COHU INC — Call Transcript 2026

Good day, and welcome to Cohu's 2026 annual meeting of stockholders. I would like to introduce the first presenter, James A. Donahue, Chairperson of the Board for Cohu. Thanks. Good afternoon to all attending. I'm Jim Donahue, Chairperson of the Board of Cohu. It's a pleasure to welcome you to our virtual 2026 annual meeting of stockholders. I will act as chair of our annual meeting and will now call the meeting to order. This meeting is being held pursuant to the notice of annual meeting sent to Cohu shareholders on or around April 2nd, 2026. As is our practice, we will conduct the business portion of the meeting first, and then answer pertinent questions at the end of the meeting. You may submit questions through the virtual meeting portal. Emily Lough, Cohu's Vice President, General Counsel and Secretary, has been appointed Secretary of this meeting and also appointed Inspector of Elections in order to determine the number of shares represented at this meeting and to tabulate the vote on the matters coming before this meeting. At this time, I would like to introduce our other Directors: William Bendush, Steven Bilodeau, Andrew Caggia, Yon Jorden, Andreas Mattes, Karen Rapp, Nina Richardson, and Luis Müller, also President and Chief Executive Officer of Cohu. Also present at the meeting are Ryan Roland from Ernst & Young and Larry Nishnick of the law firm DLA Piper. Ms. Lough informs me that notice of this meeting was duly given in accordance with the bylaws of the company. Ms. Lough, will you please report on the number of shares entitled to vote at this meeting and the number of shares represented at this meeting? Mr. Donahue, as of March 23, 2026, the record date for this meeting, 47,166,278 shares are entitled to vote, and 42,490,768 shares, or 90.08%, are represented in person or by proxy, thereby constituting a quorum. Separately, I wanna confirm that the list of stockholders of record of the company as of the record date is available for inspection through the virtual meeting portal by any stockholder represented in person or by proxy. Since a quorum is present, this meeting may proceed to transact business. We have six items on the agenda for the formal portion of this meeting. First, to elect three Class 1 directors for a term of three years each. Second, an advisory vote to approve named executive officer, or NEO, compensation. Third, to approve an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of common stock from 90 million to 150 million shares. Fourth, to approve the Cohu, Inc. 2026 equity incentive plan. Fifth, to approve the amended and restated Cohu, Inc. 1997 employee stock purchase plan. Finally, to ratify the appointment of Ernst & Young LLP as Cohu's independent registered public accounting firm for fiscal year 2026. Each of these items is described in more detail in the proxy statement sent to stockholders with a notice of annual meeting. We will now open the polls. At this time, if anyone present holds proxies that they intend to vote, please submit your proxy via the virtual meeting portal. Please let me remind you that if you have already sent in a proxy, there is no need for you to cast a ballot unless you wish to change the vote you put on the proxy. Also, if your shares are held by a broker, bank, or other nominee, in order to vote at the meeting, you must have provided in advance a letter from your broker, bank, or other nominee confirming your beneficial ownership of the shares. The nominees for Class 1 directors listed in our proxy statement are William Bendush, Karen Rapp, and Nina Richardson. In order to provide stockholders with the opportunity to consider all nominees, Article One, Section Two of our bylaws requires advance notice of stockholder nominations for director. Ms. Lough, did you receive any such notice? Mr. Donahue, the company did not receive notice of any stockholder nominations for director. While the inspector of elections completes the tabulation of the votes, Luis Müller will now present a brief business update, including a question and answer session at the end of his remarks. Thank you, Jim. I'm joined today by Jeff Jones, our Chief Financial Officer, who will be available to answer questions with me after this presentation. We announced our first quarter 2026 financial results on April 30th, and I won't repeat that information here. Our earnings release