 shares reflect the shares that may be issued under the
2016 Equity Incentive Plan consist of (i) 1,000,000 shares as
approved by the Registrant&#x2019;s Board of Directors and
shareholders and (ii) 413,588 shares returned to the 2016 Equity
Incentive Plan due to cancellation of options under the
Registrant&#x2019;s 2006 Equity Incentive Plan as a result of
certain provisions in the 2016 Equity Incentive Plan. Such
additional 1,413,588 shares are covered by this Registration
Statement.</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: -24px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;(3)&#xA0;Estimated
in accordance with Rule&#xA0;457(c) under the Securities Act solely
for the purpose of calculating the registration fee, based on the
average of the high and low price per share of the
Registrant&#x2019;s Common Stock as reported on the Nasdaq Capital
Market on November 12, 2021.</font></div>
</td>
</tr><tr>
<td colspan="5" style="vertical-align: top; width: 100%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1<br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
TABLE OF CONTENTS</font></div>
<div style="text-align: center">
<table cellpadding="0" cellspacing="0" style="text-align: center; margin: 0px auto; width: 100%; font-size: inherit; font-family: inherit;">
<tr style="background-color:#cceeff;">
<td colspan="1" rowspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:0px;"><font style="font-family: Times New Roman; font-size: 13px">PART I</font></div>
</td>
<td style="width: 10%;">
<div><font>3<br></font></div>
</td>
</tr><tr style="background-color:#ffffff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:0px;"><font style="font-family: Times New Roman; font-size: 13px">
PART II</font></div>
</td>
<td style="width: 10%;">
<div><font>3</font></div>
</td>
</tr><tr style="background-color:#cceeff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:1px;margin-left:12px;"><font style="font-family: Times New Roman; font-size: 13px">Item&#xA0;3.
Incorporation of Documents by Reference</font></div>
</td>
<td style="width: 10%;">
<div><font>3<br></font></div>
</td>
</tr><tr style="background-color:#ffffff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:12px;"><font style="font-family: Times New Roman; font-size: 13px">Item&#xA0;4.
Description of Securities</font></div>
</td>
<td style="width: 10%;">
<div><font>3</font></div>
</td>
</tr><tr style="background-color:#cceeff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:12px;"><font style="font-family: Times New Roman; font-size: 13px">Item&#xA0;5.
Indemnification of Directors and Officers</font></div>
</td>
<td style="width: 10%;">
<div><font>3</font></div>
</td>
</tr><tr style="background-color:#ffffff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:12px;"><font style="font-family: Times New Roman; font-size: 13px">Item&#xA0;6.
Exemption from Registration Claimed</font></div>
</td>
<td style="width: 10%;">
<div><font>5</font></div>
</td>
</tr><tr style="background-color:#cceeff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:12px;"><font style="font-family: Times New Roman; font-size: 13px">Item&#xA0;7.
Exhibits</font></div>
</td>
<td style="width: 10%;">
<div><font>5</font></div>
</td>
</tr><tr style="background-color:#ffffff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:12px;"><font style="font-family: Times New Roman; font-size: 13px">Item&#xA0;8.
