Cohu Inc.

Watchdog Report ™
COHU (NASDAQ Global)  |  CIK:21535  |  United States | SEC llings The new model for duciary analysis
Aug 13, 2021 Jan 1, 2020 Jan 1, 2016
RECENT PERIOD HISTORICAL PERIOD
Key Facts
10-Q led on Aug 2, 2021 for period ending Jun 2021

Business address: Poway, California, United States Reporting Irregularities

RECENT HISTORICAL
Industry: Instrument Manufacturing for Measuring and Testing
Financial Restatements
Electricity and Electrical Signals (NAICS 334515)
SEC ler status: Accelerated Filer as of Jun 2021 Revisions
Index member: S&P 600, Russell 2000
Out of Period Adjustments
Market Cap: $1.48b as of Aug 12, 2021
Late Filings
Annual revenue: $636m as of Dec 26, 2020
Impairments
Corporate Governance
Changes in Accounting Estimates
CEO: Luis A. Müller since 2014
Disclosure Controls
CFO: Jeffrey D. Jones since 2007
1st level
Internal Controls

Board Chairman: James A. Donahue since 2010 Critical / Key Audit Matters

Audit Committee Chair: NOT AVAILABLE Anomalies in the Numbers

2nd level RECENT HISTORICAL

Benford's Law
Auditor: Ernst & Young LLP since 1957
Outside Counsel (most recent): DLA Piper US LLP Beneish M-Score
3rd level
Accounting Disclosure Complexity

SEC Reviewer: (unknown)

4th level
Securities & Exchange Commission Concerns
RECENT HISTORICAL

SEC Oversight

SEC Letters to Management

Revenue Recognition

Non-GAAP Measures

Litigation & External Pressures

RECENT HISTORICAL

Signi cant Litigation

Securities Class Actions

Shareholder Activism

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RECENT HISTORICAL
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CFO Changes

How to analyze this company's Watchdog Insider Sales

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Pledged Securities

Information in this report is effective Aug 13, 2021 and is taken from the Mergers & Acquisitions
company's public nancial and regulatory lings. Latest ling 10-Q led
Sales of Assets
08/02/2021. Over 75 accounting and data analysts scrutinize and review
crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment
RECENT HISTORICAL
facts are captured and processed using our proprietary methods which
identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes
represents 30 or more hours of analysis and processing.
Auditor Experience

Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure
Executive compensation data from Shore Group and Intrinio.
Data from Sharadar. Audit Fees
Data from Barchart via Quandl.
Non-Audit Fees
Data from Exchange Data International via Quandl.

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 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group

Overview

Price and Volume History

This graph shows the price and trading history for Cohu. Warning signs and red ags are marked on the graph according to their disclosure dates.

1 Feb 26, 2021 - Impairment 9 Aug 28, 2018 - SEC letters to management

2 Feb 26, 2021 - Disclosure Controls 10 May 7, 2018 - Mergers & Acquisitions

3 Feb 26, 2021 - Critical / Key Audit Matters 11 Nov 9, 2017 - Insider Sale

4 Feb 26, 2021 - Critical / Key Audit Matters 12 Nov 7, 2017 - Disclosure Controls

5 Nov 10, 2020 - Insider Sale 13 May 5, 2017 - Insider Sale

6 May 7, 2020 - Disclosure Controls 14 May 4, 2017 - Insider Sale

7 May 9, 2019 - Disclosure Controls 15 Oct 28, 2016 - Disclosure Controls

8 Mar 14, 2019 - Disclosure Controls

Noti cations
Important noti cations related to the company are listed here. Noti cations may come from the SEC, exchanges such as the NYSE or NASDAQ, or
Watchdog Research. Examples of noti cations include announcements of bankruptcy proceedings, company name changes, and noncompliance with
SEC regulations or exchange rules.

There are no noti cations for Cohu at least since 2016.

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Peer Group
Peer groups are used by companies to benchmark executive compensation and performance. Each company identi es its own peer group. Peer groups
vary from company to company.

Peer Group Companies Who Named Cohu as a Peer

Company Ticker Market Cap Company Ticker Market Cap

Teradyne, Inc.  TER $19.6b Stamps.com Inc.  STMP $6.03b

Entegris Inc.  ENTG $15.4b Kulicke & Soffa Industries Inc.  KLIC $3.67b

MKS Instruments Inc.  MKSI $8.14b Onto Innovation Inc.  ONTO $3.58b

Brooks Automation Inc.  BRKS $6.16b FormFactor Inc.  FORM $2.73b

National Instruments Corp.  NATI $5.55b Ultra Clean Holdings, Inc.  UCTT $1.94b

Novanta Inc.  NOVT $5.15b Cohu Inc.  COHU $1.48b

Cirrus Logic Inc.  CRUS $4.56b Axcelis Technologies Inc.  ACLS $1.47b

CMC Materials, Inc.  CCMP $3.55b Faro Technologies Inc.  FARO $1.25b

Advanced Energy Industries Inc.  AEIS $3.33b nLight, Inc.  LASR $1.17b

Cohu Inc.  COHU $1.48b Veeco Instruments Inc.  VECO $1.09b

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Peer Flag Comparison
The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a
company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Cohu's accounting quality compare to
its peer group?

COHU PEER GROUP FLAGS COHU PEER GROUP FLAGS

Reporting Irregularities Litigation & External Pressures
Financial Restatements 9 Signi cant Litigation 7 2

Revisions 8 1 Securities Class Actions 9

Out of Period Adjustments 4 5 Shareholder Activism 8 1

Impairments 3 6 Cybersecurity 9

Changes in Accounting Estimates 5 4 Management Review

Disclosure Controls 7 2 CEO Changes 4 4 1

Internal Controls 8 1 CFO Changes 5 4

Critical / Key Audit Matters 9 Insider Sales 5 4

Pledged Securities 9
Anomalies in the Numbers

Benford's Law 7 2 Mergers & Acquisitions 7 2

Beneish M-Score 9 Sales of Assets 9

Accounting Disclosure Complexity 7 2

Auditor Assessment

Auditor Changes 8 1
Securities & Exchange Commission Concerns

SEC Oversight 9 Auditor Experience 9

SEC Letters to Management 3 6 Auditor Tenure 5 4

Revenue Recognition 6 3 Audit Fees 1 8

Non-GAAP Measures 9 Non-Audit Fees 5 4

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