GSI Technology adopts 2024 variable compensation plan; CEO target bonus $275K

GSI TECHNOLOGY INC

Compensation Committee approved 2024 Variable Compensation Plan on May 30, 2023.
CEO Lee-Lean Shu target bonus $275,000; other executive officers target bonus $137,500.
Bonuses based on net revenue targets for APU products and Rad-Hard/Rad-Tolerant SRAM products.
Vesting: 60% payable April 2024, 20% each in April 2025 and 2026.
Maximum bonus payout can be up to two times the target if performance exceeds goals.

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