Undertakings</font></div>
</td>
<td style="width: 10%;">
<div><font>5</font></div>
</td>
</tr><tr style="background-color:#cceeff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="text-align: left; text-indent:0px;margin-right:0px;margin-left:0px;"><font style="font-family: Times New Roman; font-size: 13px">SIGNATURES</font></div>
</td>
<td style="width: 10%;">
<div><font>6</font></div>
</td>
</tr><tr style="background-color:#ffffff;">
<td colspan="1" style="vertical-align:bottom;width:88%;">
<div style="margin-left:0px;"><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="width: 10%;">
<div><font>&#xA0;</font></div>
</td>
</tr></table>
</div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">2<br></font></div>
</div>
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<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
PART I</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
The documents containing the information specified in Part I will
be sent or given to employees as specified by Rule 428(b)(1) of the
Securities Act of 1933, as amended (the &#x201C;Securities
Act&#x201D;). Such documents are not being filed with the Securities
and Exchange Commission (the &#x201C;SEC&#x201D;) either as part of
this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424 of the Securities Act. Such
documents and the documents incorporated by reference in this
Registration Statement pursuant to Item 3 of Part II hereof, taken
together, constitute a prospectus that meets the requirements of
Section 10(a) of the Securities Act.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
PART II</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
INFORMATION REQUIRED IN REGISTRATION STATEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Item 3. Incorporation of Documents by Reference.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
Registration Statement registers shares of the Registrant&#x2019;s
Common Stock to be issued pursuant to the 2016 Equity Incentive
Plan and the following subsequent periodic reports and information
contained therein are hereby incorporated by reference into this
Registration Statement:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 84px"><font style="font-family: Times New Roman; font-size: 13px">(a)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The
Registrant&#x2019;s Annual Report on Form 10-K for the fiscal year
ended May 31, 2021 filed on August 27, 2021 pursuant to Section
13(a) of the Securities Exchange Act of 1934, as amended (the
&#x201C;Exchange Act&#x201D;), including portions of the
Registrant&#x2019;s Proxy Statement for the 2021 Annual Meeting of
Shareholders to the extent specifically incorporated by reference
therein;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 84px"><font style="font-family: Times New Roman; font-size: 13px">(b)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">All other reports
filed pursuant to Section 13(a) or 15(d) of the Exchange Act since
the end of the fiscal year covered by the Annual Report;
and</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="margin-left: 0px; text-indent: 84px"><font style="font-family: Times New Roman; font-size: 13px">(c)</font><font id="tab2" style="letter-spacing: 12px; color: black">&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px">The description of
the Registrant&#x2019;s Common Stock contained in its registration
statement on Form 8-A filed with the SEC on July 29, 1997 pursuant
to Section 12(g) of the Exchange Act, including any amendment or
report filed for purpose of updating such description.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">All
documents filed by us pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, on or after the date of this
Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered herein have
been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of
filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall
be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained
herein or in any other subsequently filed document which also is or
is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Item 4. Description of Securities.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Not
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Item 5. Indemnification of Directors and Officers.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Section&#xA0;317 of
the California General Corporations Law (the &#x201C;CGCL&#x201D;)
authorizes a court to award, or a corporation&#x2019;s board of
directors to grant, indemnity to directors and officers who are
parties or are threatened to be made parties to any proceeding
(with certain exceptions) by reason of the fact that the person is
or was an agent of the corporation, against expenses, judgments,
fines, settlements and other amounts actually and reasonably
incurred in connection with the proceeding if that person acted in
good faith and in a manner the person reasonably believed to be in
the best interests of the corporation, and in the case of a
criminal proceeding, had no reasonable cause to believe the conduct
of the person was unlawful.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;3</font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Section&#xA0;204 of
the CGCL provides that a corporation&#x2019;s articles of
incorporation may not limit the liability of directors (i) for acts
or omissions that involve intentional misconduct or a knowing and
culpable violation of law, (ii) for acts or omissions that a
director believes to be contrary to the best interests of the
corporation or its shareholders or that involve the absence of good
faith on the part of the director, (iii) for any transaction from
which a director derived an improper personal benefit, (iv) for
acts or omissions that show a reckless disregard for the
director&#x2019;s duty to the corporation or its shareholders in
circumstances in which the director was aware, or should have been
aware, in the ordinary course of performing a director&#x2019;s
duties, of a risk of a serious injury to the corporation or its
shareholders, (v) for acts or omissions that constitute an
unexcused pattern of inattention that amounts to an abdication of
the director&#x2019;s duty to the corporation or its shareholders,
(vi) under Section&#xA0;310 of the CGCL (concerning transactions
between corporations and directors or corporations having
interrelated directors) or (vii) under Section&#xA0;316 of the CGCL
(concerning directors&#x2019; liability for distributions, loans,
and guarantees).</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Section&#xA0;204
further provides that a corporation&#x2019;s articles of
incorporation may not limit the liability of directors for any act
or omission occurring prior to the date when the provision became
effective or any act or omission as an officer, notwithstanding
that the officer is also a director or that his or her actions, if
negligent or improper, have been ratified by the directors.&#xA0;
Further, Section&#xA0;317 has no effect on claims arising under
federal or state securities laws and does not affect the
availability of injunctions and other equitable remedies available
to a corporation&#x2019;s shareholders for any violation of a
director&#x2019;s fiduciary duty to the corporation or its
shareholders.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">In
accordance with Section&#xA0;317, the Restated Articles of
Incorporation, as amended (the &#x201C;Articles&#x201D;), of the
Registrant limit the liability of a director to the fullest extent
permissible under California law.&#xA0; The Articles further
authorize the Registrant to provide indemnification to its agents
(including officers and directors), subject to the limitations set
forth above.&#xA0; The Articles and the Registrant&#x2019;s Bylaws
(the &#x201C;Bylaws&#x201D;) further provide for indemnification of
corporate agents to the maximum extent permitted by the
CGCL.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
authority provided in the Articles and Bylaws, the Registrant has
entered into indemnification agreements with its executive officers
and directors, indemnifying them against certain potential
liabilities that may arise as a result of their service to the
Registrant and providing for certain other
protection.&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
foregoing summaries are necessarily subject to the complete text of
the statute, the Articles, the By-Laws and the agreements referred
to above and are qualified in their entirety by reference
thereto.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">4<br></font></div>
</div>
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<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Item 6. Exemption from Registration Claimed.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Not
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 7. Exhibits.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: bottom; width: 11%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Exhibit
Number</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; width: 100%; border-bottom: solid 1px #000000">
<!--Rule Below Paragraph--></div>
</td>
<td style="vertical-align: bottom; width: 89%">
<div style="text-align: center; margin-left: 0px; margin-right: -49px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Description</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px; width: 100%; border-bottom: solid 1px #000000">
<!--Rule Below Paragraph--></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 11%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">4.1</font></div>
</td>
<td style="vertical-align: top; width: 89%">
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">2016
Equity Incentive Plan*</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 11%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">5.1</font></div>
</td>
<td style="vertical-align: top; width: 89%">
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Opinion
of Latham &amp; Watkins LLP, Professional Corporation, as to the
legality of the securities being registered</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 11%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">23.1</font></div>
</td>
<td style="vertical-align: top; width: 89%">
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">Consent of BPM LLP,
Independent Registered Public Accounting Firm</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 11%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">23.2</font></div>
</td>
<td style="vertical-align: top; width: 89%">
<div style="text-align: justify; margin-left: 24px; margin-right: -49px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Consent
of Latham &amp; Watkins LLP, Professional Corporation (included in
Exhibit 5.1)</font></div>
</td>
</tr><tr style="background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 11%">
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">24.1</font></div>
</td>
<td style="vertical-align: top; width: 89%">
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Power
of Attorney (see page 7)</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><a name="_Hlk25246429"><!--anchor--></a>* Incorporated by reference to
Appendix A previously filed with the Registrant&#x2019;s Definitive
Proxy Statement on Schedule 14A filed September 26, 2019 (File No.
000-22893).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-style: italic; font-family: Times New Roman; font-size: 13px">
Item 8. Undertakings.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
(a)<font style="color: #000000">&#xA0;</font>The undersigned
Registrant hereby undertakes:</font>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; (1)<font style="color: #000000">&#xA0;</font>To file, during any period in which
offers or sales are being made, a post-effective amendment to this
Registration Statement:</font>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; (i)<font style="color: #000000">&#xA0;</font>To
include any prospectus required by section&#xA0;10(a)(3) of the
Securities Act;</font>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; (ii)<font style="color: #000000">&#xA0;</font>To
reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form
of prospectus filed with the SEC pursuant to Rule&#xA0;424(b) if,
in the aggregate, the changes in volume and price represent no more
than a 20 percent change in the maximum aggregate offering price
set forth in the &#x201C;Calculation of Registration Fee&#x201D;
table in the effective registration statement; and</font>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; (iii)<font style="color: #000000">&#xA0;</font>To include any material information
with respect to the plan of distribution not previously disclosed
in the registration statement or any material change to such
information in the registration statement.</font>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic">&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;
&#xA0;&#xA0; Provided</font>, <font style="font-style: italic">however</font>, that paragraphs (a)(1)(i) and
(a)(1)(ii) of this section do not apply if the information required
to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the SEC by the
Registrant pursuant to Section&#xA0;13 or Section&#xA0;15(d) of the
Exchange Act that are incorporated by reference in this
registration statement</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; (2)<font style="color: #000000">&#xA0;</font>That, for the purpose of determining
