---
schema_version: "secwatch.filing_event.v1"
accession: "0000944480-23-000083"
form_type: "8-K"
ticker: null
cik: "0000944480"
company_name: "GSE SYSTEMS INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:32:39.846970+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GSE Systems announces 10-for-1 reverse stock split; effective Oct 30, 2023, to meet Nasdaq bid price rule

## Summary
- Reverse stock split ratio set at 10:1; approved by board on Sept 11, 2023 and stockholders on June 12, 2023.
- Outstanding shares expected to reduce from ~25M to ~2.5M; no change to authorized shares or par value.
- Cash payment in lieu of fractional shares based on VWAP as of Oct 27, 2023, with no fractional shares issued.
- Split intended to help regain Nasdaq minimum $1.00 bid price compliance; trading symbol GVP unchanged.
- Continental Stock Transfer & Trust acting as exchange agent; book-entry holders need no action.

## SEC filing metadata
- accession: 0000944480-23-000083
- form_type: 8-K
- cik: 0000944480
- company_name: GSE SYSTEMS INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944480/000094448023000083/0000944480-23-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944480/000094448023000083/form8-k_reversestocksplit.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000944480-23-000083
- JSON: https://secwatch.observer/filing/0000944480-23-000083.json
- Plain text: https://secwatch.observer/filing/0000944480-23-000083.txt

## Key facts
- Governance Changes
  GSE SYSTEMS INC: GSE Systems, Inc. filed a Certificate of Amendment to effect a ten-for-one reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on October 30, 2023 (effective 2023-10-30).
  - Change: charter amendment
  - Effective: 2023-10-30
  source text: On October 25, 2023, GSE Systems, Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Amendment ”) to its Restated Certificate of Incorporation with the Secretary of State of Delaware to effect a ten-for-one reverse stock split (the “ Reverse Stock Split ”) of the Company’s shares of common stock, $0.01 par value (the “ Common Stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/944480/000094448023000083/0000944480-23-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.