secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001104659-22-095148
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology stockholders approve charter amendment removing for-cause director removal requirement
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- Stockholders approved Restated Charter ending for-cause director removal; directors now removable by majority vote without cause.
- Authorized preferred shares reduced to 5 million; board size set at 8 members.
- Eight directors elected: Jack Bradley, Elizabeth Cholawsky, Haydn Hsieh, Kim Le, Ruey L. Lu, Barbara Nelson, Lee-Lean Shu, Robert Yau.
- Ratification of BDO USA as independent auditor for FY ending March 31, 2023 approved.
- Advisory vote on executive compensation approved (13.4M for, 4.1M against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465922095148/0001104659-22-095148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465922095148/tm2224484d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-095148

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