any liability under the Securities Act, each such post-effective
amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0; (3)<font style="color: #000000">&#xA0;</font>To remove from registration by means
of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the
offering</font>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
(b)<font style="color: #000000">&#xA0;</font>The undersigned
Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the
Registrant&#x2019;s annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan&#x2019;s annual report pursuant
to Section 15(d) of the Exchange Act) that is incorporated by
reference in the registration statement shall be deemed to be a new
registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;&#xA0;&#xA0;
(c)<font style="color: #000000">&#xA0;</font>Insofar as
indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the SEC,
such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that
a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a
director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with
the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public
policy as expressed in the Securities Act, and will be governed by
the final adjudication of such issue.</font>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">5<br></font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Fremont,
State of California, on November 17, 2021.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="font-family: inherit; font-size: inherit; margin-right:0px;width:100%;margin-left:0px;">
<tr>
<td rowspan="1" style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">AEHR
TEST SYSTEMS</font></font></font></div>
</td>
<td rowspan="1" style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<br></td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/&#xA0;
<font style="font-family: Times New Roman; font-size: 13px">GAYN
ERICKSON</font></font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">Gayn
Erickson</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="font-family: Times New Roman; font-size: 13px">President and Chief
Executive Officer</font>&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr></table>
</div>
<br>
<div><font style="font-family: Times New Roman; font-size: 10"><br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
POWER OF ATTORNEY</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">KNOW ALL PERSONS BY THESE PRESENTS</font>, that
each person whose signature appears below constitutes and appoints
Gayn Erickson and Kenneth B. Spink, and each of them, his
attorneys-in-fact, each with the power of substitution, for him and
in his name, place and stead, in any and all capacities, to sign
any and all amendments to this Registration Statement, and to file
the same, with all exhibits thereto in all documents in connection
therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as
fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that such
attorneys-in-fact and agents or any of them, or his or their
substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons in the
capacities and on the dates indicated.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit; margin: 0px auto 0px 0px; width: 100%;">
<tr>
<td rowspan="1" style="vertical-align: top; padding-bottom: 2px; width: 30%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Signature</font></div>
</td>
<td rowspan="1" style="vertical-align: top; padding-bottom: 2px; width: 5%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td rowspan="1" style="vertical-align: top; padding-bottom: 2px; width: 30%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Title</font></div>
</td>
<td rowspan="1" style="vertical-align: top; padding-bottom: 2px; width: 5%;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td rowspan="1" style="vertical-align: top; width: 30%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Date</font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 30%; border-bottom: 2px solid black;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ GAYN
ERICKSON<br></font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">President, Chief
Executive Officer and Director (Principal Executive
Officer)<br></font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 30%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Gayn
Erickson<br></font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 30%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 30%; border-bottom: 2px solid black;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ KENNETH B.
SPINK<br></font></div>
</td>
<td style="width: 5%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Vice President of
Finance and Chief Financial Officer</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(Principal
Financial and Accounting Officer)<br></font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
<br></td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Kenneth B.
Spink<br></font></div>
</td>
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</td>
</tr><tr>
<td style="vertical-align: top; width: 30%; border-bottom: 2px solid black;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ RHEA J.
POSEDEL<br></font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Chairman</font></div>
</td>
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</td>
<td style="vertical-align: top; width: 30%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">Rhea J.
Posedel<br></td>
<td style="width: 5%; vertical-align: top;">
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</td>
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</td>
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</div>
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<tr>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ LAURA
OLIPHANT<br></font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Director</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Laura
Oliphant<br></font></div>
</td>
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</td>
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</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 240px"></div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 240px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; font-family: inherit; font-size: inherit; margin: 0px auto 0px 0px; width: 100%;">
<tr>
<td style="vertical-align: top; width: 30%; border-bottom: 2px solid black;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ GEOFFREY
SCOTT<br></font></div>
</td>
<td style="width: 5%; vertical-align: top;">
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Director</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">name</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ MARIO M.
