---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-067535"
form_type: "8-K"
ticker: "GSIT"
cik: "0001126741"
company_name: "GSI TECHNOLOGY INC"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T07:58:35.664522+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-067535
- form_type: 8-K
- ticker: GSIT
- cik: 0001126741
- company_name: GSI TECHNOLOGY INC
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126741/000110465923067535/0001104659-23-067535-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126741/000110465923067535/tm2317578d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-067535
- JSON: https://secwatch.observer/filing/0001104659-23-067535.json
- Plain text: https://secwatch.observer/filing/0001104659-23-067535.txt

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