secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2022-06-03T23:59:59+00:00
Accession:  0001104659-22-068071
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology adopts 2023 Variable Compensation Plan with CEO target bonus of $250k
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- CEO Lee-Lean Shu target bonus $250k; other executive officers each $125k.
- Bonuses tied to net revenue targets for Rad-Hard/Rad-Tolerant SRAM and APU products.
- Maximum payout up to 2x target if performance goals exceeded.
- Vesting: 60% payable April 2023, then 20% each April 2024 and April 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465922068071/0001104659-22-068071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465922068071/tm2217493d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-068071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer