secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001104659-24-008242
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology grants stock options to executives as part of cost reduction initiatives
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- CEO Lee-Lean Shu granted 150,000 options; CFO Douglas Schirle and VP Sales Didier Lasserre each granted 20,000 options.
- Options granted under 2016 Equity Incentive Plan, vest fully on December 1, 2024.
- Grants offset prior salary reductions: CEO 30% cut, other officers 10% cut announced Nov 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924008242/0001104659-24-008242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000110465924008242/tm244593d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-008242

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