is available on our website. Cohu is a leading technology company in semiconductor capital equipment. Our fiscal 2025 results show early success expanding sales in high-performance computing and the memory markets. Last year, revenue was $453 million, up 13% year-over-year, and a return to growth. Recurring business remains strong at 60% of consolidated revenue, supported by a large installed base of equipment at customers' factories. We also finished the year with $454 million in cash and investments. We have a strong position in each of our business verticals, delivering differentiated solutions that optimize semiconductor manufacturing yield and productivity. Our products have growing exposure to AI computing, HBM inspection, power semiconductors, and software-enabled recurring revenue. Our global infrastructure delivers significant value to customers. We manufacture most of our products in Southeast Asia, close to our customers' factories. Equally important, our highly skilled field service team supports approximately 25,000 systems at customer sites worldwide, and they are key to Cohu delivering approximately $270 million in recurring revenue last year. We're targeting an expansion of our addressable market by $1.6 billion across four key growth areas. We finished 2025 with strong momentum in high-performance computing, driven by the expansion of AI workloads and inference processing that require greater compute power. Our new products are gaining traction in testing high-performance processors and inspecting HBM memory, aligned with customer roadmaps in this $750 million addressable market. Our software initiative is also gaining traction as analytics moves from pilot deployments into broader production environments within a $600 million addressable market. Our tester was recently qualified for testing power devices used in the latest generation of rack-scale servers. Based on current engagements and design activity, we now see a computing segment opportunity pipeline of approximately $750 million. For fiscal 2026, we're increasing our high-performance computing revenue outlook to about $80 million-$100 million. We're encouraged by this pipeline across 12 customers, five in qualification, another seven in early-stage engagement. In total, we expect fiscal 2026 revenue to grow 20%-25% year-over-year, validating the business strategy. Let's talk about where we're headed and why we're so excited about the future. In fiscal 2025, we delivered revenue of $453 million, up 13% year-over-year. We're already off to a strong start with fiscal 2026 revenue expected to grow 20%-25% year-over-year. Over the midterm, we're targeting 15% compound annual growth rate. We're also driving significant margin expansion with adjusted EBITDA scaling to 18%-26% as we leverage our operating model. In short, we have the products, the pipeline, and the operating leverage to deliver substantial value creation for shareholders over the midterm. That concludes today's presentation, and I am now happy to take your questions. Thank you. That concludes the business update, and I will turn it back to Jim. Thank you, Luis. The polls are now closed, and I will ask Ms. Lough to provide us with the preliminary voting results on the proposals. The pre-preliminary voting results, as tabulated by our transfer agent and certified by me as Inspector of Elections, are as follows. Proposal number one: Mr. Bendush and Mrs. Rapp and Mrs. Richardson have been elected as Class 1 Directors. Proposal number two: the advisory vote on NEO compensation has been approved. Proposal number three: the amendment to our charter has been approved. Proposal number four: the Cohu, Inc. 2026 equity incentive plan has been approved. Proposal number five: the amended and restated Cohu, Inc. 1997 employee stock purchase plan has been approved. Proposal number six: Ernst & Young LLP has been ratified as Cohu's independent registered public accounting firm for 2026. The final vote will be included in the records of the meeting and in a Form 8-K to be filed within four business days. Thank you, Ms. Lough. That completes the business scheduled for today, and our meeting is now concluded. Thank you all for joining us today, and we look forward to seeing you in 2027. Cohu's annual meeting has now adjourned. For further information, please visit Cohu's website. Thank you for attending. You may now disconnect.

