Business Context and Reporting Period
Company: Cohu, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 10, 2006
Subject: Entry into a Material Definitive Agreement regarding compensation adjustments.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive and director compensation adjustments.
Material Changes
The Compensation Committee of the Board of Directors approved the following increases effective January 1, 2006:
- Director Cash Compensation:
- Chairman of the Board: $50,000
- Annual Retainer: $30,000
- Each Committee Chairman: $7,500
- Each Committee Member: $3,500
- Executive Officer Annual Salaries:
- James A. Donahue (President and CEO): Increased from $436,000 to $462,000.
- John H. Allen (VP Finance and CFO): Increased from $267,000 to $283,000.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on operations, risks, contingencies, or unusual items beyond the compensation adjustments.
Investor Verification Checklist
- Verify the effective date of the compensation increases (stated as January 1, 2006).
- Confirm the specific salary amounts for the CEO and CFO against prior proxy statements.
- Review the total number of directors and committee members to calculate the aggregate impact on director compensation expenses.