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COHU INC Capital/Financing Update 2021

May 10, 2021

32277_rns_2021-05-10_06e7173a-3523-4f87-b8d5-19fe288bef6d.zip

Capital/Financing Update

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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): May 10, 2021

Cohu, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-04298 95-1934119
___ (State or other jurisdiction _______ (Commission __ (I.R.S. Employer
of incorporation) File Number) Identification No.)
12367 Crosthwaite Circle , Poway , California 92064
_________ (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

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class Trading Symbol(s) Name of exchange on which registered
Common Stock , $1.00 par value COHU The NASDAQ Stock Market LLC

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On May 10, 2021, Cohu, Inc. (“Cohu”) issued a press release announcing the entering into of a Share and Asset Purchase Agreement (the “Purchase Agreement”), dated May 10, 2021, by and among Cohu and certain direct and indirect subsidiaries of Cohu and Mycronic AB and certain of its direct and indirect subsidiaries (“Mycronic”) pursuant to which Cohu has agreed to sell its Printed Circuit Board Test Group business to Mycronic. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description
99.1 Press Release dated May 10, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

/s/ Jeffrey D. Jones
Name: Jeffrey D. Jones
Title: VP Finance and Chief Financial Officer