Speaker 4: Good day, and welcome to Cohu's 2026 annual meeting of stockholders. I would like to introduce the first presenter, James A. Donahue, Chairperson of the Board for Cohu. Good day, and welcome to Cohu's 2026 annual meeting of stockholders. good day and welcome to cohu's 2026 annual meeting of stockholders I would like to introduce the first presenter, James A. i would like to introduce the first presenter james a Donahue, Chairperson of the Board for Cohu. donahue chairperson of the board for cohu

Speaker 2: Thanks. Good afternoon to all attending. I'm Jim Donahue, Chairperson of the Board of Cohu. It's a pleasure to welcome you to our virtual 2026 annual meeting of stockholders. I will act as chair of our annual meeting and will now call the meeting to order. This meeting is being held pursuant to the notice of annual meeting sent to Cohu shareholders on or around April 2nd, 2026. As is our practice, we will conduct the business portion of the meeting first, and then answer pertinent questions at the end of the meeting. You may submit questions through the virtual meeting portal. Thanks. thanks Good afternoon to all attending. good afternoon to all attending I'm Jim Donahue, Chairperson of the Board of Cohu. i'm jim donahue chairperson of the board of cohu It's a pleasure to welcome you to our virtual 2026 annual meeting of stockholders. it's a pleasure to welcome you to our virtual 2026 annual meeting of stockholders I will act as chair of our annual meeting and will now call the meeting to order. i will act as chair of our annual meeting and will now call the meeting to order This meeting is being held pursuant to the notice of annual meeting sent to Cohu shareholders on or around April 2nd, 2026. this meeting is being held pursuant to the notice of annual meeting sent to cohu shareholders on or around april 2nd 2026 As is our practice, we will conduct the business portion of the meeting first, and then answer pertinent questions at the end of the meeting. as is our practice we will conduct the business portion of the meeting first and then answer pertinent questions at the end of the meeting You may submit questions through the virtual meeting portal. you may submit questions through the virtual meeting portal Emily Lough, Cohu's Vice President, General Counsel and Secretary, has been appointed Secretary of this meeting and also appointed Inspector of Elections in order to determine the number of shares represented at this meeting and to tabulate the vote on the matters coming before this meeting. At this time, I would like to introduce our other Directors: William Bendush, Steven Bilodeau, Andrew Caggia, Yon Jorden, Andreas Mattes, Karen Rapp, Nina Richardson, and Luis Müller, also President and Chief Executive Officer of Cohu. Also present at the meeting are Ryan Roland from Ernst & Young and Larry Nishnick of the law firm DLA Piper. Ms. Lough informs me that notice of this meeting was duly given in accordance with the bylaws of the company. Ms. Lough, will you please report on the number of shares entitled to vote at this meeting and the number of shares represented at this meeting? Emily Lough, Cohu's Vice President, General Counsel and Secretary, has been appointed Secretary of this meeting and also appointed Inspector of Elections in order to determine the number of shares represented at this meeting and to tabulate the vote on the matters coming before this meeting. emily lough cohu's vice president general counsel and secretary has been appointed secretary of this meeting and also appointed inspector of elections in order to determine the number of shares represented at this meeting and to tabulate the vote on the matters coming before this meeting At this time, I would like to introduce our other Directors: William Bendush, Steven Bilodeau, Andrew Caggia, Yon Jorden, Andreas Mattes, Karen Rapp, Nina Richardson, and Luis Müller, also President and Chief Executive Officer of Cohu. at this time i would like to introduce our other directors william bendush steven bilodeau andrew caggia yon jorden andreas mattes karen rapp nina richardson and luis müller also president and chief executive officer of cohu Also present at the meeting are Ryan Roland from Ernst & Young and Larry Nishnick of the law firm DLA Piper. also present at the meeting are ryan roland from ernst & young and larry nishnick of the law firm dla piper Ms. Lough informs me that notice of this meeting was duly given in accordance with the bylaws of the company. ms lough informs me that notice of this meeting was duly given in accordance with the bylaws of the company Ms. Lough, will you please report on the number of shares entitled to vote at this meeting and the number of shares represented at this meeting? ms lough will you please report on the number of shares entitled to vote at this meeting and the number of shares represented at this meeting

