secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0001104659-22-009531
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology amends bylaws to allow director removal without cause; charter amendment subject to stockholder vote
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- Board adopted restated bylaws on Jan 25, 2022, permitting director removal without cause by majority vote.
- Prior bylaws required cause for removal; new provision is effective immediately.
- Restated charter includes same removal change but requires stockholder approval at next annual meeting.
- Company will not enforce old for-cause removal provision pending stockholder vote.
- Charter also removes historical preferred stock provisions from pre-IPO period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465922009531/0001104659-22-009531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465922009531/tm224862d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-009531

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