Shareholder RGM Capital may engage in discussions with Aehr Test Systems

By Lisa Kerner

Charlotte, N.C., April 21 - Aehr Test Systems investors led by RGM Capital, LLC said they may engage in discussions with one or more Aehr shareholders, its officers or directors.

According to a schedule 13D filing with the Securities and Exchange Commission, discussions could include Aehr's operations and strategic direction that, if effected, could result in, among other things:

• The acquisition by RGM and its affiliates of additional Aehr securities;

• An extraordinary corporate transaction, such as a merger, reorganization or liquidation;

• A sale or transfer of a material amount of Aehr assets or any of its subsidiaries;

• Any change in the present board of directors or management;

• Any change in the present capitalization or dividend policy of Aehr;

• Changes in the company's business or corporate structure; and

• Changes in Aehr's charter or bylaws.

RGM beneficially owns 641,520 shares, or 7.87%, of Aehr following the sale of 205,257 shares between Feb. 27 and April 18 priced from $7.21 and $9.15.

Aehr designs, engineers and manufactures test and burn-in products for the semiconductor manufacturing industry. The company is based in Fremont, Calif.

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