Speaker 1: Mr. Donahue, as of March 23, 2026, the record date for this meeting, 47,166,278 shares are entitled to vote, and 42,490,768 shares, or 90.08%, are represented in person or by proxy, thereby constituting a quorum. Separately, I wanna confirm that the list of stockholders of record of the company as of the record date is available for inspection through the virtual meeting portal by any stockholder represented in person or by proxy. Mr. Donahue, as of March 23, 2026, the record date for this meeting, 47,166,278 shares are entitled to vote, and 42,490,768 shares, or 90.08%, are represented in person or by proxy, thereby constituting a quorum. mr donahue as of march 23 2026 the record date for this meeting 47,166,278 shares are entitled to vote and 42,490,768 shares or 90.08% are represented in person or by proxy thereby constituting a quorum Separately, I wanna confirm that the list of stockholders of record of the company as of the record date is available for inspection through the virtual meeting portal by any stockholder represented in person or by proxy. separately i wanna confirm that the list of stockholders of record of the company as of the record date is available for inspection through the virtual meeting portal by any stockholder represented in person or by proxy

Speaker 2: Since a quorum is present, this meeting may proceed to transact business. We have six items on the agenda for the formal portion of this meeting. First, to elect three Class 1 directors for a term of three years each. Second, an advisory vote to approve named executive officer, or NEO, compensation. Third, to approve an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of common stock from 90 million to 150 million shares. Fourth, to approve the Cohu, Inc. 2026 equity incentive plan. Fifth, to approve the amended and restated Cohu, Inc. 1997 employee stock purchase plan. Finally, to ratify the appointment of Ernst & Young LLP as Cohu's independent registered public accounting firm for fiscal year 2026. Since a quorum is present, this meeting may proceed to transact business. since a quorum is present this meeting may proceed to transact business We have six items on the agenda for the formal portion of this meeting. we have six items on the agenda for the formal portion of this meeting First, to elect three Class 1 directors for a term of three years each. first to elect three class 1 directors for a term of three years each Second, an advisory vote to approve named executive officer, or NEO, compensation. second an advisory vote to approve named executive officer or neo compensation Third, to approve an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of common stock from 90 million to 150 million shares. third to approve an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of common stock from 90 million to 150 million shares Fourth, to approve the Cohu, Inc. 2026 equity incentive plan. fourth to approve the cohu inc 2026 equity incentive plan Fifth, to approve the amended and restated Cohu, Inc. 1997 employee stock purchase plan. fifth to approve the amended and restated cohu inc 1997 employee stock purchase plan Finally, to ratify the appointment of Ernst & Young LLP as Cohu's independent registered public accounting firm for fiscal year 2026. finally to ratify the appointment of ernst & young llp as cohu's independent registered public accounting firm for fiscal year 2026 Each of these items is described in more detail in the proxy statement sent to stockholders with a notice of annual meeting. We will now open the polls. At this time, if anyone present holds proxies that they intend to vote, please submit your proxy via the virtual meeting portal. Please let me remind you that if you have already sent in a proxy, there is no need for you to cast a ballot unless you wish to change the vote you put on the proxy. Also, if your shares are held by a broker, bank, or other nominee, in order to vote at the meeting, you must have provided in advance a letter from your broker, bank, or other nominee confirming your beneficial ownership of the shares. The nominees for Class 1 directors listed in our proxy statement are William Bendush, Karen Rapp, and Nina Richardson. Each of these items is described in more detail in the proxy statement sent to stockholders with a notice of annual meeting. each of these items is described in more detail in the proxy statement sent to stockholders with a notice of annual meeting We will now open the polls. we will now open the polls At this time, if anyone present holds proxies that they intend to vote, please submit your proxy via the virtual meeting portal. at this time if anyone present holds proxies that they intend to vote please submit your proxy via the virtual meeting portal Please let me remind you that if you have already sent in a proxy, there is no need for you to cast a ballot unless you wish to change the vote you put on the proxy. please let me remind you that if you have already sent in a proxy there is no need for you to cast a ballot unless you wish to change the vote you put on the proxy Also, if your shares are held by a broker, bank, or other nominee, in order to vote at the meeting, you must have provided in advance a letter from your broker, bank, or other nominee confirming your beneficial ownership of the shares. also if your shares are held by a broker bank or other nominee in order to vote at the meeting you must have provided in advance a letter from your broker bank or other nominee confirming your beneficial ownership of the shares The nominees for Class 1 directors listed