UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | March 12, 2010 |
Cohu, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-04298 | 95-1934119 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 12367 Crosthwaite Circle, Poway, California | 92064 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 858-848-8100 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 15, 2010, Cohu, Inc. (the "Company") announced that, effective March 12, 2010, Charles A. Schwan, the Company’s Chairman, resigned from the Board and that James A. Donahue was appointed Chairman of the Board. Mr. Donahue has been President and Chief Executive Officer of Cohu since June, 2000, a director since 1999 and has worked in the Company’s semiconductor equipment operations for more than 31 years. Mr. Schwan's resignation was not related to any disagreement with Cohu, Inc., its Board of Directors or its management.
The Company also announced that Robert L. Ciardella has been named to the new position of Lead Independent Director. Mr. Ciardella joined Cohu’s Board of Directors in 2003.
A copy of Mr. Schwan's resignation letter and the Company's press release are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. — 99.1
Description — Resignation letter of Charles A. Schwan
Exhibit No. — 99.2
Description — Donahue Appointed Chairman of the Board of Cohu
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Cohu, Inc. | ||||
| March 15, 2010 | By: |
Jeffrey D. Jones
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| Name: Jeffrey D. Jones | ||||
| Title: Vice President Finance & Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Resignation letter of Charles A. Schwan | |
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99.2
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Donahue Appointed Chairman of the Board of Cohu |
March 12, 2010
The Board of Directors
Cohu, Inc.
12367 Crosthwaite Circle
Poway, CA 92064
Dear Sirs:
Effective today, I am resigning from the Cohu, Inc. Board of Directors. My resignation is not related to any disagreement with Cohu, Inc., its Board of Directors or its management.
I have enjoyed my 38 year association with Cohu and wish you and the company well.
Sincerely,
/s/ Charles A. Schwan
Donahue Appointed Chairman of the Board of Cohu
POWAY, Calif., March 15, 2010 — Cohu, Inc. (NASDAQ:COHU) today announced that, effective March 12, 2010, Charles A. Schwan, the Company’s Chairman, resigned from the Board and that James A. Donahue was appointed Chairman of the Board. Mr. Donahue has been President and Chief Executive Officer of Cohu since June, 2000, a director since 1999 and has worked in the company’s semiconductor equipment operations for more than 31 years.
Donahue stated, “During his 38 year association with Cohu, Chuck served as Chief Financial Officer, Chief Executive Officer and since 2000, as Chairman of the Board. On behalf of Cohu’s directors, I want to thank him for his many contributions to the company’s success and wish him well.”
The company also announced that Robert L. Ciardella, cofounder and former President of Asymtek, has been named to the new position of Lead Independent Director. Mr. Ciardella joined Cohu’s Board of Directors in 2003. Asymtek designs, develops, manufactures and sells semiconductor and circuit board assembly equipment.
About Cohu:
Cohu is a supplier of test handling, burn-in and thermal solutions used by the global semiconductor industry, microwave communications and video equipment.
For press releases and other information of interest to investors, please visit Cohu’s website at www.cohu.com. Contact: Jeffrey D. Jones — Investor Relations (858) 848-8106.