secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001104659-23-067535
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465923067535/0001104659-23-067535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465923067535/tm2317578d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-067535

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