in our proxy statement are William Bendush, Karen Rapp, and Nina Richardson. the nominees for class 1 directors listed in our proxy statement are william bendush karen rapp and nina richardson In order to provide stockholders with the opportunity to consider all nominees, Article One, Section Two of our bylaws requires advance notice of stockholder nominations for director. Ms. Lough, did you receive any such notice? In order to provide stockholders with the opportunity to consider all nominees, Article One, Section Two of our bylaws requires advance notice of stockholder nominations for director. in order to provide stockholders with the opportunity to consider all nominees article one section two of our bylaws requires advance notice of stockholder nominations for director Ms. Lough, did you receive any such notice? ms lough did you receive any such notice

Speaker 1: Mr. Donahue, the company did not receive notice of any stockholder nominations for director. Mr. Donahue, the company did not receive notice of any stockholder nominations for director. mr donahue the company did not receive notice of any stockholder nominations for director

Speaker 2: While the inspector of elections completes the tabulation of the votes, Luis Müller will now present a brief business update, including a question and answer session at the end of his remarks. While the inspector of elections completes the tabulation of the votes, Luis Müller will now present a brief business update, including a question and answer session at the end of his remarks. while the inspector of elections completes the tabulation of the votes luis müller will now present a brief business update including a question and answer session at the end of his remarks

Speaker 3: Thank you, Jim. I'm joined today by Jeff Jones, our Chief Financial Officer, who will be available to answer questions with me after this presentation. We announced our first quarter 2026 financial results on April 30th, and I won't repeat that information here. Our earnings release is available on our website. Cohu is a leading technology company in semiconductor capital equipment. Our fiscal 2025 results show early success expanding sales in high-performance computing and the memory markets. Last year, revenue was $453 million, up 13% year-over-year, and a return to growth. Recurring business remains strong at 60% of consolidated revenue, supported by a large installed base of equipment at customers' factories. Thank you, Jim. thank you jim I'm joined today by Jeff Jones, our Chief Financial Officer, who will be available to answer questions with me after this presentation. i'm joined today by jeff jones our chief financial officer who will be available to answer questions with me after this presentation We announced our first quarter 2026 financial results on April 30th, and I won't repeat that information here. we announced our first quarter 2026 financial results on april 30th and i won't repeat that information here Our earnings release is available on our website. our earnings release is available on our website Cohu is a leading technology company in semiconductor capital equipment. cohu is a leading technology company in semiconductor capital equipment Our fiscal 2025 results show early success expanding sales in high-performance computing and the memory markets. our fiscal 2025 results show early success expanding sales in high-performance computing and the memory markets Last year, revenue was $453 million, up 13% year-over-year, and a return to growth. last year revenue was $453 million up 13% year-over-year and a return to growth Recurring business remains strong at 60% of consolidated revenue, supported by a large installed base of equipment at customers' factories. recurring business remains strong at 60% of consolidated revenue supported by a large installed base of equipment at customers' factories We also finished the year with $454 million in cash and investments. We have a strong position in each of our business verticals, delivering differentiated solutions that optimize semiconductor manufacturing yield and productivity. Our products have growing exposure to AI computing, HBM inspection, power semiconductors, and software-enabled recurring revenue. Our global infrastructure delivers significant value to customers. We manufacture most of our products in Southeast Asia, close to our customers' factories. Equally important, our highly skilled field service team supports approximately 25,000 systems at customer sites worldwide, and they are key to Cohu delivering approximately $270 million in recurring revenue last year. We're targeting an expansion of our addressable market by $1.6 billion across four key growth areas. We also finished the year with $454 million in cash and investments. We have a strong position in each of our business verticals, delivering differentiated solutions that optimize semiconductor manufacturing yield and productivity. we also finished the year with $454 million in cash and investments. we have a strong position in each of our business verticals delivering differentiated solutions that optimize semiconductor manufacturing yield and productivity Our products have growing exposure to AI computing, HBM