ROSATI<br></font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Director<br></font></div>
</td>
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Mario M.
Rosati</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ HOWARD T.
SLAYEN<br></font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Director</font></div>
</td>
<td style="width: 5%; vertical-align: top;">
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</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Howard T.
Slayen<br></font></div>
</td>
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</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 240px">
</div>
<div style="text-align: left; margin-left: 48px; margin-right: 0px; text-indent: 240px"></div>
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<table cellpadding="0" cellspacing="0" style="text-align: justify; font-family: inherit; font-size: inherit; margin: 0px auto 0px 0px; width: 100%;">
<tr>
<td style="vertical-align: top; width: 30%; border-bottom: 2px solid black;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ FARIBA
DANESH<br></font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Director</font></div>
</td>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">November 17,
2021<br></font></div>
</td>
</tr><tr>
<td style="width: 30%; vertical-align: top;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Fariba
Danesh</font></div>
</td>
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aehr_s8
As filed with the Securities and Exchange Commission on November
17, 2021
Registration No.
333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
AEHR TEST SYSTEMS
(Exact name of Registrant as specified in its charter)
California
94-2424084
(State or other jurisdiction ofincorporation or
organization)
(I.R.S. EmployerIdentification Number)
400 Kato Terrace
Fremont, California 94539
(Address of principal executive offices) (Zip Code)
2016 Equity Incentive Plan
(Full title of the plan)
Gayn Erickson
President and Chief Executive Officer
400 Kato Terrace
Fremont, California 94539
(510) 623-9400
(Name and address including zip code and telephone
number,
including area code, of agent for service)
Copy to:
Page Mailliard
Latham & Watkins LLP
Professional Corporation
140 Scott Drive
Palo Alto, California 94304
(650) 463-2600
Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See
definitions of "large accelerated filer",
"accelerated filer", and "smaller reporting
company" in Rule 12b-2 of the Exchange Act:
Large
accelerated filer ☐ Accelerated
filer ☐ Non-accelerated
filer ☐ Smaller reporting company ☑(Do
not check if a smaller reporting company)
Title
of Securities tobe Registered
Amount
to beRegistered (1)
Proposed
Maximum Aggregate
Offering
PricePer Share
Proposed
Maximum Aggregate Offering Price
Amount
of Registration Fee
2016 EQUITY
INCENTIVE PLAN
Common Stock
available for issuance, par value $0.01 per share
1,413,588
(2)
$
24.32
(3)
$
34,378,460
$
3,186.88
(1) Pursuant
to Rule 416(a) under the Securities Act of 1933, as amended (the
"Securities Act"), this Registration Statement shall
also cover any additional shares of the Registrant's Common
Stock that become issuable under the Registrant's 2016 Equity
Incentive Plan (the "2016 Equity Incentive Plan") by
reason of any stock dividend, stock split, recapitalization or
other similar transaction effected without receipt of consideration
that increases the number of outstanding shares of
Registrant's Common Stock.
(2) The
1,413,588 shares reflect the shares that may be issued under the
2016 Equity Incentive Plan consist of (i) 1,000,000 shares as
approved by the Registrant's Board of Directors and
shareholders and (ii) 413,588 shares returned to the 2016 Equity
Incentive Plan due to cancellation of options under the
Registrant's 2006 Equity Incentive Plan as a result of
certain provisions in the 2016 Equity Incentive Plan. Such
additional 1,413,588 shares are covered by this Registration
Statement.
(3) Estimated
in accordance with Rule 457(c) under the Securities Act solely
for the purpose of calculating the registration fee, based on the
average of the high and low price per share of the
Registrant's Common Stock as reported on the Nasdaq Capital
Market on November 12, 2021.
1
TABLE OF CONTENTS
PART I
3
PART II
3
Item 3.
Incorporation of Documents by Reference
3
Item 4.
Description of Securities
3
Item 5.
Indemnification of Directors and Officers
3
Item 6.
Exemption from Registration Claimed
5
Item 7.
Exhibits
5
Item 8.
