ITEM 5.02(b), (e) Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 20, 2012, American Science and Engineering, Inc. (the "Company") announced that Anthony R. Fabiano, President and CEO, has notified the Board of Directors of his intention to retire from the Company. His retirement will follow a transition period that is expected to run through not later than June 30, 2013. Mr. Fabiano will continue to serve as President and Chief Executive Officer until his successor is appointed by the Company's board of directors, at which time he will also resign as a director of the Company. In connection with his retirement, the Company and Mr. Fabiano have executed an Amendment ("the Amendment") to Mr. Fabiano's existing employment agreement (the "Original Agreement"), previously filed as Exhibit 10.22 to the Company's Annual Report on Form 10-K for the year ended March 31, 2011. The terms of the Amendment call for cash payments in the following amounts: (i) $250,000 for non-compete, confidentiality and assignment of IP obligations, payable in 24 monthly installments commencing upon termination of employment, (ii) a maximum of $773,619 in connection with the successful completion of various predetermined goals and (iii) $450,000 for six months of consulting services, payable in six monthly installments, commencing upon termination of employment. So long as he continues as an employee of the Company, Mr. Fabiano will continue to receive salary, bonus and benefits as provided in the Original Agreement. In addition, upon expiration of COBRA benefits following termination of his employment, Mr. Fabiano may receive up to $30,000 to be applied to future medical insurance payments.

Except as described in the preceding paragraph, the Original Agreement remains in effect.

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