inspection, power semiconductors, and software-enabled recurring revenue. our products have growing exposure to ai computing hbm inspection power semiconductors and software-enabled recurring revenue Our global infrastructure delivers significant value to customers. our global infrastructure delivers significant value to customers We manufacture most of our products in Southeast Asia, close to our customers' factories. we manufacture most of our products in southeast asia close to our customers' factories Equally important, our highly skilled field service team supports approximately 25,000 systems at customer sites worldwide, and they are key to Cohu delivering approximately $270 million in recurring revenue last year. equally important our highly skilled field service team supports approximately 25,000 systems at customer sites worldwide and they are key to cohu delivering approximately $270 million in recurring revenue last year We're targeting an expansion of our addressable market by $1.6 billion across four key growth areas. we're targeting an expansion of our addressable market by $1.6 billion across four key growth areas We finished 2025 with strong momentum in high-performance computing, driven by the expansion of AI workloads and inference processing that require greater compute power. Our new products are gaining traction in testing high-performance processors and inspecting HBM memory, aligned with customer roadmaps in this $750 million addressable market. Our software initiative is also gaining traction as analytics moves from pilot deployments into broader production environments within a $600 million addressable market. Our tester was recently qualified for testing power devices used in the latest generation of rack-scale servers. Based on current engagements and design activity, we now see a computing segment opportunity pipeline of approximately $750 million. For fiscal 2026, we're increasing our high-performance computing revenue outlook to about $80 million-$100 million. We finished 2025 with strong momentum in high-performance computing, driven by the expansion of AI workloads and inference processing that require greater compute power. we finished 2025 with strong momentum in high-performance computing driven by the expansion of ai workloads and inference processing that require greater compute power Our new products are gaining traction in testing high-performance processors and inspecting HBM memory, aligned with customer roadmaps in this $750 million addressable market. our new products are gaining traction in testing high-performance processors and inspecting hbm memory aligned with customer roadmaps in this $750 million addressable market Our software initiative is also gaining traction as analytics moves from pilot deployments into broader production environments within a $600 million addressable market. our software initiative is also gaining traction as analytics moves from pilot deployments into broader production environments within a $600 million addressable market Our tester was recently qualified for testing power devices used in the latest generation of rack-scale servers. our tester was recently qualified for testing power devices used in the latest generation of rack-scale servers Based on current engagements and design activity, we now see a computing segment opportunity pipeline of approximately $750 million. based on current engagements and design activity we now see a computing segment opportunity pipeline of approximately $750 million For fiscal 2026, we're increasing our high-performance computing revenue outlook to about $80 million-$100 million. for fiscal 2026 we're increasing our high-performance computing revenue outlook to about $80 million-$100 million We're encouraged by this pipeline across 12 customers, five in qualification, another seven in early-stage engagement. In total, we expect fiscal 2026 revenue to grow 20%-25% year-over-year, validating the business strategy. Let's talk about where we're headed and why we're so excited about the future. In fiscal 2025, we delivered revenue of $453 million, up 13% year-over-year. We're already off to a strong start with fiscal 2026 revenue expected to grow 20%-25% year-over-year. Over the midterm, we're targeting 15% compound annual growth rate. We're also driving significant margin expansion with adjusted EBITDA scaling to 18%-26% as we leverage our operating model. In short, we have the products, the pipeline, and the operating leverage to deliver substantial value creation for shareholders over the midterm. We're encouraged by this pipeline across 12 customers, five in qualification, another seven in early-stage engagement. we're encouraged by this pipeline across 12 customers five in qualification another seven in early-stage engagement In total, we expect fiscal 2026 revenue to grow 20%-25% year-over-year, validating the business strategy. in total we expect fiscal 2026 revenue to grow 20%-25% year-over-year validating the business strategy Let's talk about where we're headed and why we're so excited about the future. let's talk about where we're headed and why we're so excited about the future In fiscal 2025, we delivered revenue of $453 million, up 13% year-over-year. in fiscal 2025 we delivered revenue of $453 million up 13% year-over-year We're already off to a strong start with fiscal 2026 revenue expected to grow 20%-25% year-over-year. we're already off to a strong start with fiscal 2026 revenue expected to grow 20%-25% year-over-year Over the midterm, we're targeting 15% compound annual growth rate. over the midterm we're targeting 15% compound annual growth rate We're also driving significant margin expansion with adjusted EBITDA scaling to 18%-26% as we leverage our operating model. we're also driving significant margin expansion with adjusted ebitda scaling to 18%-26% as we leverage our operating model In short, we have the products, the pipeline, and the operating leverage to deliver substantial value creation for shareholders over the midterm. in short we have the products the pipeline and the operating leverage to deliver substantial value creation for shareholders over the midterm That concludes today's presentation, and I am now happy to take your questions. Thank you. That concludes the business update, and I will turn it back to Jim. That concludes today's presentation, and I am now happy to take your questions. that concludes today's presentation and i am now happy to take your questions Thank you. thank you That concludes the business update, and I will turn it back to Jim. that concludes the business update and i will turn it back to jim

Speaker 2: Thank you, Luis. The polls are now closed, and I will ask Ms. Lough to provide us with the preliminary voting results on the proposals. Thank you, Luis. thank you luis The polls are now closed, and I will ask Ms. Lough to provide us with the preliminary voting results on the proposals. the polls are now closed and i will ask ms lough to provide us with the preliminary voting results on the proposals

Speaker 1: The pre-preliminary voting results, as tabulated by our transfer agent and certified by me as Inspector of Elections, are as follows. Proposal number one: Mr. Bendush and Mrs. Rapp and Mrs. Richardson have been elected as Class 1 Directors. Proposal number two: the advisory vote on NEO compensation has been approved. Proposal number three: the amendment to our charter has been approved. Proposal number four: the Cohu, Inc. 2026 equity incentive plan has been approved. Proposal number five: the amended and restated Cohu, Inc. 1997 employee stock purchase plan has been approved. Proposal number six: Ernst & Young LLP has been ratified as Cohu's independent registered public accounting firm for 2026. The final vote will be included in the records of the meeting and in a Form 8-K to be filed within four business days. The pre-preliminary voting results, as tabulated by our transfer agent and certified by me as Inspector of Elections, are as follows. the pre-preliminary voting results as tabulated by our transfer agent and certified by me as inspector of elections are as follows Proposal number one: Mr. Bendush and Mrs. Rapp and Mrs. Richardson have been elected as Class 1 Directors. proposal number one mr bendush and mrs rapp and mrs richardson have been elected as class 1 directors Proposal number two: the advisory vote on NEO compensation has been approved. proposal number two the advisory vote on neo compensation has been approved Proposal number three: the amendment to our charter has been approved. proposal number three the amendment to our charter has been approved Proposal number four: the Cohu, Inc. 2026 equity incentive plan has been approved. proposal number four the cohu inc 2026 equity incentive plan has been approved Proposal number five: the amended and restated Cohu, Inc. 1997 employee stock purchase plan has been approved. proposal number five the amended and restated cohu inc 1997 employee stock purchase plan has been approved Proposal number six: Ernst & Young LLP has been ratified as Cohu's independent registered public accounting firm for 2026. proposal number six ernst & young llp has been ratified as cohu's independent registered public accounting firm for 2026 The final vote will be included in the records of the meeting and in a Form 8-K to be filed within four business days. the final vote will be included in the records of the meeting and in a form 8-k to be filed within four business days

Speaker 2: Thank you, Ms. Lough. That completes the business scheduled for today, and our meeting is now concluded. Thank you all for joining us today, and we look forward to seeing you in 2027. Thank you, Ms. Lough. thank you ms lough That completes the business scheduled for today, and our meeting is now concluded. that completes the business scheduled for today and our meeting is now concluded Thank you all for joining us today, and we look forward to seeing you in 2027. thank you all for joining us today and we look forward to seeing you in 2027

Speaker 4: Cohu's annual meeting has now adjourned. For further information, please visit Cohu's website. Thank you for attending. You may now disconnect. Cohu's annual meeting has now adjourned. cohu's annual meeting has now adjourned For further information, please visit Cohu's website. for further information please visit cohu's website Thank you for attending. thank you for attending You may now disconnect. you may now disconnect