Undertakings
5
SIGNATURES
6
2
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the information specified in Part I will
be sent or given to employees as specified by Rule 428(b)(1) of the
Securities Act of 1933, as amended (the "Securities
Act"). Such documents are not being filed with the Securities
and Exchange Commission (the "SEC") either as part of
this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424 of the Securities Act. Such
documents and the documents incorporated by reference in this
Registration Statement pursuant to Item 3 of Part II hereof, taken
together, constitute a prospectus that meets the requirements of
Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
This
Registration Statement registers shares of the Registrant's
Common Stock to be issued pursuant to the 2016 Equity Incentive
Plan and the following subsequent periodic reports and information
contained therein are hereby incorporated by reference into this
Registration Statement:
(a)
The
Registrant's Annual Report on Form 10-K for the fiscal year
ended May 31, 2021 filed on August 27, 2021 pursuant to Section
13(a) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), including portions of the
Registrant's Proxy Statement for the 2021 Annual Meeting of
Shareholders to the extent specifically incorporated by reference
therein;
(b)
All other reports
filed pursuant to Section 13(a) or 15(d) of the Exchange Act since
the end of the fiscal year covered by the Annual Report;
and
(c)
The description of
the Registrant's Common Stock contained in its registration
statement on Form 8-A filed with the SEC on July 29, 1997 pursuant
to Section 12(g) of the Exchange Act, including any amendment or
report filed for purpose of updating such description.
All
documents filed by us pursuant to Sections 13(a), 13(c), 14 or
15(d) of the Exchange Act, on or after the date of this
Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered herein have
been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference in this
Registration Statement and to be a part hereof from the date of
filing of such documents. Any statement contained in a document
incorporated or deemed to be incorporated by reference herein shall
be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained
herein or in any other subsequently filed document which also is or
is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not
applicable.
Item 5. Indemnification of Directors and Officers.
Section 317 of
the California General Corporations Law (the "CGCL")
authorizes a court to award, or a corporation's board of
directors to grant, indemnity to directors and officers who are
parties or are threatened to be made parties to any proceeding
(with certain exceptions) by reason of the fact that the person is
or was an agent of the corporation, against expenses, judgments,
fines, settlements and other amounts actually and reasonably
incurred in connection with the proceeding if that person acted in
good faith and in a manner the person reasonably believed to be in
the best interests of the corporation, and in the case of a
criminal proceeding, had no reasonable cause to believe the conduct
of the person was unlawful.
3
Section 204 of
the CGCL provides that a corporation's articles of
incorporation may not limit the liability of directors (i) for acts
or omissions that involve intentional misconduct or a knowing and
culpable violation of law, (ii) for acts or omissions that a
director believes to be contrary to the best interests of the
corporation or its shareholders or that involve the absence of good
faith on the part of the director, (iii) for any transaction from
which a director derived an improper personal benefit, (iv) for
acts or omissions that show a reckless disregard for the
director's duty to the corporation or its shareholders in
circumstances in which the director was aware, or should have been
aware, in the ordinary course of performing a director's
duties, of a risk of a serious injury to the corporation or its
shareholders, (v) for acts or omissions that constitute an
unexcused pattern of inattention that amounts to an abdication of
the director's duty to the corporation or its shareholders,
(vi) under Section 310 of the CGCL (concerning transactions
between corporations and directors or corporations having
interrelated directors) or (vii) under Section 316 of the CGCL
(concerning directors' liability for distributions, loans,
and guarantees).
Section 204
further provides that a corporation's articles of
incorporation may not limit the liability of directors for any act
or omission occurring prior to the date when the provision became
effective or any act or omission as an officer, notwithstanding
that the officer is also a director or that his or her actions, if
negligent or improper, have been ratified by the directors. 
Further, Section 317 has no effect on claims arising under
federal or state securities laws and does not affect the
availability of injunctions and other equitable remedies available
to a corporation's shareholders for any violation of a
director's fiduciary duty to the corporation or its
shareholders.
In
accordance with Section 317, the Restated Articles of
Incorporation, as amended (the "Articles"), of the
Registrant limit the liability of a director to the fullest extent
permissible under California law.  The Articles further
authorize the Registrant to provide indemnification to its agents
(including officers and directors), subject to the limitations set
forth above.  The Articles and the Registrant's Bylaws
(the "Bylaws") further provide for indemnification of
corporate agents to the maximum extent permitted by the
CGCL.
