(e) On October 13, 2009, Richardson Electronics, Ltd.'s (the "Company") Board of Directors (the "Board") voted to terminate the Company's Employee Stock Ownership Plan (the "ESOP") as of October 15, 2009. The Board decided to terminate the ESOP after determining that it was no longer feasible to continue the ESOP in light of the administrative and trustee fees associated with maintaining the ESOP, which fees have increased dramatically since the ESOP was established in the late 1980s. At the time that the ESOP was terminated, it held 389,422.48 shares of the Company's common stock, representing approximately 2.6% of the Company's outstanding common stock, and $10,366 in cash.

Of these amounts, the following were allocated to the Company's named executive officers as of October 15, 2009:

Name                Title                                              Shares       Cash
Edward Richardson   Chairman, Chief Executive Officer, Chief
                    Operating Officer and President                   27,339.61   $ 388.13
Kathleen Dvorak     Executive Vice President, Chief Financial
                    Officer and Chief Strategy Officer                     6.72          0
Gregory Peloquin    Executive Vice President and General Manager,
                    RF, Wireless & Power Division                      1,365.36      53.72
Wendy Diddell       Executive Vice President, Corporate Development      304.51       2.12

Upon termination of the ESOP, all ESOP participants became fully vested in their ESOP benefits without regard to whether they were fully vested in such benefits as of the effective date of the ESOP termination. As a result of the ESOP termination, all ESOP assets will be distributed to plan participants, who may elect to either have their account assets distributed to them directly as shares of common stock or as cash, or to have their account assets rolled over to another qualified plan or to an individual retirement account. Plan participants have until December 22, 2009 to inform the Company of their account asset distribution election. The Company anticipates that the plan assets will be distributed in January 2010.

For ESOP participants electing to receive a direct distribution of cash or electing to roll over their account assets to the Company's 401(k) plan, the ESOP trustee is expected to sell the shares in such participants' accounts through one or more block trades and distribute the proceeds, minus expenses and applicable withholding tax, to such plan participants. The Company may seek to purchase up to all of such shares directly from the ESOP trustee at their fair market value at the time of such sale, as mutually agreed to by the Company and the ESOP trustee.

This Current Report on Form 8-K includes certain "forward-looking" statements as defined by the SEC. Statements in this Form 8-K regarding the Company's business which are not historical facts represent "forward-looking" statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year. The Company assumes no responsibility to update the forward-looking statements in this release as a result of new information, future events, or otherwise.