Pursuant to the
authority provided in the Articles and Bylaws, the Registrant has
entered into indemnification agreements with its executive officers
and directors, indemnifying them against certain potential
liabilities that may arise as a result of their service to the
Registrant and providing for certain other
protection.
The
foregoing summaries are necessarily subject to the complete text of
the statute, the Articles, the By-Laws and the agreements referred
to above and are qualified in their entirety by reference
thereto.
4
Item 6. Exemption from Registration Claimed.
Not
applicable.
Item 7. Exhibits.
Exhibit
Number
Description
4.1
2016
Equity Incentive Plan*
5.1
Opinion
of Latham & Watkins LLP, Professional Corporation, as to the
legality of the securities being registered
23.1
Consent of BPM LLP,
Independent Registered Public Accounting Firm
23.2
Consent
of Latham & Watkins LLP, Professional Corporation (included in
Exhibit 5.1)
24.1
Power
of Attorney (see page 7)
* Incorporated by reference to
Appendix A previously filed with the Registrant's Definitive
Proxy Statement on Schedule 14A filed September 26, 2019 (File No.
000-22893).
Item 8. Undertakings.
(a)
The undersigned
Registrant hereby undertakes:
(1)
To file, during any period in which
offers or sales are being made, a post-effective amendment to this
Registration Statement:
(i)
To
include any prospectus required by section 10(a)(3) of the
Securities Act;
(ii)
To
reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form
of prospectus filed with the SEC pursuant to Rule 424(b) if,
in the aggregate, the changes in volume and price represent no more
than a 20 percent change in the maximum aggregate offering price
set forth in the "Calculation of Registration Fee"
table in the effective registration statement; and
(iii)
To include any material information
with respect to the plan of distribution not previously disclosed
in the registration statement or any material change to such
information in the registration statement.
Provided
,
however
, that paragraphs (a)(1)(i) and
(a)(1)(ii) of this section do not apply if the information required
to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the SEC by the
Registrant pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in this
registration statement
(2)
That, for the purpose of determining
any liability under the Securities Act, each such post-effective
amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)
To remove from registration by means
of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the
offering
(b)
The undersigned
Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan's annual report pursuant
to Section 15(d) of the Exchange Act) that is incorporated by
reference in the registration statement shall be deemed to be a new
registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof.
(c)
Insofar as
indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the SEC,
such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that
a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a
director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with
the securities being registered, the Registrant will, unless in the
opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public
policy as expressed in the Securities Act, and will be governed by
the final adjudication of such issue.
5
SIGNATURES
Pursuant to the
requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Fremont,
State of California, on November 17, 2021.
AEHR
TEST SYSTEMS
By:
/s/
GAYN
ERICKSON
Gayn
Erickson
President and Chief
Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS
, that
each person whose signature appears below constitutes and appoints
Gayn Erickson and Kenneth B. Spink, and each of them, his
attorneys-in-fact, each with the power of substitution, for him and
in his name, place and stead, in any and all capacities, to sign
any and all amendments to this Registration Statement, and to file
the same, with all exhibits thereto in all documents in connection
therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as
fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that such
attorneys-in-fact and agents or any of them, or his or their
substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Pursuant to the
requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons in the
capacities and on the dates indicated.
Signature
Title
Date
/s/ GAYN
ERICKSON
President, Chief
Executive Officer and Director (Principal Executive
Officer)
November 17,
2021
Gayn
Erickson
/s/ KENNETH B.
SPINK
Vice President of
Finance and Chief Financial Officer
(Principal
Financial and Accounting Officer)
November 17,
2021
Kenneth B.
Spink
/s/ RHEA J.
POSEDEL
Chairman
November 17,
2021
Rhea J.
Posedel
/s/ LAURA
OLIPHANT
Director
November 17,
2021
Laura
Oliphant
/s/ GEOFFREY
SCOTT
Director
November 17,
2021
name
/s/ MARIO M.
ROSATI
Director
November 17,
2021
Mario M.
Rosati
/s/ HOWARD T.
SLAYEN
Director
November 17,
2021
Howard T.
Slayen
/s/ FARIBA
DANESH
Director
November 17,
2021
Fariba
Danesh
6